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THE GREAT DEPRESSION: WHAT IS GOING ON IN THE WORLD ECONOMICALLY By: Nurjahn Telfer, Talissa Montalvo, Justin Valentine
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African Americans from new York city Harlem raised money through "rent parties”. Urban people did competitions to earn money such as races, pre-eating contest, and dance marathons Families began to update their homes with electronic irons, washing machines, refrigerators, And other objects that helped Ketchup mixed with a cup of water was tomato soup HOW DID PEOPLE MAKE ENDS MEET?
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Black unemployment increased to 50%-90% African American woman held the lowest positions with least pay 1938, new deal programs provided 30%of African Americans with a form of federal aid 1934, last large group of African Americans left republican party and joined democracy party HOW DID THE RACE FACTOR AFFECT HOW SUCCESSFUL PEOPLE WERE IN THE COUNTRY?
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1933, mortgages foreclosures were averaging 1000 per day nationwide Hoover supported homeowners passage of federal home loan bank bill July 27,1932 Roosevelt administration lobbied for additional legislation including home owners loan corporation, enacted June 13, 1933 Hole reduced foreclosure rates by linearizing financing requirement WHAT WAS THE AVERAGE HOUSEHOLD INCOME?
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The crash of stock market started in october 1929 that was caused by massive inflation of marketing Blamed continued because of the misery of the bottom American society Income fell from $87.8 billion In the 1932s to $75.7 Laid off workers because of the business dropping WHAT WERE THE MAJOR ISSUES FACING OUR COUNTRY?
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1929 and 1933, 9,760 commercial bank suspension People borrowed more than $400 million from fiduciaries Addressed the effects of the great depression on home ownership People relied on short-term loans from commercial banks WHAT IS THE MOST INTERESTING INFORMATION YOU FOUND IN YOUR RESEARCH?
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People lost there jobs so they had to live in Couldn’t buy a lot of things to eat Stock values fell from $87 to $55 billion dollars Unemployment rate soared from 3.2% to 24.5% HOW DOES THESE ISSUES IMPACT THE WAY INDIVIDUALS LIVED?
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