1930s America and the economic climate

1930s•Great depression

•Money was scarce

•Unemployment rises to 25% population

•Average annual salary : $1.368

•Life expectancy male:58 female : 62

•Empire State building, Chrysler Building, Rockefeller centre were completed in the early 30s

•Hundreds of thousands homeless

•Draught

•Women entered the work force as men were drafted into the armed forces

•First diesel car

•Everything in black and white

• October 29th 1929 stock market crashes

• Most devastating stock market crash in the history of the united states

• It was known as Black Tuesday, The Wall Street crash, The Great Crash

• This sent America into the Great Depression

• President Herbet Hoover

• The Great Depression was a worldwide economic crisis that in the United States was marked by widespread unemployment, near halts in industrial production and construction, and an 89 percent decline in stock prices. It was preceded by the ‘New Era’, a time of low unemployment when general prosperity masked vast disparities in income.

• 11,000 out of 25,000 US banks failed by 1933

• People lost what little money they had without getting it back

• Depression made segregation and racism even worse for black people

LINK

• http://www.youtube.com/watch?v=KebHqCxOGZY