The Effects of the Stock Market and the Great Depression on the U.S.
Homelessness - People would buy it on credit, Many loans were foreclosed
Starvation - No money to buy food
Dumpster Diving
Unemployment was at an all time high, 25% 1/3 in Europe
Stock Market - Banks invested money in the stock market
Bank Failure - World Trade fell
One big cause
1933, Over 140 Billion Dollars were lost
40% of Banks collapsed
President Hoover = RFC gave 2 billions wo small government and loans to banks
Agricultural act of 1929
FDR - 32nd Prezidente Better than Hoover
He served 4 terms 16 years
People Person
New Deal - Helped businesses and banks
Focused on Relief Recovery and Reform
Homeonwers Loan Corporation - Prevented Forclosure
Refinanced home morgages
Federal Emergency Relief Administration
Provided assistance to the unemployment and their families
Comments