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Credit
Credit became a factor in the money business because so many people never payed back to their Creditor's. Greed took over people's minds. -
The 1920's
In 1929, more money was spent on advertising than education. -
Herbert Hoover
Hoover is the 31st President of the U.S. A lot of people in the U.S. blamed him for the Crash. -
The Crash
Poverty Spreads and Dust bowl's hit the great plains. Multiple people was unemployed and homeless. Crop prices falls and loans for land create debt to farmers. -
Unemployment
Unemployment in the U.S. went from $4 million (1930) to $12 million (1932) -
Banks
In the last 60 days of 1930, over 600 banks closed nationwide. -
Dust Bowls
Since Dust Bowls were like storms but with dangerous dust particles and it was really dark and cloudy at that, 250,000 people fled the Dust Bowl; though 2/3 of people followed through with storm. -
Hoover Dam
The Dam was the largest water reservoir in the U.S. Also the Dam provided 42,000 men employment. An effect it had was it allows California to produce more food than any other state in the U.S. -
The Election
In 1933, FDR became the 32nd President of the U.S. and in 1932 He promised the "New Deal," for the American People. -
Welfare Programs
In 1935, Social Security and The Wagner Act: Which allows collective bargaining. -
Farmers
In 1936, U.S. Farmers were losing $25 million per day. -
The Depression in the U.S.
They say that going into WW2 would end this problem in the U.S.
