Overview
What Was The Great Depression?
The Great Depression, (1929-1940) was the worst economic crisis in the history of America, and the world. Within a matter of seconds, billions of dollars were lost during the stock market crash of 1929, and America plunged into deep recession that continued to grow and grow; making the living conditions for American citizens, below the poverty line. Immediately following the stock market crash, the unemployment rate in America skyrocketed to 25%, that means every one if four citizens were without a job. Not only that, but another 25% were underemployed, which meant less then minimum wage, or very little hours. Who Was Affected?
The Great Depression affected everyone, from children, to workers, to even retired grandparents, everyone was being adversely affected by the wraith of the recession. As a result of the stock market crash and loss of money, every day after banks were failing at unheard of rates. In fact about 40% of all American banks failed during the depression. This lead to the adverse effects on children and the elderly. 1 in every 2 children say they do not have enough food, or a place to live. |
Video Summary
A series of pictures and quotes that show the hardships that were relevant during the Great Depression. Some of the quotes shown throughout the video are ironic to say the least, they show how people feel about the decreasing living conditions of America and how the economy affects the people who have to suffer through it. The pictures depict the actual living conditions and trouble some people have to deal with during their day to day lives. Others show how the immediate following of the stock market crash halted America and plummet everyone into a depression. All those who were living below poverty lived in what is known as Hoovervilles. The elderly who have worked their whole lives and saved up money to retire in peace with some money to live with lost everything at the start of the depression. Again 1 in every 2 elders were living in poverty. The others who did not live in poverty still lost a lot of their hard earned cash. |