The great depression was a time of economic and social devastation that began in the United States with the Wall Street stock exchange collapse on the 29th October 1929, a day which came to be known as Black Tuesday.
The great depression facts, record that the poorest and most difficult times which were to follow, might last for lots of years, till the beginning of World War II, when a lot of countries began pouring huge sums of money in the new war driven economy, finally bringing unprecedented worldwide slump to an end.
What must be remembered certainly is that in the days, there’s no social support. When you’re penniless and hungry, there’s nowhere or no-one to turn to. It’s in such circumstances as these that one of the most shocking depression statistics emerged that 50% of all kids didn’t have enough food, clothing, shelter or medical care.
For most people, too poor to put food on the table, the only recourse was the soup kitchen, where people queued all day long for a bowl on meager, thin, watery soup. People were reduced to scavenging amongst the rubbish bins for something, anything to eat.
Industry ground to a halt, virtually. Because people didn’t have any money, they couldn’t afford to buy anything. With no income coming in from sales, businesses were forced to lay workers off, and eventually, to put themselves into liquidation.
It’s African-Americans that were always first to lose their livelihoods. For those who have had the chance to stay in work, wages have been dreadfully low. Depression pictures show that the standard wage of a farm worker was $ 216 per year, while a doctor earned $ 3822.29.
At the beginning of the great depression, the President was Herbert Hoover and as it can currently be imagined, he wasn’t a popular man that being considered by many for doing too little and not managing to avoid the crisis.
The name of Hoover was taken and used for some results at the time, as settlements or shanty towns that sprang everywhere called “Hoovervilles, or the soup ” cocktail ” that starving people might make when they went to a restaurant, diverted the waitresses attention, made a soup of all that was left on the table top (tomato sauce, water, pepper, salt) and drink it, whilst her attention was still unfocused, a creation that has come to be well-known as “Hoover Soup.” A pathetic but true fact of great depression.
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