|Scooped by ShonToria Sowell|
Hey Aunt Pam,
I’m writing you this letter to tell you a little about the “ Great Depression “cause of the depression 1929-1941 “
During the 1920’s prosperity hides trouble. Country grew more prosperous. And consumption GNP (Gross National Product) and the stock markets all went up. Famers faced hard time. Debts from money spent on tractors and equipment.
Also during the 1920s the stock market crash. October of 1929 investors begin to lose confidence in the stock market and begin selling their stocks. The mass selling caused panic and wiped out fortunes.
The great depression started 1929 and ended 1941. Had weak economy, high unemployment. They loss money, jobs, and hope for money.
Yeah aunt Pam, I have learned a lot. I know you probably tired of reading but wait a min I’m almost finish.
Now I want to tell you about the gobal Depression. The U.S. loans had fed the Europeans economy. Loans also dropped during the depression. Europe faced business failure. Life during the Great Depression, Americans faced hard times.
The impact of the depression unemployment rates rose from 3.7% to as high as 24.9%. Aunt Pam, did you know many workers kept their jobs but faced wage and hour cuts.
It’s time to school you about the “ Hoovervilles “. Hoovervilles were market shife shantytowns made from tents or shacks. Built on vacant or public land.
Now it’s time to tell you about my favorite topic “ African American “ during the 1930’s. The great depression of the 1930s worsened the already bleak economic situation of African Americans. They were the first to be laid off from their jobs, and they suffered from an unemployment rate two to three times that of white. Much of the country’s African-American population lived in rural areas and worked on farms owned by white landowners. Life was considerably harder for African-Americans living in urban areas. However, there were many African-Americans who continued to work hard manual labor or working in areas inherently dangerous such as in foundries, while others worked as domestic servants for white folks.
Blacks were either excluded or forced to organize in separate unions, such as the Brotherhood of Sleeping Car Porters. Black workers who tried to organize often found themselves a target of lynch mobs, in both the North and South. Only the Communist Party-led Trade Union Unity League. Seriously organized Black workers, notably in the National Miners Union. But the "red unions" of the TUUL were limited by their ultra-left tactics, which only reinforced the isolation of Blacks and leftists from the mainstream of organized labor.