During the Great Depression‚ when America was in crisis‚ a young baseball player Babe Ruth caught the American people’s attention. The morale of the American people was down. In 1929‚ the stock market crashed. Between 1930-1933‚ forty percent of the nation’s banks failed. Eventually‚ 8.02 million American people were unemployed. Shanty towns and shop kitchens became common sights. The american people needed a distraction from daily life and one baseball player was that. Babe Ruth was an inspiration
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stopped over looking it. The great depression led to unemployment and factories being shut down. The Great Depression was in the 1920s when the stock market crashed. During the depression there were a quarter of teens in the country living on the streets by themselves. It started because people wan ted to sell more than buying. They needed to even it out the process. This led to people becoming unemployed‚ not able to find work‚ losing their houses then eventually becoming homeless and forced to live
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30.1 Introduction | -In the 1920’s‚ many people were investing.-As more and more people put money in the stock market‚ prices of shares kept rising.-On Tuesday‚ October 29‚ 1929‚ a day still remembered as Black Tuesday‚ stock prices plunged.-Stocks lost their value because many people wanted to sell their shares but every few people wanted to buy.-The stock market crash was a key cause of the Great Depression‚ but it was not the only cause. | 30.2 A Shaky Stock Market Triggers a Banking CrisisA
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The Great Depression was an economic crisis that put millions on the streets. The Great Depression happened when the stock market crashed as an effect‚ thousands of people lost their jobs‚ houses‚ cars‚ and more. The Great Depression lasted a long ten years from 1929 till 1939. The United States was in a place of financial despair and families were greatly affected by the struggling economy. Families were in desperate need of help during this time. The difficulties people had were things like‚ finding
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may be said for having it on a heroic scale”. Or “This is the rite of the meeting which is called not to do business but to do no business.” And haven’t we all been in one of those. There is the dismantling of myths‚ particularly the myth of the streets of New York piled high with the crumpled corpses of financiers who had thrown themselves from the still gaping windows of
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People used credit to by huge amounts of tock 1929‚ the stock matket crashed A wiedespread loss of jobs and saving Many companies closed In 1932‚ industrial production was only at 58% of the 1929 level‚ the second lowest level in the world after the United States. Total national income fell to 55% of the 1929 level‚ again worse than any nation other than the U.S Called dirty 30’s due to Canadas heavy reliance on raw materials‚and farm exports‚ combined with ehe deflation of the Prairies due
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the destruction the Civil War caused. Along with society trying to get back on their feet‚ blacks had their freedom but had nowhere to go. Although President Johnson was not a strong leader‚ he had to come up with a reconstruction plan to help the blacks to integrate into society. The blacks still suffered from discrimination‚ black codes‚ Ku Klux Klan lynching‚ and they had to be segregated. Political blacks won the right to vote‚ but‚ they were harassed‚ killed‚ threaten‚ and had to take a voting
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One of the most critical economic periods in the United States history was the Great Depression‚ which occurred in between the two world wars. A majority of the U.S. citizens did not know much about the Depression. The only information that they knew was what they read from textbooks. For instance‚ some of the material they read described the causes of the depression and how the whole country would be affected. Many citizens never really had to face the hardship like others were forced to face. People
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steps toward bring America out of The Great Depression. Programs such as the FHA allowed people to get housing and insure mortgages. Some parts of The New Deal were not successful. New Deal programs often discriminated against blacks. The FHA refused mortgages to many blacks. Even though the program discriminated it helped bring America out of The Great Depression. The New Deal Programs also cost the government a lot of money. Even though the programs cost a lot of money it was worth it to get
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end of poverty became known as the American Dream; however‚ this foresight was shortly lived. On Tuesday‚ March 26‚ 1929‚ the Hoover Administration saw the largest stock market crash of their administration to that date. Several months later brought Black Monday‚ the largest stock market crash in American history and the cardinal cause of the Great Depression. The Great Depression is one of the single most important events in the financial history of the United States and the world; the effects of and
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