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The “Great Migration” of 1910 - 1920
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A Day of Reckoning On Black Tuesday, October 24, 1929, the Stock Market collapsed.
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The crash precipitated the Great Depression,
the worst economic downturn in the history of the United States.
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"They roared like a lot of lions and tigers”
A Stock Exchange guard, "They roared like a lot of lions and tigers”
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They hollered and screamed, they clawed at one another
They hollered and screamed, they clawed at one another. The trading floor of the New York Stock Exchange was like a bunch of crazy men.
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The stock market was in shambles. Many banks couldn't continue to
operate. Farmers fell into bankruptcy.
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The Great Depression was probably the lowest point in American economic history.
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One of the reasons this happened was how people had invested in stocks during the 20s
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Many people used credit to invest, and some companies they invested in were worthless.
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1930s The 1930s were times of great depression resulting in sweeping changes.
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A quarter of the working force, or 13 million people, were unemployed
in 1932, and this was only the beginning.
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Many companies went out of business, and by 1933, one out of every four people in America had lost his or her job.
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Financial institutions collapsed
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Some people starved trying to find work, while others did all they could to just hang on a little longer. Some could only find food in soup lines.
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Dust Bowl
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Black Sunday April 14, 1935. The dust storm that turned day into night
Black Sunday April 14, The dust storm that turned day into night. Many believed the world was coming to an end.
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April 14, 1935 20 storms occur in Dust Bowl region Day turns into night
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Effects on Farmers No viable crops No income Foreclosures
Health problems
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Migrants “Okies” Looking for farms out West Riding the Rails “Hobos” Single men looking for work
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Bonus Army March
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Direct Relief
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During the Great Depression the overall un employment rate was about
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