The Great Depression1930-1941 By: Jennifer Hicks
People of wealth were pulling their money out of the economy. Unemployment was rising, and consumers had less money to spend, adding to the downward spiral. Bankruptcies were more numerous. Bank loans were not being re-paid. There was no federally guaranteed depositors insurance to inspire depositor confidence. In 1929 there had been 659 bank failures. That number in 1930 rose to 1,352. In November 1930 a run on banks started in Nashville, Tennessee, and swept through the South. • In the congressional elections of November 1930, the Republican majority in the House of Representatives was reduced to six, and their majority in the Senate was reduced to one. At the end of the year, calls for more government action increased. Congress passed a law allocating a mere 116 million dollars for public works and 45 million for drought relief. Fundamentally the government was aiming at a balanced budget, while Hoover spoke of the public works project as a "new experiment in our economic life" and an "advance in economic thought and a service to our people." • This picture was taken in New Jersey On October 31, 1931 • This picture is about people wanting alcohol and do not want to get rid of it. • In this picture people are going on strike about alcohol ‘’Saying We Want Beer’’ • I think the photographer who took this picture took it for a reason. He or she took it to show the people the way they want alcohol. These people in this picture above wants to keep alcohol. • This picture is about people striking on alcohol. And wanting to keep alcohol in their place. • This picture made me feel a little bit upset. People want alcohol, but I know it is bad for you, But these people want it in their lives.