Presentation on theme: "American History Chapter 21-2 Americans Face Hard Times."— Presentation transcript:
American History Chapter 21-2 Americans Face Hard Times
Effects of the Stock Market Crash Great Depression: A severe economic crisis. – Runs on banks caused thousands of banks to shut down.
Effects on farmers: – Increased poverty meant Americans were buying less food. – High supply/low demand led to lower prices. – Hundreds of thousands of farm foreclosures occurred. unemployment foreclosures
Unemployment rose dramatically. – 25% of American workers were unemployed by 1933. – Places like Harlem were at 50% unemployment. Irony?
Impact on Those Hit Hardest Increased poverty due to lost jobs. – People begged, went to soup kitchens, or went without. – Hoovervilles: The homeless developed shantytowns.
People coped in different ways: – Hoboes: Jobless wanderers hopping trains looking for work. Millions were teenagers.
Emotional stress: – Many felt personal failure & shame. – Total despair. – Anger. – Suicide rates increased.
Nature & carelessness add to the problems. – Great Plains was hit by a severe drought or dry period. – The careless practice of plowing up all of the land led to catastrophic dust storms. – Hardest hit area known as the Dust Bowl. – People, known as Okies, fled the Great Plains to seek out jobs elsewhere. Woody Guthrie wrote songs about the Dust Bowl.