impact this poorly regulated system, the expansion areas of corn and cotton suffered the largest due to the dust bowl era resulting in real estate value reductions. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. Ten thousand remained behind, among them a hard core of Communists and other organizers. 14 The unregulated growth of small rural banking institutions can be partially attributed to the rising cost of agriculture especially in the Corn Belt and Cotton Belt. 1929, herbert Hoover becomes President. Journal of Money, Credit and Banking. An average of 600 banks fail each year. Click here for the maps page on the Spanish Civil War Source Spanish Civil War demonstration in New York. Historically, local political machines were primarily interested in controlling their wards and citywide elections; the smaller the turnout on election day, the easier it was to control the system.
A Photo, essay on the Great Depression
About the Great Depression - linois
Timeline of the Great Depression - Huppi
SparkNotes: The Great Depression (19201940)
Source, migrant pea pickers camp in the rain. California, centering on, florence Owens Thompson, age 32, a mother of seven children,. The second set of reforms launched by the Roosevelt Administration during the same period, which is a responsibility for social welfare with the main legislation Social Security Act in 1935. Source, kitchen in house of Floyd Burroughs, sharecropper, near Moundville, Hale County, Alabama. They said it had encouraged massive strikes which had a negative impact on major industries and had threatened anti-trust attacks on big corporations. The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Depression refugees from Iowa. The recession of 193738, which slowed down economic recovery from the Great Depression, is explained by fears of the population that the moderate tightening of the monetary and fiscal policy in 1937 would be first steps to a restoration of the pre-March 1933 policy regime. Britain went off the gold standard, and suffered relatively less than other major countries in the Great Depression. As a result of this change nearly two thirds of the banks formed over the next ten years were quite small, averaging just above the 25,000 in required capital. 1931 No major legislation is passed addressing the Depression. There were no monetary forces to explain that turn around.
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