The Great Depression

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The Great Depression

Wheat

What does it have to do with The great Depression- The wheat market was really important during this time. It allowed farmers and middlemen, who held grain stores over the winter when the trade routes were inaccessible, to set a price for their inventories in advance of their sale, reducing the risk to further drops in price.

Why- Wheats important because it is the best of the cereal foods and provides more nourishment for humans than any other food source.

What- Wheat prices were down lower than 73 cents, corn at 81 cents. The Farm Board held almost 9 million bushels of the 19.7 million bushels on the wheat market.

Where- The hit of the economic depression and bad weather put many farmers out of business and not able to work. In the 1930s, thousands of Dust Bowl refugee, mainly from Oklahoma, Texas, Colorado, Kansas, and New Mexico, packed up their families and moved west, hoping to find work and to start over.

When- Wheat was mainly important and most used during The Great Depression or 1930s

Farmers

What does it have to do with The great Depression- During World War I, farmers worked long and hard to produce crops and livestock. When prices dropped, they tried to produce even more to help pay their debts, taxes and living expenses. In the early 1930s, prices dropped so low that many farmers lost money and went bankrupt and lost their farms.

Why- They worked really hard to continue too produce crops and livestock, When things got harder they worked harder to produce even more crops.

What- Even though is was not easy for them, many farmers did survive during the Great Depression. They continued to grow and sell enough crops to pay their mortgages and keep their farms.

Where- Farmers were usually located in areas of the country that weren't hit by drought and dust storms.

When- 1930's

Relief camps

What does it have to do with The great Depression- McNaughton's relief camps were expected to meet the needs for single men in return for manual labour. Relief camps resembled the English Poor Laws in which the poor received helped in exchange for labour and rehabilitation.

Why- Relief camps were made for single unemployed men. They were designed to provide shelter, medical care and employment for the single, homless and unemployed men.

What- A relief camp was a union which made the workers employed in the Canadian government. It was for single unemployed single men. Relief camps organized themselves into in the early 1930s.

Where- The first federal relief camp opened in Canada, but in November releif camps started in Eastern Canada and housed 2000 men right away.

When- The first federal relief camp opened in October of 1932, but in November of 1932, camps started in Eastern Canada.

Stock Market crash

What does it have to do with The great Depression- This was not the main cause of The Great Depression, but it was a major part of it. but it did act to accelerate the global economic collapse of which it was also a major part of the stock market crash. By 1933, almost half of America's banks had failed, and unemployment rate was growing, nearly 15 million people, or 30 percent of the workforce.

Why- Production had declined and the unemployment rate had risen, which left stocks in great excess of their real value. Other than the other causes of the stock market crash of 1929 were low wages.

What- A stock market crash is a dramatic decline across major cross-section of a stock market, and it results in a major loss of paper wealth. Stock market crashes are driven by panic selling as much as by underlying economic factors.

Where- The location of the Stock Market Crash Was Wall Street, New York, United states.

When- The stock market started on September 1929 and the end date was in November of 1929.