HIST 2057, week 4
HIST 2057, week 4 HIST 2057
Popular in The United States From 1865 to the Present
Popular in History
This 4 page Class Notes was uploaded by Taylor Wilson on Tuesday September 13, 2016. The Class Notes belongs to HIST 2057 at Louisiana State University taught by Catherine Jacquet in Fall 2016. Since its upload, it has received 2 views. For similar materials see The United States From 1865 to the Present in History at Louisiana State University.
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Date Created: 09/13/16
The Great Depression Timeline WWI 1914-1918 1929 Stock Market Crash Hoover 19129-1933 FDR 1933-1945 1930s Great depression New Deal WWII 1939-1945 US entry into war 1941 Hiroshima, Nagasaki 1945 1950s Cold War Korean War Civil rights movement 1960s Civil rights Vietnam war The Great Depression Stock Market Crash Oct. 1929 Stocks fall 40% o Only the beginning of the international economic collapse 5,000 banks shut down Loss of savings for many o No government insurance on deposits Industrial production down 20% Unemployment up to 25% o Chicago 50% loose jobs o Can make mortgage payments Bankruptcy Herbert Hoover 1929-1933 Fear of welfare-dependent people Economic downturns a normal part of capitalism o Weeds out those that are unproductive o Idea that economic success is based upon one’s character Belief in limited gov’t Inadequate response Eventually passes a few things, too little, too late The “Dirty Thirties” Dust Bowl States o Colorado, Kansas, Oklahoma, Texas, New Mexico Farmers o 1920s – economic stagnation o Persistent drought 1932 o Storms of top soil that blacken the sky Unprecedented damage Top soil from poor farming techniques o 1 million farmers displaced o Crop prices plummet o North Dakota bushel of wheat 1932 To produce = $0.77 Sells at $0.33 o Bank foreclosures o Mississippi Apr. 1932 ¼ of all farmland auctioned in a single day Hard Times Winter 1931 – private charities completely overwhelmed No government safety net Need too great to provide for everyone o American friends Service Committee only provided to those who were at least 10% below normal weight o Nov. 1932: 1/6 of Americans risked starvation o NYC: No food at all in many black homes Shanty towns – Hoovervilles o Built by unemployed and destitute people during the Depression of the early 1930s. Uncertain Futures o Delayed marriage o 1933 birth rate sank below replacement levels o +25% of women aged 20-30 during the 1930s never had children Industrial workers 70,000 factories out of business 1933 Car sales o 4.5 million (1929) o 1 million (1933) Ford Detroit lays off 2/3 of workers US Steel o Short hours o No full time by 1933 ¼ industrial workers unemployed by 1933 o Wages fell by 1/3 African Americans Cotton o From $0.18 / lb to $0.06 / lb 2/3 of black farmers in debt or no income Desperate whites o The Black Shirts “No jobs for niggers until every white man has a job” Recruited 40,000 members with that slogan Urban north o Unemployment 50% o Black unemployment 30-60% higher Mexican-Americans California o 1929 wage $0.35 / hr o 1933 wage $0.14 / hr Deportation 1929-1935 o Between 1-2 million deported o Half were American citizens Apology Act 1935**look up o Fundamental violations of civil liberties Women Barred from jobs, paid less Men as breadwinners, women as homemakers 1936 Gallup poll o 82% say married women should not work (including 75% of women surveyed) Survey 1930-1931 o 1500 urban schools 77% refused to hire married women 63% fired teachers who married The middle class Unemployment up to 25% Many did not lose jobs or homes Still had to cut back Middle class does not fare as badly as working class Brother Can You Spare a Dime? Message – no jobs, fertile land is gone Bonus army – bonus expedenciary force Life is Just a Bowl of Cherries FDR if you elect me, I will bring happy days back
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