The Great Depression: Economic Crisis Of The 1930s
The Great Depression
The Great Depression is known as an economic crisis of the 1930s, it happened on a Tuesday of October 29th, 1929 many call it Black Tuesday and it lasted until the early 1940s. The stock market crashed and the value of an item costing 25 cents, now costs 2$ and many people couldn’t afford to keep the luxuries of things they wanted. Banks went out of business because people would rush to their banks and take their savings in hopes of not losing all they had invested in their stocks. Large amounts of people lost all of their savings and went bankrupt, most would sell anything they could on the streets, some would sell fruits or vegetables for 5 cents in times square trying
to make any cent they could.
Workers hours got shortened and they couldn’t afford to provide for their families, lots of workers got let go and millions were left without jobs resulting in families becoming homeless. President Hoover created Hoovervilles, they were small shelters made out of cheap wood to those who could not afford to provide for themselves and there were soup kitchens for those who were in need of food, also food coupons were for certain amounts of food a family could have at that time. Mothers would make due with whatever they had and make their food last as long as possible.
By the early 1940s the Great Depression was coming to an end, many men were needed to fight in war and their absence left women to work. At the end of the Great Depression it mainly was put to an end because of World War II. People say that Franklin Roosevelt was the reason for the Great Depression ending after being President for 5 years he developed programs and sent troops to World War II that allowed more job opportunities for the women, children even started to work as well. Factories were opened to the women to make materials and gear for the war, women made things such as uniforms, blankets, and even weapons. In this time women were having to become more independent and provide for there families.
The Great Depression is known as an economic crisis of the 1930s, it happened on a Tuesday of October 29th, 1929 many call it Black Tuesday and it lasted until the early 1940s. The stock market crashed and the value of an item costing 25 cents, now costs 2$ and many people couldn’t afford to keep the luxuries of things they wanted. Banks went out of business because people would rush to their banks and take their savings in hopes of not losing all they had invested in their stocks. Large amounts of people lost all of their savings and went bankrupt, most would sell anything they could on the streets, some would sell fruits or vegetables for 5 cents in times square trying
to make any cent they could.
Workers hours got shortened and they couldn’t afford to provide for their families, lots of workers got let go and millions were left without jobs resulting in families becoming homeless. President Hoover created Hoovervilles, they were small shelters made out of cheap wood to those who could not afford to provide for themselves and there were soup kitchens for those who were in need of food, also food coupons were for certain amounts of food a family could have at that time. Mothers would make due with whatever they had and make their food last as long as possible.
By the early 1940s the Great Depression was coming to an end, many men were needed to fight in war and their absence left women to work. At the end of the Great Depression it mainly was put to an end because of World War II. People say that Franklin Roosevelt was the reason for the Great Depression ending after being President for 5 years he developed programs and sent troops to World War II that allowed more job opportunities for the women, children even started to work as well. Factories were opened to the women to make materials and gear for the war, women made things such as uniforms, blankets, and even weapons. In this time women were having to become more independent and provide for there families.