Credit was a huge part in peoples lives in the 20's and some could say that it lead to the depression
This is the place where stocks were exchanged it was the center of wall street
The stockbrokers in the 20s kept selling stock on credit because they thought that the stock market would never die and the people believed the stockbrokers and bought thousands of stock on credit meaning they payed for it over time.
The stock market in the 20's
People thought in the 1920 stock market would go on forever
Sock market in the 30's
The stock market plummeted and people lost everything
Banks started to close as they ran out of money because people rushed to take theirs out of the bank
Then on October 29 in 1929 the stock market completely crashed and stockbrokers had to collected from thousands of people who had lost all of their money in the stock market crash. Also as a result of the stock market crash hundreds of people men and women ran to the banks in order to get their lives savings to spend on the market. First the banks also invested on the stocks and they lost just as much in the stocks as the people. Then all the people take all of their money out and the bank has none left to give. Then the banks had to close and Women as well as men lost even more money because the banks closed. This only deepened the depression into a further state.
In the 20s people would go to the game if they wanted to have fun
Some would also break the law and go to illegal bars called speakeasy's
The Depression also took a toll on people's social lives as well. What they did in the 20s they no longer had the money for such as baseball games and other sporting events. Women in the 20s also went to speakeasies and broke the 18th amendment by drinking illegal liquor.
People used the fantasy of board games to escape the pain that they flet in the real world
The radio became essential during the 30's
But, during the 30s they no longer had the money to spend on a mug of beer or a baseball game. They instead, huddled around the radio and listened to whatever was broadcasting. The most famous broadcast made people fled New Jersey because they believed the cast saying aliens had landed their and also missed the part about it being fake. Aside from that African Americans in the 30s also played numerous board games to escape reality into a fantasy world. These games such as monopoly gave these men and women something to do except worry about jobs and how to feed their children. The problem with this strategy is that all games eventually end and they would all have to face reality at some point.
The role of government
Herbert Hoover was the president during the start of the depression
These towns of homeless people were called Hoovervilles because they felt that Hoover was reasponsible
During the 20s all we had were republican presidents from Silent Cal to Herbert Hoover. All of these presidents took a laissez faire policy meaning that they would not step into the business aspect of America. As a result people namely African Americans were being discriminated in and also outside of business. They thought that the north was better than the south and still they found racism. When the great depression rolled around Hoover still tried to let the problem fix itself this did not help but also made the problem worse. The people who became homeless because of this made giant shack community’s such as Hooverville’s because they blamed Herbert for not doing anything during their hour of need.
FDR won the 1932 election in a landslide for one reason. He was not Herbert Hoover. He created the new deal program that helped the people who really needed it.
In 1932 they elected Franklin Roosevelt only because he was not Hoover. When Franklin took office he created the New Deal giving and helping those who really needed it. FDR was very important to the economy then.
The Dust Bowl
Dust storms like this were common in the Midwest
The dust storm were horrible and left only destruction and sand in there wake
Farmers like him lost everything they had to the dust bowl
The Great depression also affected farmers as well. Because of the lack of rain and the plants the farmers took out that kept the soil in one place the gust of wind picked the soil right up and created dust storms which destroyed houses and also buried many farmers’ livelihoods literally. The farmers had to move so they took the trains in an activity called riding the rails. They went from place to place looking for Jobs or something to do.
The Urban Standard
People in urban area had lost everything and had to wait in "bread lines" for free food
The urban areas were also affected as well. They had lost everything and had no food, transportation, or homes to live in. They quickly made huge shack towns and learned to make due with transportation. But they had to wait in “bread lines” to get some free food and other essentials to live off of.