THE GREAT DEPRESSION: WHAT IS

GOING ON IN THE WORLD ECONOMICALLY

By: Nurjahn Telfer, Talissa Montalvo, Justin

Valentine

African Americans from new York city

Harlem raised money through "rent

parties”.

Urban people did competitions to earn

money such as races, pre-eating contest,

and dance marathons

Families began to update their homes

with electronic irons, washing machines,

refrigerators, And other objects that

helped

Ketchup mixed with a cup of water was

tomato soup

HOW DID PEOPLE MAKE ENDS MEET?

Black unemployment increased to

50%-90%

African American woman held the

lowest positions with least pay

1938, new deal programs

provided 30%of African Americans

with a form of federal aid

1934, last large group of African

Americans left republican party

and joined democracy party

H O W D I D T H E R A C E FA C T O R A F F E C T H O W S U C C E S S F U L P E O P L E W E R E I N T H E C O U N T R Y ?

1933, mortgages foreclosures were

averaging 1000 per day nationwide

Hoover supported homeowners

passage of federal home loan bank bill

July 27,1932

Roosevelt administration lobbied for

additional legislation including home

owners loan corporation, enacted June

13, 1933

Hole reduced foreclosure rates by

linearizing financing requirement

W HAT WAS T HE AVERAGE HOUS EHO LD INCOME?

The crash of stock market started

in october 1929 that was caused by

massive inflation of marketing

Blamed continued because of the

misery of the bottom American

society

Income fell from $87.8 billion In

the 1932s to $75.7

Laid off workers because of the

business dropping

W HAT W ERE THE MAJOR ISSUES FACING OUR COUNT RY ?

1929 and 1933, 9,760

commercial bank suspension

People borrowed more than

$400 million from fiduciaries

Addressed the effects of the

great depression on home

ownership

People relied on short-term

loans from commercial banks

W H AT I S T H E M O S T I N T E R E S T I N G I N F O R M AT I O N Y O U F O U N D I N Y O U R R E S E A R C H ?

People lost there jobs so

they had to live in

Couldn’t buy a lot of things

to eat

Stock values fell from $87

to $55 billion dollars

Unemployment rate soared

from 3.2% to 24.5%

HOW DO ES THESE ISSUES IMPACT THE WAY IND IV ID UALS L IVED?

THANK YOU!!!!!!!