The Great Depression

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Last updated 4 years ago

Discipline:
Social Studies
Subject:
American History
Grade:
8

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The Great Depression

The Stock Market Crash Prices of stocks increased between May 1928 and September 1929. Soon after the doubling of the stocks, they began to descned. During this same event six million shares of stock changed hands. Both events taking place caused a loss of four billion dollars. On October 29, 1929 the stock market completely crashed.

The Great Depression

Several events lead up to the 12 years of economic decline and social catastrophe we call The Great Depression. Two things that lead to The Great Depression was the stock market crashing and overproduction.

President Herbert Hoover and President Franklin D. Roosevelt were the two presidents during The Great Depression.

Churches and private charities set up soup kitchens for the hungry and jobless

Before the Great Depression Congress approved a bonus to be given to every veteran who had fought World War I. Veterans who were left in stricken from the depression demanded their bonus immediately.

During The Great Depression jobs were scarce, and money often split families apart.

Overproduction Overproduction was a situtation in the Great Depression in which the supply of manufactured goods exceeds the demand. Industries were producing more than people would want or afford.

In the end, the Great Depression was a very difficult time that called for desperate measures...


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