Great Depression

by ashleyg77
Last updated 7 years ago

Social Studies
World & Ancient History

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Great Depression

Leadership changed throughout the Great Depression. In 1929 when the depression began, the president was Herbert Hoover. But in 1933 Franklin D. Roosevelt was elected as the new president of the U.S.

The Great Depression in the United States

On October 29,1929 the stock markets crashed. Thousands were struggling to sell their stocks before they were completely worthless and banks were beginning to fail.

After the stock market crashed, hundreds of people lost their homes and jobs. Many were forced to migrate in earch of work.

During his term, Franklin Roosevelt created many new programs to help start up the economy. There were camps created for young people to work in national parks and many found jobs in making bridges and roads.

Although the Great Depression economicaly devastated the U.S., capitalism remained the national form of economy



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