Facts about the great depression!!! ;(
1. Herbert Hoover (1874-1964), a Republican, was president when the Great Depression began. He infamously declared in March 1930 that the U.S. had “passed the worst” and argued that the economy would sort itself out. The worst, however, had just begun and would last until the outbreak of WWII.
2. Chicago gangster Al Capone (1899-1947), in one of his sporadic attempts at public relations, opened a soup kitchen during the Great Depression. For millions, soup kitchens provided the only food they would see all day.
3. The Wall Street Crash of 1929 was one of the main causes of the Great Depression. “Black Thursday,” “Black Monday,” and “Black Tuesday” are all correct terms to describe the Crash because the initial crash occurred over several days, with Tuesday being the most devastating.
4. After the initial crash, there was a wave of suicides in the New York’s financial district. It is said that the clerks of one hotel even started asking new guests if they needed a room for sleeping or jumping.
5. Causes of the Great Depression are widely debated but typically include a weak banking system, overproduction, bursting credit bubble, the fact that farmers and industrial workers had not shared in the prosperity of the1920s.
6. Dorothea Lange’s (1895-1965) famous photographs of migrant workers in California during the 1930s remain a moving pictorial record of the Great Depression.
7. The board game Monopoly, which first became available in 1935, became immensely popular perhaps because players could become rich—at least in their imagination.
2. Chicago gangster Al Capone (1899-1947), in one of his sporadic attempts at public relations, opened a soup kitchen during the Great Depression. For millions, soup kitchens provided the only food they would see all day.
3. The Wall Street Crash of 1929 was one of the main causes of the Great Depression. “Black Thursday,” “Black Monday,” and “Black Tuesday” are all correct terms to describe the Crash because the initial crash occurred over several days, with Tuesday being the most devastating.
4. After the initial crash, there was a wave of suicides in the New York’s financial district. It is said that the clerks of one hotel even started asking new guests if they needed a room for sleeping or jumping.
5. Causes of the Great Depression are widely debated but typically include a weak banking system, overproduction, bursting credit bubble, the fact that farmers and industrial workers had not shared in the prosperity of the1920s.
6. Dorothea Lange’s (1895-1965) famous photographs of migrant workers in California during the 1930s remain a moving pictorial record of the Great Depression.
7. The board game Monopoly, which first became available in 1935, became immensely popular perhaps because players could become rich—at least in their imagination.