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the most devastating stock market crash in the history of the United States The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries
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was the deepest and longest-lasting economic downturn in the history of the Western industrialized world.it began soon after the stock market crash of October 1929
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stock market crashed This day a recordbreaking crash on the New York Stock Exchange begins several weeks of market panics.
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The first bank panic ensues causeing bankruptcies
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ore than 3.2 million people are unemployed, up from 1.5 million before the October, 1929 crash
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severe drought and dust bowl conditions began to ruin farmers land.
Intersesting fact about the Dust Bowl -
Food riots broke out, workers marched on Detroit and foreign workers were deported
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congress establishes the reconstruction finance corporation. The is allowed to lend 2 billion to banks, insurance companies, building and loan associations, agricultural credit organizations and railroads
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he became the 32 U.S. president in 1933 was the only U.S. president to be elected four times
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many workers look for jobs traveled by themselves This way they only had themselves to look after and so nothing stands in their way when they decide to move to another job
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The amount of unemployed workers was on the rise. People couldn't find jobs to support their family and factories couldn't take on anymore workers due to their shortages too.
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after the bombing of pearl hharbor, the U.S. entered World War two This meant their were more job opportunities for the unemployed because supplies needed to be made to help the soliders
