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DURING THE1920S, THE AMERICAN NATION WAS ENJOYING PROSPERITY
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PRICES WERE UP; THE NEW YORK STOCK MARKET WAS BOOMING,
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The good times of the 1920,s came to anend in october 1929 when the NEW YORK STOCK MARKET CRASHED
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The great despression (1929-39) was the deepest and longest - lasting economic downturn in the history of the western industrial world.
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THough the relief and reform measures put into place by president franklin D. ROOSEVELT helped lesson the worst effects of the great depression in the 1930,s,the economy would not fully turn around until after 1939, when world war II kicked AMERICAN industry into high gear.
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DESPITE WARNIGS THAT THERE WAS TOO MUCH SPECULATION ,MANY PEOPLE CONTINUED TO BUY STOCKS WITH BORROWED MONEY
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THE VALUE OF STOCKS SUDDENLY DROPPED TO ALMOST NOTHING
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MANY BANKS FAILED , AND PEOPLE LOST THE MONEY IN THIER ACCOUNTS
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THE FIRST WAS RELIEF FOR PEOPLE WHO NEEDED FOOD AND SHELTER
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THE SECOND WAS RECOVERY TO LIFT THE COUNTRY OUT OF THE ECONOMIC RECESSION AND PROVIDE JOBS
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LABORS DID NOT HAVE THE MONEY TO BUY THINGS
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THE CIVILIAN CONSERVATION CORPS PUT UNEPLOYED YOUNG MEN TO WORK.
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THEY IMPROVED ALABAMA,S STATE PARKS, BUILDING HIKING TRAILS, ROCK WALLS, LAKES, AND PINCNIC AREAS.
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THE FIRST GOAL WAS TO PROVIDE JOBS
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THE SECOND ONE PROVIDE FOOD AND SHELTER
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THE CHILDREN HELPED BY GOING TO SCHOOL AND BY BAGING GUNPOWDER
