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America's Great Depression: Americans
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[T]he problem with the gold standard and the Great Depression, Mr Samuelson, is not that there was not enough gold. The problem was too many dollars, pounds, reichmarks and francs. When Roosevelt ordered Americans to surrender their gold coins in the spring of '33, he was not saving capitalism. He was burying it.
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America’s Great Depression wreaked havoc on most parts of the nation. In rural Texas and Oklahoma, impoverished to begin with, the effects were even more devastating. In response to the Depression and crippling dust storms that destroyed countless farms, thousands of Texans and Oklahomans, faced with starvation, uprooted and moved west. That event inspired John Steinbeck’s classic American novel The Grapes of Wrath.
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Contrary to popular belief, the Stock Market Crash and Great Depression did not plunge all Americans into instant poverty. While the full effects of the Depression were imminent, they were not universally immediate. Indeed, following the October event on Wall Street, economists who underestimated the event felt that the crash of the market was simply a long over due, albeit major, market correction.
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The Great Depression lasted over a decade. Hundreds of thousands of Americans lost their jobs. Businesses failed and banks collapsed. Hopefully, you now have a better understanding of some of the causes of the Great Depression.
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On October 29, 1929, the New York stock market crashed, heralding the onset of the Great Depression. By 1933, between 12 and 15 million workers were unemployed. What were conditions really like in the cities? What problems did the farmers face? How was the discontent of the nation manifested? Through the use of historical documents such as newspapers, photo-graphs, flyers, and posters, students will experience the fear, discouragement, futility, and anger of Americans as they attempted to survive the black days of the Depression.
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Great Depression, the longest, deepest, and most pervasive depression in American history, lasted from 1929 to 1939. Its effects were felt in virtually all corners of the world, and it is one of the great economic calamities in history.
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