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The Great Depression: What is going on in the world Economically

The Great Depression: What is going on in the world Economically. By: Nurjahn Telfer , Talissa Montalvo , Justin Valentine. How did people make ends meet?. African Americans from new York city Harlem raised money through "rent parties”.

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The Great Depression: What is going on in the world Economically

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  1. The Great Depression: What is going on in the world Economically By: NurjahnTelfer, TalissaMontalvo, Justin Valentine

  2. How did people make ends meet? • African Americans from new York city Harlem raised money through "rent parties”. • Urban people did competitions to earn money such as races, pre-eating contest, and dance marathons • Families began to update their homes with electronic irons, washing machines, refrigerators, And other objects that helped • Ketchup mixed with a cup of water was tomato soup

  3. How did the race factor AFFECT how successful people were in the country? • Black unemployment increased to 50%-90% • African American woman held the lowest positions with least pay • 1938, new deal programs provided 30%of African Americans with a form of federal aid • 1934, last large group of African Americans left republican party and joined democracy party

  4. What was the average household income? • 1933, mortgages foreclosures were averaging 1000 per day nationwide • Hoover supported homeowners passage of federal home loan bank bill July 27,1932 • Roosevelt administration lobbied for additional legislation including home owners loan corporation, enacted June 13, 1933 • Hole reduced foreclosure rates by linearizing financing requirement

  5. What were the major issues facing our country? • The crash of stock market started in october 1929 that was caused by massive inflation of marketing • Blamed continued because of the misery of the bottom American society • Income fell from $87.8 billion In the 1932s to $75.7 • Laid off workers because of the business dropping

  6. What is the most interesting information you found In your research? • 1929 and 1933, 9,760 commercial bank suspension • People borrowed more than $400 million from fiduciaries • Addressed the effects of the great depression on home ownership • People relied on short-term loans from commercial banks

  7. How does these issues impact the way individuals lived? • People lost there jobs so they had to live in • Couldn’t buy a lot of things to eat • Stock values fell from $87 to $55 billion dollars • Unemployment rate soared from 3.2% to 24.5%

  8. Thank You!!!!!!!

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