the great depression.
Storyboard Text
- New appliances at a low price thanks to credit. Satisfactory.
- Credit / Installment Plans
- Vacuum Cleaners! $24.99!
- Stock Market Crash
- Current Stock Prices
- My stocks have failed me.
- Hoover's "Response"
- Hoover' seriously not gonna help us out of this poverty! Him and this "rugged individualism"...
- The introduction of Credit / Installment plans led to people buying items that would've been considered luxuries otherwise. Though, people ended up accumulating debt they couldn't pay back.
- Hoovervilles
- I'm in so much debt... No food... and I have to live in this run-down house. This is the "land of the free"?
- In October 1929. The stock market crashed. This caused many to lose money, especially those who bought "on margin".
- Bread Lines
- Much to the outrage of many Americans, Hoover notoriously need nothing to remedy the situation during the Great Depression.
- FDR's Response
- That Roosevelt guy sounded promising! Things are looking up!
- Because of all the poverty, most had to make shantytowns that were called "Hoovervilles" because of Hoover's abstinence to helping the suffering Americans.
- Bakeries were handing out free bread to the Americans that (obviously) needed it. Some didn't get any. It was only until supplies lasted. Which wasn't very long.
- FDR's "New Deal" was meant to actually remedy the American's financial situations.
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