The Great Depression
Lasted from 1929 through late 1940s
Caused by inflation, too much money increased prices
---October 27, 1929 stock market crash
3.2 or 24.9% were unemployed
---Farmers were strongly affected in 1930 drought caused problems
minorities were forced from jobs to give jobs to whites
Hoover didn’t help much, FDR came and fixed problem
Britain already had a large employment rate
1933 over 5,000 banks had closed
---FDR said, “We have nothing to fear but fear itself”.
Caused by inflation, too much money increased prices
---October 27, 1929 stock market crash
3.2 or 24.9% were unemployed
---Farmers were strongly affected in 1930 drought caused problems
minorities were forced from jobs to give jobs to whites
Hoover didn’t help much, FDR came and fixed problem
Britain already had a large employment rate
1933 over 5,000 banks had closed
---FDR said, “We have nothing to fear but fear itself”.