The Great Depression:Unemployment

By Jocelyne Koudou

Vocabulary You Need to Know

Depression: A severe and prolonged recession characterized by inefficient economic productivity, high unemployment, and falling price levels.

Stock Market: The market in which shares are issued and traded either through exchanges or over-the-counter markets. Also known as the equity market, it is one of the most vital areas of a market economy as it provides companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the company's future performance.

The Stock Market Crash Begins

October 24th 1929-Black Thursday: 12.9 million shares sold

October 29th 1929- Black Tuesday

Oct.29 Dies Irae

Latin for “Day of Wrath”

What Happened?!

The 1920’s: How They Made Money-Stock market

The Warning Signs: many experts believed that the “get rich quick” portion of the 1900’s wouldn’t last long

Why didn’t they listen?: They wanted MONEY!

The New Deals

A series of programs offered to get unemployed people employed once again

First new deal aimed at aiding banking, railroads construction, industry, and farming

Second New Deal promoted labor unions, relief programs for people in need of Social Security, and to aid migrant farmers

President Franklin D. Roosevelt had much involvement during his terms as president

Organizations such as: Work Progress Administration, National Recovery Administration, and Civilian Conservative Corps

How it Affected Them

Homelessness

Hunger

Loss of Self-esteem

Health

Birthrates fell

Poverty

Suicide

Places it effected

North and South America, Asia, Europe, Africa, and Australia

Specifically: Australia, Canada, Chile, France, Germany, Japan, Bolivia, Peru, Netherlands, S. Africa, Soviet Union, U.K., and U.S.

By 1932 8 million people in Germany were unemployed

Major industrial countries were effected

Statistics

Unemployment Rates:

1930-8.9%

1933- 24.9%

One in Four Americans couldn’t find a job

1934- 21.7%

1939- 17.2%

Suicide Rates:

17 per 100,000

Isabella’s Diary Entry

January 27, 2009

Dear Diary,

Today at school Makayla came to school with her new phone. It’s like she brought it to school just to rub it my face that she can afford one and I can’t. Sometimes I wish it was the other way around: Makayla’s dad losing his job and me, with the brand new, shiny phone…

Sydney’s Diary Entry

July 7, 1933

Dear Diary, today momma says we wont be eating anything. That would be the third night in a row we haven’t had dinner. Ever since dad left us on Earth to suffer, we haven’t been doing well. Every night I hope and pray that things we’ll get back to normal. Lately I’ve been feeling really depressed, I guess that’s why they call it-The Great Depression.

-Sydney McCourt

Isabella’s Diary Entry

January 31st, 2009

Dear Diary,

Today mom and dad got in this HUGE fight, it was about, yup you guessed it, money, the stuff that we just don’t seem to have enough of these days. I mean before we were doing ok but now it just seems like money’s the topic of every dinner conversation. Why couldn’t I have had parents that were doctors or lawyers or I don't know athletes anything that would keep me feeling normal at school.

Peer Reviews

Amy:

Nastya:

Lexi:

Sources

Websites: http://ws.ccccd.edu/kwilkison/online1302home/20th

www.huppi.com/kangaroo/TimeLine

http://econ161.berkeley.edu/tceh/slouch_climb16

www.shmoop.com/Great-Depression/statistics

http://en.wikipedia.org/wiki/Great_Depression

www.nps.gov/archive/elro/glossary/great-depression

Books: Causes and Consequences of the Great Depression by Stewart Ross

Growing Up in the Great Depression 1929 to 1941 by Amy Ruth

A History of Us Third Edition: War, Peace, and All That Jazz 1918-1945 by Joy Hakim