The great depression in America

How Did The Great Depression Start?

The depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929, known as Black Tuesday. The Great Depression had devastating effects in countries rich and poor.

What is the Great Depression

The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.

What happened?

• Farmers lost farms
• Many people lost homes
• Thousands died from disease
• Rich became poor
• People sold homes for money

What happened

• Poverty became a large problem
• Kids lost the right to education
• People lost jobs
• Banks closed down
• Business's closed down

Now and then

Speculation: Speculation on stock led to the historic stock market crash in 1929 that brought on the Great Depression. Speculation on housing prices in 2003-2007 brought on the current recession. As of April 2008, the top 26 cities with the highest foreclosure rates in the country were all located in just four states: California, Arizona, Nevada, and Florida. For years, these states enjoyed double-digit increases in housing prices, leading to a housing bubble that was bound to burst.

Dust Bowl

Dust Bowl in the 1930s: Drought conditions in the 1930s brought farmers in the Plains to their knees when millions of acres of farmland were rendered useless. This environmental catastrophe contributed to the failure of banks during the Great Depression (many of which had outstanding farm loans that went bad) and led to high unemployment rates as farmers lost their livelihood. So far, America hasn’t experienced a comparable natural disaster

How many died

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