THE GREAT DEPRESSION

THE CRASH

• In October 1929, stock prices fell, and billions were lost
• The banks had large loans out that couldn't be liquidated
• People sold over 12 million stocks in fear of falling prices
• The crash caused businesses everywhere to fail
• Once lucrative businesses were suddenly worth nothing

FAMILIES

• Many families split up, as teens went off in search of jobs
• Unemployment rates skyrocketed to 30%
• Wages plummeted
• Shanty towns were towns made of cardboard and paper
• Shantytown were dirty and unhealthy

THE NEW DEAL

• Many farming programs gave credit for seeds, land, animals etc.
• Through farming programs aid was given to many workers
• Public work programs created thousands of jobs
• National parks were created, electricity run through cities etc
• The New Deal helped people get back on their feet