THE GREAT DEPRESSION 1929 1940
PRESIDENT HERBERT HOOVER AND THE GREAT DEPRESSION
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Hoovervilles
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neighborhoods
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Hoover Wagons
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clubs
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Detailed explanation-1: -Banks failed-between a third and half of all U.S. financial institutions collapsed, wiping out the lifetime savings of millions of Americans. The familiar narrative of the Great Depression places banks among the institutions that suffered fallout from the crisis.
Detailed explanation-2: -More important was the impact that it had on people’s lives: the Depression brought hardship, homelessness, and hunger to millions. THE DEPRESSION IN THE CITIES In cities across the country, people lost their jobs, were evicted from their homes and ended up in the streets.
Detailed explanation-3: -Economic hardship caused family breakdowns. The stress of financial strain took a psychological toll-especially on men who were suddenly unable to provide for their families. The national suicide rate rose to an all-time high in 1933. Marriages became strained, though many couples could not afford to separate.
Detailed explanation-4: -What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.