Top Great Depression Tips!

The Great Depression was a period of economic and social devastation that started in the US with the Wall Street stock exchange collapse on October 29th, 1929, the day that has come to be well-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 children did not have adequate food, shelter, clothing, or medical care.

For most persons, too poor to put food on the table, the only choice was the soup kitchen, where persons waiting all day for a bowl on meager, thin, watery soup. People were reduced to hunting among the dustbins for something to eat.

Industry ground to a standstill, almost. Since people did not have money, they could not afford to purchase anything. In the absence of income from sales, companies have been forced to lay off workers and, finally, go into liquidation.

It was the African Americans who were always first to lose their livelihood. For those people who were lucky enough to stay in work, the wages were abominably 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.