Morning Edition World depression

(1929-1939)

It was the deepest and longest economic fall in history. It was economic failure all over the world. It all started with the

stock marktet crash in October 1929. After that it wiped out

millions of investor and causing steep decline in industrial

products. Unemployment was at a record high of 13 to 15 million

with out work just in the u.s. nearly ½ of American banks had

failed.

Hoover vs. FDR

They both tried to attempted to restore the economy during the

1930’s. Roosevelt want to provid relief to varying groups of

citizens, and hoover wanted to encourage people to return to

spending and buinesses to continue expanding and

competing. Hoover had a more conservative and wanted people to heal the economy themselves, while Roosevelt was progressive

government and wished to aid people directly through

government funds. Roosevelt was on the right track.

Eventhough they did not either wholly end the great depression

they did signifigantly improved it. They both had great polices,

and made great reforms.

How minority groups are affected

by the Great Depression and the

New Deal

The new deal tried to help everyone. But mostly was put in

place for the people at the bottom of the food chain. I made

it were if they wanted unemployment of food aid they

could get it with out being disciminated against.

Morning Edition Where the country is

heading?

Money is scarce at this time after the depression ww2 help the

economy because people were working to support the war and in turns get money and help the economy buy creating American

jobs to support the war like building things like guns clothes

and machinery and more jobs mean the economy is doing great

Bank failures of the 1930s

In the first 10 months of 1930 a total of 744 US banks failed. In

November and December of that same year 600 + more banks

failed. Through out the entirety of the great depression over

9,000 US banks failed, which is by far the worst stretch in US history when it comes to bank

failures.

Supreme Court Reactions to New

Deal programs

Roosevelt made 8 major new deal statutes. The supreme court

found 6 of the 8 to be

unconstitutional. They were the Panama refining Co. v. Ryan, railroad retirement board v.

Alton railway Co., Louisville joint stock land bank v. Ranford,

united states v. Butler, carter v. Cater Coal Co.. These were all

found to be unconstitutional but some still took place.

Average life of an American during the

1930s

In the 1930s more than half of American families earned

between $500 and $1,500 per year. In 1935-1936 the median family income was $1,160. An

income of $2,000 per year guaranteed a comfortable life-

style and put a household at the top 10 percent of incomes. On an

average annual income of roughly $1,000, most families had between $20 and $25 per week for food, clothing, and

shelter. Budgeting and stretching scarce resources was

essential. In adapting to economic deprivation families

used two strategies, they curtailed expenses and found

Morning Edition alternative sources of income.

Expenses were curtailed by using family labor to produce

goods that used to be store bought, such as food, clothing,

and home repairs. This responsibility typically fell on women, who did most of the

household spending. The government gave guidelines for a family budget, recommending setting aside 35 percent of the

family income for food.

Dust bowl

The impact of the dust bowlThe dust bowl made many

farmers leave the county side and move to the cite. They tried

to grow crops, but they would seed and then the dust storm would come through blow the

soil away and the seeds go with it. They would do it all over

again and another storm would blow though. There was 14 dust

storms in 1932, 38 storms in 1933. By 1934, It was estimated

that 100 million acres lost all or most of its top soil. Most of the

soil deposited in the eastern states and most went into the

atlantic ocean. They nicknamed the storms black blizzards, or

the dirty thirtys.

Trickle down economics and its

effectiveness

An economic theory which states that investing money in

companies and giving them tax breaks is the best way to stimulate the economy.

Its effectivness depending on the circumstances could be useful if your not making the companies

pay taxes that means there making more money witch is

helping the economy unless they are driving everyone else out of

business and becoming a

Morning Edition monopoly then it is not effective.

Impact of the radio

The radio brought together the rich and the poor, nationality in

one audience rather than in many separate newspapers in

the print media. During the Great Depression, radio

advertising revenues doubled (while newspaper and magazine

profits were halved, because radio could reach a large

audience. Radio continued to focus on entertainment then

news, until World War II.

The Top Movies, Music, Literature,

Sports Stories

By the 1930s money was scarce because of the depression. So people did what they could to

make their lives happy.  Movies were hot, parlor games and board games were popular. 

People gathered around radios to listen to the Yankees.  Young people danced to the big bands.

Morning Edition