The Roaring Twenties Come to an Abrupt End

1
The Roaring Twenties Come to an Abrupt End
2
The U.S. Economy Plummets

• Black Tuesday (October 29, 1929)
• The bottom fell out of the stock market.
• People who had bought stocks on credit were stuck
  w/huge debts.

3
The Great Depression Settles In

• Great Depression (1929-1940)
• The economy plummeted and unemployment
  skyrocketed.
• The stock market crash made the depression more
  severe.
• Half of the nations banks closed millions of
  people lost savings.
• Unemployment leaped from 3 to 25.

4
Many Men are forced to Wait in Breadlines for Food
5
The Great Depression Settles In (cont.)

• Causes of the Great Depression
• Tariffs and war debt policies cut down the
  foreign market for American goods.
• A crisis in the farm sector (the Dust Bowl).
• The availability of easy credit.
• An unequal distribution of income.

6
The Great Depression Settles In (cont.)

• Shantytowns
• Little makeshift towns consisting of shacks.
• Dust Bowl
• Regions plagued by dust storms and evictions.
• Dry conditions created by drought and poor
  farming practices.

7
The Dust Bowl
8
Effects of the Great Depression on Americans

• Social and Psychological Effects
• Suicide rate rose by more than 30.
• For many people, the stigma of poverty never
  disappeared.
• Men felt that their status in the family and
  community had diminished.
• Many people showed great kindness to strangers.
• Many people developed habits of saving and
  thriftfulness.