Mass production in the 20s lead to the economic boom. But some believe that it lead to the stock market crash.
It's the 1920s and the economy is booming. Everyone is doing well as well as business. Everyone is saying that the mass production that the factories were doing was the backbone to the economic boom. Everyone has all of the new appliances and everyone has a car
Stock Market crash
When the stock market crashed in 1929, it left many people unemployed. People lost everything. All of their money was gone.
.It's was October 29th, 1929, in New York on Wall street, when the stock market crashed. People were freaking out all over the place. Some people are crying. Some were saying that they lost everything. Everyone was panicking. Over the months the economy kept dropping
Many people were left unemployed
The depression left many people unemployed. So they would roam the streets trying to find a job
Businesses had to lay off workers left and right. They could not afford to keep the workers.
The Depression left many businesses forced to lay-off workers because the business had no money. Later the businesses ended up closing because laying off the workers didn't help. This happened with thousands of businesses across the U.S.
Eventually business had to close.In the Midwest, farmers were having a massive drought that was drying up all of the soil adding even more to their struggle.They were already facing rough times.President Hoover had no impact on the people. He did nothing, but FDR did.
People are forced to sell everything
When the depression hit many people lost everything. They lost their money and jobs. So people had to sell everything to be able to survive.
City life was fairly bad. Many people had no house, job, or anything. They had sold everything for money.
Many people lost everything. So they had nothing, so they learned to build a shelter and make cloths.
What people had
The average poor family during the depression had little to nothing. All they had was a trunk with some belongings and a small little shelter that they built.
But the middle class had to make do with making cloths and their shelter. The poor people had resorted to soup kitchens for food. People had to work at camps and many rode the rails to different places and made a living off of that.
Many people had resorted to making their own homes. These villas were called Hoovervilles because people believed that President Hoover caused the depression.
So most people lived in small huts and they lived in places called Hoovervilles. Many people only had a shelter and clothing.
Many people had gone to cinemas for entertainment during the depression. The movies were cheap so it was easy to afford.
During the 20s many people had so much free time because of modern conveniences. They didn't have to do nearly as much work. So people had a chance to have fun. And they did, they went to illegal bars because prohibition had banned alcohol. They also went dancing as well as to movies.
The radio had also become very popular because it was very entertaining, everyone had one, and it cost nothing to listen to it.
But in the 30s that changed. People couldn't afford to go to movies or dancing or to bars, but instead they went to cheaper movies and listened to the radio.
People still played sports with friends or family to have fun
Other people played sports with friends and family.
Other things to do
There were many other things to do to have fun. Some of those are playing guitar, going on a drive, or sitting in a field and playing.
Some other things that people did was play the guitar and go on walks.
FDR's fireside chat
President Roosevelt had thing broadcasted over the radio that he called a fireside chat. He makes it feel like he is talking to one person not the nation. In the chats he discussed his plans for hat he is going to do about the depression.
In the 20s the government had 3 republican presidents and all 3 of them did not help the people who were in need. The pro-business policies that they believed in allowed the economy to boom. When the depression hit, Herbert Hoover had a plan that if he pumped money into the top of the economy that it would trickle down to the working class. It did not work. The bonus army was also a problem. The government had promised them money for serving in the military, but the government did not give it to them so they had a riot. FDR had a fireside chat with the people talking about what he was going to do.
People sent to help in the Midwest
The government sent people to the Midwest to help out. The people mostly planted trees and grass to help prevent dustbowls.
He sent people to the Midwest to help prevent dust bowls by planting tees and grass to keep the soil down.
Government programs to help farmers
The government implanted various programs to aid farmers in the Midwest.
Also he implanted programs to aid farmers such as the WPA which brought unemployed people to help.
New Deal programs work
The New Deal programs that FDR implanted started to work. Banks started to open up and people started to get more money.
His New Deal programs began to open up banks. But he had to plead the people not to just take out all of their money or it would fail. And the people trusted him. That was the start of the uphill climb of the economy.