Summary.
The Great Depression was a time of economic downturn following the stock market crash of 1929. Many people had been working with stocks to make money before the crash and were greatly affected. There was little work, little pay, it was a very hard time for the people. Franklin D. Roosevelt put plans in place in an effort to bring help people.
The Great Depression
- Began with the Wall Street Crash of October, 1929
- Marked the beginning of a decade of high unemployment, very low profits, and deflation
- During this time advancing in any way was near impossible
- The economy reached the bottom line during the winter of 1932-33
- People were forced to live in Hoovervilles begging for food
- Brought major political changes in America
- Franklin Delano Roosevelt was elected President of the United States
- FDR brought in the New Deal to help America out of the depression