- ›› Coverage Events : Great Depression
In February 1930 in San Antonio, Tex., 5000 Mexicans and Mexican Americans gathered at the city's railroad station to depart the United States for settlement in Mexico. In August, a special train carried another 2000 to central Mexico.Most Americans are familiar with the forced relocation in 1942 of 112,000 Japanese Americans from the West Coast to internment camps. Far fewer are aware that during the Great Depression, the Federal Bureau of Immigration (after 1933, the Immigration and Naturalization Service) and local...
Change in Gross National Product
+ 6 percent
+ 4 percent
+ 4 percent
New Deal Legislation
Reconstruction Finance Corporation
Granted emergency loans to banks, life insurance companies, and railroads
The greatest economic calamity in the history of the United States occurred in the third decade of the twentieth century. When the stock market crashed in 1929 and the economy plummeted over the next few years, the nation sunk into the most pervasive depression in American history. No one escaped the suffering that the Great Depression produced. The ranks of the suffering went well beyond those who lost everything as a direct result of the stock market crash. While millions lost their fortunes in investments on and...
Many elementary school students are unaware of how banks make money and what causes them to fail. This lesson will provide students with a basic understanding of those two issues, linking them to the Great Depression and Franklin Delano Roosevelt's Banking Holiday in 1933.Essential Question How do banks make money? What causes banks to fail? How did Franklin Delano Roosevelt try to stem the failure of banks in 1933?