MAST HSUS HIS – Period 4Ms. Richardson

Effects of the Great Depression

1920s Economic Boom BUT… Problems DEPRESSION•mass production

•new consumer products

•“bull” market

•overproduction

•credit buying

•stocks bought “on margin”

•unequal prosperity

•businesses can’t pay debt

•stock market crashes

•“bank runs”•people lose their savings

•businesses fail

•unemployment

Unemployed men on a bread line in Chicago, 1931 (photographer unknown).

A Hooverville in Central Park, 1932 (photographer unknown).

A bank run in New York, 1931 (photographer unknown).

Bank Runs

“Farmer and Son walking in the face of a dust storm,” 1936 Cimmaron County, Oklahoma (photographer Arthur Rothstein).

“A Migrant Family in California’s agricultural region March, 1935” (photographer Dorothea Lange).

“Jobless Men Keep Going”(Photo by John E Allen).

“Forgotten Women,” unemployed and single, in job demand parade” (Telegram staff photo, 1933).

Effects of the Great Depression

• bank failures• unemployment• homelessness• bread lines• Hoovervilles

• Dust Bowl• migration• Okies

- The Depression affected both urban & rural communities.