Ian
priscilla 1The Great Depression
December 5th 2008 08:07
The Great Depression is the largest economic downturn in modern history. It began in 1929 and lasted for about 10 years. It had devastating effects on many countries and its citizens. When the depression hit:
• 13 million people became unemployed.
• Industrial production fell by nearly 45% between the years 1929 and 1932.
• Home-building dropped by 80% between the years 1929 and 1932.
• From the years 1929 to 1932, about 5000 banks went out of business.
Here are some photos taken during the great depression in Chicago which was hit worse than average. No matter how bad the current economic downturn is, it could always be worse! These images and information from the Chicago Tribune.
• 13 million people became unemployed.
• Industrial production fell by nearly 45% between the years 1929 and 1932.
• Home-building dropped by 80% between the years 1929 and 1932.
• From the years 1929 to 1932, about 5000 banks went out of business.
Here are some photos taken during the great depression in Chicago which was hit worse than average. No matter how bad the current economic downturn is, it could always be worse! These images and information from the Chicago Tribune.
Rally involving thousands of unemployed in 1932.
November 1930 - Homeless men shelter from the cold.
A police officer patrols a line of job seekers in 1933.
1932 - Distributing packets of seeds to start vegetable gardens for those who can't afford food.
Children and the unemployed rally to demand free food in 1932.
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