kiowa's+great+depression

This is what the Great depression did to families. Many people were jobless. kids protesting with thier parents The reason for the great depression. People wanted to work for there money unemployment graph Great Depression cartoon unemployed couldnt afford coffee and donughts people had no money
 * The Great Depression by:Kiowa Whaley**
 * The Great Depression was a bad economic depression that was worldwide.It started in 1930 in most countries and lasted to the late 1930s/middle 1940s.It was the worst and longest depression of the 20th century.The Great Depression started in the United States because the fall in stock prices.When the stock market crashed the depression became world wide news.This day was known as Black Tuesday.Banks were begining to fail and were loosing billions of dollars.Debts became larger because family incomes dropped by 20-50%.Nine thousand banks failed total in the 1930s and of those nine thousand 744 of those were US banks.The banks gave out loans and and the people who borrowed them did not pay the loans back.The banks seen that they were not getting payed back for the loans so they cut down and made fewer loans.Another way banks closed was people thought that they were going to loose there money so they went to there banks to withdrawl/take out there money and big withdrawls made the banks close.The depression had bad effects in both poor and rich countries.Car sales dropped below the levels in 1928.International trade dropped by atleast 50%.Hundreds of thousands of people were homeless.President Hoover started many programs to try to help the depression but none of them worked.Many people blamed Hoover for the depression.In the election of 1932 roosevelt easily won the election.Roosevelt also started programs that were known as the New Deal.The United States unemployment rate increased to a devistating 25% and in other countries a huge 33%.Now if your trying to raise a family and make it in life those numbers were very hard on you.All cities were devistated by the depression especially cities that were dependent on heavy industry.Construction stopped in a lot of countries.Crop prices fell by 60% so farming was heavily damaged.The great Depression lasted until world war 2 ended in many countries but some countries got lucky and began to recover by mid 1930s.The entering of the United States in to WW2 was one reason the Great Depression ended in the US.Roosevelt dropped the unemployment rate to 2% later on after he was inaugerated to president.The United States economies decline brought down other countries along with itself.Overall The Great Depression was a bad economic time in US history.**