Great Depression
Storyboard Text
- FOR SALE
- Does anyone have any food they can spare, anything?
- Get in line maybe you'll get something
- No, sorry try back here tommorow!
- Any jobs avaliable today?
- Yeah, anything for us too?
- Many farmers and their families faced foreclosure on their farms due to dust bowls, many weren't able to produce crops due to it. Effecting their whole livelihoods meaning many could no longer afford to pay for their land.
- What are we going to do we can't stay here forever? You need to find some kind of work.
- Welcome To Hooversvilles
- With the loss of money many people could no longer afford the basic essentials needed to survive, which is why bread lines were created. These bread lines were lines of people waiting to recieve free food many would even wonder aimlessly begging for any food anyone was willing to spare.
- Oh no! What do we do?
- Market Black Tuesday! Crash
- During this time period many opportunities for work or to make money were scarce. One way people tried to get work was by going to public work areas to hopefully get chosen for work that day. However, many times there were hundreds of seekers lined up for jobs.
- We just don't have anymore money. I'm sorry we can't give you your money.
- How could you run out of money? That was our money!
- We have no more money!
- Because lots of people lost their homes throughout this time period they had to find temporary housing. The government tried helping by creating war housing near military bases and industrial plants to help during this time. There were little towns called Hooversvilles that helped house unemployed families that people could stay.
- The stock market crashes insuing what is called Black Tuesday almost $16 billion total losses. This crash was caused by an overproduction in many industries. This led to an oversupply of steel, iron, and durable goods. When these products weren't in high demand anymore manufacturers sold them at a loss which caused share prices to begin to drop.
- Lastly, another tragedy that happened during the Great Depression, was the closing of banks. When many got wind of this news they all ran to take their money out so they didn't lose it and this was called a bank run or bank panic. Many were taking out all of their money, but weren't able to pay it back therefore banks had to get loans that ended up failing.
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