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Stock Market Crash
The crash of the stock market was when the stock market began to decline and continued to decline. The crashing of the stock market was a key event in the Great Depression. Many people lost everything because they had all of their money in stocks. -
Banks started to fail
People withdrew their money from the banks so they would not lose their money. This was an important event because many people took out loans for the stock market and then could not pay them back when it crashed. This also led to banks being banned from putting depositors' money into the stock market. -
Unemployed people sold apples
Two million people were unemployed during the Great Depression. Many of these people tried to sell apples for five cents each on the city sidewalks. This was important because the people were trying to make money to support their family. -
Hoovervilles were started
Hoovervilles were make shift camps that the homeless people lived in during the Great Depression. During the Great Depression there were 2 million homeless people in the U.S. This was important because the homeless people had a place to live and many people were unemployed with no money. -
The Dust Bowl
The Dust Bowl was a time period in the 1930s when huge dust storms came across the Great Plains. Crops were covered in dust and animals died. This was an important event because many farmers and other people had to leave the area because their crops and animals were gone so they could not make any money. -
FDR elected President
FDR was elected President during the Great Depression. He won the election against Hoover by a landslide. He was important during the Depression because he set up programs to help the unemployed, reform business, and help the economy. -
Minimum wage is set in the U.S.
In 1938, the President signed the Fair Labor Standards Act. This act set minimum wage for workers. This was important because workers used to work many hours and get paid a very little amount and the act guaranteed them a certain amount of money. -
The end of the Great Depression
The Great Depression ended around the late 1930s and the early 1940s. The Great Depression ended when World War II began. It was important because the U.S. economy was recovering and it was about to enter another war.
