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DURING THE 1920SX,
DURING THE1920S, THE AMERICAN NATION WAS ENJOYING PROSPERITY -
PRICES
PRICES WERE UP; THE NEW YORK STOCK MARKET WAS BOOMING, -
the good 1920,s
The good times of the 1920,s came to anend in october 1929 when the NEW YORK STOCK MARKET CRASHED -
When it started
The great despression (1929-39) was the deepest and longest - lasting economic downturn in the history of the western industrial world. -
Though the relief
THough the relief and reform measures put into place by president franklin D. ROOSEVELT helped lesson the worst effects of the great depression in the 1930,s,the economy would not fully turn around until after 1939, when world war II kicked AMERICAN industry into high gear. -
DESPITE WARNINGS
DESPITE WARNIGS THAT THERE WAS TOO MUCH SPECULATION ,MANY PEOPLE CONTINUED TO BUY STOCKS WITH BORROWED MONEY -
THE VALUE
THE VALUE OF STOCKS SUDDENLY DROPPED TO ALMOST NOTHING -
BANKS
MANY BANKS FAILED , AND PEOPLE LOST THE MONEY IN THIER ACCOUNTS -
THREE GOALS
THE FIRST WAS RELIEF FOR PEOPLE WHO NEEDED FOOD AND SHELTER -
SECOND ONE
THE SECOND WAS RECOVERY TO LIFT THE COUNTRY OUT OF THE ECONOMIC RECESSION AND PROVIDE JOBS -
LABORS
LABORS DID NOT HAVE THE MONEY TO BUY THINGS -
THE CIVILIAN CONSERVATION
THE CIVILIAN CONSERVATION CORPS PUT UNEPLOYED YOUNG MEN TO WORK. -
IMPROVED
THEY IMPROVED ALABAMA,S STATE PARKS, BUILDING HIKING TRAILS, ROCK WALLS, LAKES, AND PINCNIC AREAS. -
THE FISRT GOAL
THE FIRST GOAL WAS TO PROVIDE JOBS -
THE SECONDED
THE SECOND ONE PROVIDE FOOD AND SHELTER -
CHILDREN
THE CHILDREN HELPED BY GOING TO SCHOOL AND BY BAGING GUNPOWDER
