Group4p1



** The Great Depression (1929-1933) **
The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries. It was the largest and most important economic depression in the 20th century, and is used in the 21st century as an example of how far the world's economy can fall. The Great Depression originated in the United States. The Great Depression was triggered by a sudden, total collapse in the stock market. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929. Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930.


 * ** 1929 **** - **** October 24th **, "Black Thursday," recorded sales of shares hits 12,895,000
 * ** December 30, ** Percentage of Americans on Welfare is brought to lowest point in 35 years
 * ** 1930 ** - ** March 4th ** - Herbert Hoover is inaugurated as President
 * ** May 30th, ** Unemployment rate rises to 639%, leaving about 29x10^30 Americans jobless
 * ** July 12th, ** Dust Bowel begins as result of years of crop rotations and deep plowing
 * ** 1931 **** - **** January 7th, ** the Committee for Unemployment Relief releases
 * a report on unemployment showing that 4 to 5 million Americans were out of work.
 * ** 1932- **** November 8th, ** [|Franklin D. Roosevelt] defeats Herbert Hoover to become the 32nd President (electoral vote count of 472 to 59)
 * ** By year's end, ** 1,493 banks have suspended operations (closed down) during 1932
 * ** 1933 **** - **** March 2nd, ** economic contraction ends; economy starts to recover
 * ** April 19th, ** The Great Depression ends.
 * ** By year's end, ** 1,493 banks have suspended operations (closed down) during 1932
 * ** 1933 **** - **** March 2nd, ** economic contraction ends; economy starts to recover
 * ** April 19th, ** The Great Depression ends.
 * ** April 19th, ** The Great Depression ends.

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The topic that our group chose is the topic of the Great Depression. Our group chose this topic that we chose for several reasons. The first reason that we chose the topic of the Great Depression is, the Great Depression had such an impact on the economy. It showed the people how much farther the economy can fall. The second reason that we chose this topic is that the Great Depression is used as a reminder. A reminder of how much worse that it can be and how fortunate the people are to have what they have even though they might not know it. The third reason that we chose the topic of the Great Depression is, we remember the Great Depression and try to never forget the pain, the suffering, and the hard times that the people who experienced the Great Depression had to endure to make this nation what it is today: America.

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