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Jonesx_Ch._22a - 1 22 THE GREAT DEPRESSION/THE NEW...

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22. THE GREAT DEPRESSION/THE NEW DEAL (1929-1939) I. THE CAUSES OF THE CRISIS -Excessive profits, concentration of wealth for the upper class -Overproduction in many industries -1929 Stock Market Crash—undermining confidence in investment and spending -Workers and consumers—down Exports—down II. “We Are Not Bums.” -Twenty-five percent of population or 40 million Americans were unemployed, -No savings and great debt, no safety net for unemployed -Individual families were provided no safety net. III. SURVIVING HARD TIMES -Two thousand young males were “riding the rails”—“hobos” -Mexican Americans depended on their children’s wages: this was one-third of a family’s wages. --Thousands of Mexicans Mexican Americans were deported from 1931-1934. IV. THE DUST BOWL -Oklahoma, Texas, Kansas, Colorado, and New Mexico experienced DROUGHT; subsequently, a dust bowl arrived. -On April 14, 1935, a dust bowl was blown in different area, creating a dust bowl.
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