Cause and Effect:The Great Depression ( 1920 (1929 (1930 (1932 (1933 (1934…
Cause and Effect:The Great Depression
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There was a heatwave that hit 12 states with temperatures at or above 110
1,693 people were killed and 3,500 drowned trying to cool down
Works Progress Administration was enforced
Gave millions of jobs to job seekers and started the construction of public buildings and roads.
Franklin D. Roosevelt became President of the United States
Franklin used his presidency to do things right while making Americans feel safe by getting closer with them.
People failed to meet loan payments because they lost all of their savings.
U.S banks started to close.
People were investing in margins, because they only had to pay a fraction of the cost.
This helped the market crash, because people could't afford their stock.
The stock market crashed in October of 1929.
The Great Depression, or a period in time when the U.S. slid into a severe economic crisis and recession, began.
Farm income shrank.
The agriculture industry declined.