The Great Depression was an event felt by the entire world, an economic collapse unparalleled in history. This period in history has special relevance today, as we experience many of the economic troubles that affected our predecessors during that troublesome period. The web site will examine several different topics relating to the Depression.
Text of The Great Depression
2. Migrant Mother
The photograph that has become known as "Migrant Mother" is one of a series of photographs that Dorothea Lange made of Florence Owens Thompson and her children in February or March of 1936 in Nipomo, California.
3. The Hooverville Phenomenon During the Great Depression in the United States, millions of homeless people settled in teeming communities of makeshift shacks known derisively as Hoovervilles. 4. Who wants to know more about The Great Depression?
People interested in alternative views of history
People interested in American History
People curious about public policy
5. The Federal Reserve
Kept interest rates low leading up to the crash of 1929
Tightened the money supply in late 1931
Raised interest rates in 1928 to halt outflow of gold from Britain
Actions were opposite of what was done during the post war crash of 1920 1921, when the American economy recovered froma large collapse with little government intervention from the Federal Reserve.
6. Herbert Hoover
Herbert Clark Hoover(August 10, 1874 October 20, 1964) was the31 stPresident of The United States(19291933).
Passed the Railway Labor Act in 1926
Worked to keep wages artificially high
Passed Smoot-Hawley Tariffs in 1930, furtherweakening the already shocked U.S economy.
Ordered an increase in the deportation of immigrants during the crisis
7. Franklin D. Roosevelt
Sworn in March 1933
Immediately formed several Federal Agencies, the C.C.C, F.E.R.A, P.W.A, N.R.A to fight the Depression
Threatened to pack the Supreme Court if they kept ruling his measures unconstitutional.
Unemployment reached 19% in 1938, after 5 years of his interventionist policies .
8. Andrew Mellon
Served as Treasury Secretary under Harding, Coolidge, and Hoover.
Served from 1921 to 1932
Cut taxes from 73% to 25% in 1921-1925
Ran budget surplus every year of the 1920s, one of the most prosperous decades in U.S history.
9. Depression Era Unemployment Chart 10. Citations
Unemployment Line Photo http://www.archives.gov/research/american-cities/images/american-cities-129.jpg