The Great Depression by Jeremy Wiles https://padlet.com/jeremywil5027/7iazccphtnpa this is during the time of the great depression en-us 2017-05-01 16:53:43 UTC 2017-05-03 17:34:20 UTC hello@padlet.com The stick market crash jeremywil5027 https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169232098
The crash began on October 24, 1929. This day came to be known as black Thursday. immediately fell 11 percent, signaling a stock market correction. Trading was triple the normal volume. Wall Street bankers feverishly bought shares to prop it up. The strategy worked. By the end of the day, the Dow was down just 2 percent.
 The Dow fell 12 percent to 230.07. Panicked investors sold just 2 days later which is Black Thursday 
]]> 2017-05-01 17:12:44 UTC https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169232098 Bank and Business Closings/Failures jeremywil5027 https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485663 The run on America’s banks began immediately following the stock market crash of 1929. Overnight, hundreds of thousands of customers began to withdraw their deposits. With no money to lend and loans going sour as businesses and farmers went belly up, the American banking crisis deepened.
After taking office in March 1933, Franklin D. Roosevelt did his best to shore up the flagging banking system. When a third banking panic in less than four years threatened, he announced a three-day bank holiday to stop the run on banks by halting all financial transactions. When the banks were allowed to reopen, nearly 1,000 banks had been saved.
]]> 2017-05-02 16:57:16 UTC https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485663 Society impact jeremywil5027 https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485720 The Great Depression brought a rapid rise in the crime rates  as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition.Higher education remained out of reach for most Americans as the nation's universities saw their student bodies shrink during the first half of the decade. High school attendance increased among males, however. Because the prospects of a young male getting a job were so incredibly dim, many decided to stay in school longer. However, public spending on education declined sharply, causing many schools to open understaffed or close due to lack of funds.]]> 2017-05-02 16:57:28 UTC https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485720 Dust bowl jeremywil5027 https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485837 The Dust bowl, also known as the Dirty Thritys , was a period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930's
The Dust Bowl forced tens of thousands of families to abandon their farms. Many of these families, who were often known as Okies because so many of them came from Oklahoma, migrated to California and other states to find that the Great Desperation had rendered economic conditions there little better than those they had left.
]]> 2017-05-02 16:57:49 UTC https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485837 Role of the government and the people jeremywil5027 https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485971 It became the government's job to take care of the people. The president's role was to be fatherly provider. This also gives the government power- now they directly employ and provide for people. Government controls create problems, but the response is almost never to get rid of the problematic controls. Instead, it’s to pile new controls on top of old ones, which inevitably creates even more problems.


]]> 2017-05-02 16:58:13 UTC https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169485971 The cause and effect jeremywil5027 https://padlet.com/jeremywil5027/7iazccphtnpa/wish/169486075 The stock market crash led to unprecedented runs on banks, and by 1933, more than 11,000 of the nation’s 25,000 banks had failed.
 Franklin D. Roosevelt’s New Deal is largely credited with bringing America out of the Great Depression by providing jobs and relief, but in truth, the country didn’t fully recover until 1941, when munitions and ammunition factories geared up for World War II.That means the Great desperation timeline spanned approximately twelve years, with unemployment reaching its highest point in 1933, when 25% of American workers were idle. Photos of the Great Depression depict harsh conditions, for men, women, and children.
From 1930-1936, American farmers struggled with conditions of the Dust Bowl, a drought that affected more than a million acres of farmland, and the result was mass migrations of people from rural lands to urban areas.
As we face tough economic times today and economic stimulus packages are being introduced right and left, it’s interesting to look at then and now Great Depression comparisons.
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