The Great Depression From Wall Street to Main Street Chapter 15, section 2.
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Transcript of The Great Depression From Wall Street to Main Street Chapter 15, section 2.
I. From Wall Street to Main Street
A. Stock market crash is “localized event” with endless impact
1. crash impacted thousands—GD affects the world
The Depression Expands
B. Expanding dep. Hurts most those who knew little of the world of
speculation and buying on margin.
1. economy weakened piece by piece and lasts a decade
2. wage earners “working class” hurt the most and longest
II. The Depression Reshapes American Society
A-Poverty, hunger, homelessness spread across country
1. Hoovervilles- shanty towns built by homeless
The Dust Bowl
B. Farms in crisis
1. Family farms on the auction block (excess debt)
2. South—tenant farmers and sharecroppers evicted
Stress on the Family
C. Stress of poverty and uncertainty takes a toll
1. health affects w/ no access to healthcare
a. stress and diet drive disease
Photo by Dorthea Lange
Stress on the Family cont.2. families fracture under duress
a. extended families pile together for economy
Photo by Dorthea Lange
D. Discrimination Increases1. fierce job competition hurts minorities the most
a. last hired—first fired
E. City Life vs. Farm Life 1. country people fared better (except the Dust Bowl)
— could feed themselves and grow extra for barter
Changes in the lives of young people• Many young
people are asked (or forced ) to leave home
• Some go to live with other family members
• Many young people begin to ride the rail.
Political Reactions to the Depression
• Despite the depression, few people call for radical political change.
• Communist Party cast over 100k votes in the 1932 election
• Socialist Party members cast 880k votes in the 1932 election.
• This was the height of power for both groups.
Depression Humor• Hoover
jokes• Hoovervilles,
Hoover Blanket, Hoover Flag
• People all over the country used humor to get through the depression.