The Great Depression was one of the worst Economic Failures in United States History. In 1929 the Unemployment went to it’s lowest point before the Wall Street crash. On October 28 1929 the Stock market Crashed resulted in a total of $30 Billion Dollars with 14 Billion being lost on October alone causing many of the businesses to go Bankrupt or lead to a downsize of their company 's . By 1930 Unemployment reached 8.9% average for the year causing many people to stealing or starving to death. In the June 17, 1930 The Smoot-Hawley Tariff was passed to attempting to protect American Businesses and Manufacturing from Foreign competition.
The Dust Bowl delivered a crazy drought to the fields of the Great Plains and crushed the economy during the Great Depression. Massive dust clouds destroyed just about everything from crops, farms, and the lives and jobs of thousands of farmers. This resulted in even more economic despair during the Great Depression. The Dust Bowl happened in the 1930s in the Great Plains due to farmer’s poor cultivation techniques. Although the farmers cultivation options didn 't work, the federal government really helped them out with after five years went by.
The effects of this were detrimental and quickly lead us into a depression, and not only for America, but around the world as well. Our unemployment rate had been as high as 25%, and for other countries rose to 33%. Every industry was affected by this depression one way or another. The president of the United States at the time of this economic collapse was President Herbert Hoover. He recognized that Americans
Five days later, the day known as “Black Tuesday”, another 16 million shares were traded. After multiple waves of panic, and the wake of the stock market crash, production slowed to an alarming level. For the next few years the United States experienced a drop in consumer spending and investment, which caused a decline in industrial output and a steep rise in unemployment. Factories and other businesses were forced to lower wages and fire several employees. By 1933, thirteen to fifteen million Americans were unemployed, and nearly half of the banks throughout the country failed.
In sum, many Americans and migrant workers suffered immense poverty. Moreover, the great depression displaced the American family due to unemployment, poor weather conditions, and ineffective federal aid. Supporting a family is complicated as it is and with the great depression at its highest
(History.com staff) “2.5m people fled the areas that had been affected by the dust bowl”. Because of all the debris, it was hard to even breathe in that area. “Dust clouds rose as high as 10,000, making it impossible for people to live there”. The dust clouds not only were super big, but took a long time to go by too. “Drought struck from 1934 until 1937 there was a drought, so there was no water for the families”.
The Dust Bowl Introduction Theodore Roosevelt said, “When you’re at the end of your rope, tie a knot and hold on.” The Dust Bowl was a very bad time for the United States because it was also during The World’s War and the United States was also already in a bad state with the Great Depression going on. The Dust Bowl was a time of economic hardship because people did not know how to stop the problem, people were losing land, the government did not know how to stop the Dust Bowl. Dry Conditions The Dust Bowl was started by farmers growing wheat crops. The reason the dust storms came was because of the wind (Worster, 2017) . The soil was very dry and was cracking from the grass being taken away the grass was holding the earth together.
Economic downfall was the effect of the stock market crash that encouraged the cause rapid increase in bank credit and loan. Unemployment rate was squatter of the people were unemployed (Doc C). During 1915 and 1935 about 4000 bank were suspended
This destruction was the dust bowl of the 1930’s. The dust bowl was a man-made and natural disaster that devastated America and messed with millions of lives. To begin the dust bowl lasted for many years. To follow, Farmers plowed fields when there was no water and dried up the land, the crops took all the water, and the drought killed crops. Furthermore, One-third of people lived on farms, they were being kicked of the land because WW1 made the prices fall, and raised how many crops were made.