100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Amh 2020 The Great Depression 1929 to 1940 Notes $11.99   Add to cart

Class notes

Amh 2020 The Great Depression 1929 to 1940 Notes

 3 views  0 purchase

This is a comprehensive and detailed note on The Great Depression 1929 to 1940 for AMH 2020. *Essential Study Material!!

Preview 2 out of 5  pages

  • October 15, 2024
  • 5
  • 2022/2023
  • Class notes
  • Prof. mark
  • All classes
All documents for this subject (11)
avatar-seller
anyiamgeorge19
7.1 The Great Depression 1929-
1940
U.S. Population in 1930

 122.76 million people total (compared to 105.7 million in 1920 and 50.2 million in 1880)
o White: 110.3 million (89.8%)

o Black: 11.9 million (9.7%)

o Native American & Alaska Native: 332,000 (0.3%)

o Asian & Pacific Islander: 265,000 (0.2%)
o No data on Latinx population (1.3 million/1.2% in 1920 and 2 million/1.5% in 1940)

 At start of the depression the population was young: median age was 26.5 & only 4.7% of the
population was age 65+

 Life expectancy was 59.6 years.

 More men than women (102.5 men for every 100 women)
Causes of the Great Depression

 False sense of prosperity in the 1920s (great wealth inequality still existed, plus lots of buying on
credit)

o The wealth was built on shaky grounds.
o Big gap between rich and poor Americans

o Americans living in rural areas were very poor.

 Stock Market Crash of 1929
o People were doing things they shouldn’t have been doing, there were no rules (now
there is no insider trading etc.)

o Stocks were bought with borrowed money.
 Bank failures

o Banks were doing stuff they weren’t supposed to be doing and banks would run out of
money and then close their banks.

o People rushed to take the money out of the bank before the banks went down.

 Deflation
o Not enough money in circulation.

, o Reduction in consumer purchasing => reduction in sales => workers laid off => reduction
in consumer purchasing (vicious cycle)
 Economic instability in Europe, especially Germany, resulting from WWI

o Countries borrowed money (defaulted on loans to the U.S.)
o hyperinflation in Germany

 Reduced trade with Europe (caused in part by Smoot Hawley Tariff of 1930/protectionist
economic policies)
o Puts an extra tax on foreign goods so Americans would have an incentive to by American
made goods
o Caused the Europeans to do the same making us trade reduce.

 Drought in the Great Plains (“Dust Bowl”), 1930-1936

o No rain for 6 years.

o Drought on Great Plains began in 1930 Dust storms started in 1934 because there were
no grasses to anchor the soil due to farming (This was because of human activity and
farming and from planting crops which caused the grass to be removed)
o Houses would fill with piles of dust.

o 1/3 of families in the “Dust Bowl” left their farms in the 1930s (Lost everything)

o 300,000 people migrated to California (They were not welcomed in California)
The Great Depression in the U.S.

 Worldwide economic crisis
o U.S. economy failing caused other countries' economies to fail

o Then other countries couldn’t buy goods from each other (Vicious Cycle)

o Then tariffs, tariffs, tariffs.

 Corporate profits fell from $10 billion to $1 billion

 100,000 businesses closed

 25% unemployment rate
o No welfare, unemployment insurance (caused people to lose homes and everything)

 No social safety net

 Banks failed

 Threatened capitalism & democracy

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller anyiamgeorge19. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.99
  • (0)
  Add to cart