Due to the loss of their own capital in either the Stock Market Crash or bank closures, many businesses had to begin cutting back their workers' hours or wages and had to lay people off. As a result American citizens lost their jobs and money was scarce, families were starving, homes were being foreclosed on, and families lacked sufficient food and clothing due to the lack of goods. Unfortunately, during the Great Depression, the Great Plains also were hit hard with both a drought and terrible dust storms, creating what became known as the “Dust Bowl”, small farmers were hit especially as hard. While already in debt and struggling financially before the economic crisis farmers had to borrow money from banks for seeds and paid it back when their crops came in. When the dust storms damaged the crops, which meant farmers could not feed himself and his family, he also could not pay back his debt to the government and banks.
An incredibly devastating time for many Americans, the early 1930s introduced the country to the nightmare that was the Great Depression. Sparked by the Stock Market Crash that took place on Monday, October 19, 1929, the Great Depression was the most severe economic downturn in American history. On that infamous Monday alone, investors lost 14 billion dollars and by the end of the year their losses had tripled. In the 1920s, it was estimated that four to five banks opened up around the country on a daily basis.
Great Depression DBQ Write Your Essay Here: (Be sure to BOLD your document #’s and highlight outside information) After the stock market crash of 1929, America went into a severe financial crisis known as the Great Depression. During this Great Depression, about 75% percent of American Families lived in poverty, and 25% of people lost their jobs and became unemployed. During this time, many banks went out of business too because people demanded their money back due to the Stock Market Crash. This caused a huge economic banking emergency.
Because of economic changes, farmers wanted the US government to to ﬁx their problems through currency changes. After slavery was abolished with the Emancipation Proclamation and the government focused on rebuilding America’s infrastructure, prices for many crops began to drop. Across the nation, farmers began to lose money. In addition, this drop in prices only applied to crops, and not to the other services like shipping and transportation, which remained high. Farmers continued to lose proﬁts until 1892, when a depression sent many farmers into deep debt.
Imagine it's October 28, 1929, living a lavish lifestyle, owning a mansion, sailing on a 100 foot yacht every weekend, and having what seems like unlimited money that can be spent on anything at anytime. Then, all of a sudden, October 29, 1929 comes. The stock market crashes, banks are closing everywhere, and personal possessions are being foreclosed upon. The greatest economic downfall in the history of the United States has just began. This would become known as the Great Depression, which suited the time period between 1929 and 1941 perfectly.
Dust Bowl and Economics of the 1930s The Dust Bowl was a very desperate and troublesome time for America. The southwestern territories were in turmoil due to the arid effect of the drought causing no fertile soils. As the rest of America was being dragged along with the stock market crash and higher prices of wheat and crops since the producing areas couldn't produce. This was a streak of bad luck for the Americans as they were in a deep despair for a quite some time.
Farm and ranch working has always been around and cheaply available by, migrant workers during the Great Depression and now with immigrants trying to get hired at the farms. Now while the times of both are different with migrant workers existing around the 1930s and the modern immigrants from Mexico, both jobs they get hired at show many similarities. In farms from the 1930s they often picked up desperate workers for cheap pay, as for now it isn't much different. Immigrants who successfully crossed the Mexican borders without getting caught by border control are often hired at farms and ranches. With the measly pay the immigrants receive, the can hardly afford paying a babysitter to care for their children.
The history of migrant farm workers in California has changed extensively over time, especially under the influence of outside factors such as war and the desire to emigrate. Migrant workers, not just farm workers, have been involved in various occupations, from fishing to forestry, yet the agricultural field remains the most common (“Migrant Farm Labor”). Agricultural activities were once performed by Native Americans before Europeans established a colonial presence. During the existence of slavery in the U.S., it is believed by environmental historians that slaves applied their techniques in agriculture to those of American techniques, allowing them to rise against their owners with a better understanding of the landscape of the plantations
The Great DepressionTopic: the great depressionQuestion: How did the great depression affect americans?Thesis statement:The great depression affected americans because it destroyed their economy. Millions of families lost theirs savings as many banks collapsed in the 1930’s. The Great Depression was the worst economic drop of all times in the industrial world1. The Great Depression began because of a stock market crash in 1929 and came to end ten years later in 1939, around 15 million americans were unemployed and about half of the American banks failed. It was one of the darkest era in the United States.
What Caused the Great Depression? The Great Depression was a devastating tragedy that changed our economy. In the U.S, the Great Depression shortly happened after the stock market crash in 1929. This sent Wall Street into a great panic and wiped out millions of investors.
America’s Diverse Population In the nineteenth century, rates of immigration across the world increased. Within thirty years, over eleven million immigrants came to the United States. There were new types of people migrating than what the United States were used to seeing as well. Which made people from different backgrounds and of different race work and live in tight spaces together; causing them to be unified.
Uriah Cade Mrs. Ingles Honors English 11 26 March 2018 The Importance of Agriculture in the 1930’s In the 1930’s The United States of America had a time of growth in agriculture even in the face of the Great Depression. The Depression caused many farmers to foreclose on farms (Reis 68).
Throughout history, the responsibilities of men have changed. Agriculture, for the most part, is and has been a male dominated profession. However, advances in technology have completely changed many of the tasks and responsibilities farming. The 1930’s was a difficult time for all people in the, but it was a devastating time for farmers.
America had experienced other depressions or “panics,” but none were like the Great Depression. The Great Depression began on October 29, 1929, Black Tuesday, with the stock market crashing. Most people believe that the cause of the Great Depression was the stock market crashing. Although that is what triggered the Great Depression there were many underlying causes that lead up to the stock market crashing. Some of the underlying causes include under-consumption/over-production, uneven distribution of wealth, loose banking and corporate regulations, tariffs policies, and the stock market.