The Great Depression
Storyboard Text
- On October 29, 1929, the stock market crashed. This caused the price of stocks to go down by 11% and for a loss of 2%.
- Wall Street:Sorry it crashed :/
- By 1930, about 1.5 million people lost their jobs. President Hoover put money into farmers to help lower the cost of food products. However, he did not expect a drought to hit them. In 1931, people were struggling to get food, they ultimately chose violence to steal food from places. One of the biggest banks in America failed, which made President Hoover close the banks.
- Franklin D. Roosevelt was elected president in the 1932 election after proposing a New Deal that would help the economy. During the first 100 days in office, FDR introduced numerous acts that would help boost the economy. Though the dust storm continued on, the unemployment rate was going down. FDR created the Works Progress Administration in 1935 to help elderly and people with disabilities to receive money.
- FDR was elected for a second term in 1936. During this one he had to cut spending on the New Deal. The next year the economy started to grow.
- 1st day of my second term!!
- Economic Growth
- World War 2 has started. Ourdefense budget has been increased....
- ...oh and we have joined World War 2.
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