Why did the Great Crash have such a significant impact on the USA

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Why did the Great Crash have such a significant impact on the USA by Mind Map: Why did the Great Crash have such a significant impact on the USA

1. Unemployment

1.1. steep drop in consumer spending and industrial output

1.2. unemployment rose because companies couldn’t afford to pay them

1.3. taxes rose which decreased the spending power of the consumers

1.4. no unemployment insurance

1.5. reached 25% unemployment

1.6. suicide and depression rates increased

1.7. crime increased

2. Fall in Prices

2.1. half of all banks failed

2.2. international trade by 60%

2.3. overall prices fell 10% per year

2.4. economy shrank 50%

2.5. orphanages increased by 50%

3. Mass Migration

3.1. many white families during the 1930’s began moving West to California because of The Great Depression

3.2. roughly 300,000-400,000 people moved from the Midwest out to the western areas of the nation

3.3. they moved west looking for harvest jobs in California as the agricultural industry there was booming

4. Crime Rates

4.1. many turned to illegal activities such as bootlegging, robbing banks, loan-sharking, and murdering people

4.2. during the depression people were looking for jobs and joining organized crime was a way for them to support their families

4.3. In HollyWood these gangsters were depicted as heroes that helped people

5. Changing Family Life

5.1. life was tough for families during the depression

5.2. it was difficult to provide for your families

5.3. many people had to make sacrifices for their families including new jobs

6. Social/Cultural Effects

6.1. college rates dropped

6.2. malnutrition rates increased

6.3. people began to play board games and other small activities for entertainment because movies were too expensive

6.4. marriages were also decreasing

7. Changes in Political Ideas

7.1. the government increased relief spending

7.2. the government contributed to the crisis by laying off employees and making cuts to health care, education, and other social programs

7.3. by the end of 1933, the government owed $100 million

8. Socialist Party

8.1. the Socialist Party in America was born and grew dramatically between 1900 and 1912

8.2. socialism is the belief and the hope that by proper use of government power, men can be rescued from their helplessness in the wild cycling cruelty of depression and boom

9. William Foster and the Workers Party

9.1. William Foster ran for presidency in 1924, 1928, and 1932

9.2. wished the ultimate demise of communism

9.3. a major factor in the steel strike of 1919

9.4. originally a part of the Socialist Party before becoming a communist

10. Prohibition

10.1. banned alcohol from 1920-1933

10.2. increased organized crime

10.3. ratified by the 18th Amendment

10.4. repealed by the 21st Amendment

10.5. Temperance Movement

10.5.1. a social movement against the consumption of alcoholic beverages

11. Cultural Change

11.1. Women’s Suffrage

11.1.1. the right of women to vote in elections

11.2. Women in the workforce

11.3. 19th Amendment

11.3.1. prohibits the states and the federal government from denying the right to vote to citizens of the United States on the basis of sex

11.4. Jazz Music

12. Immigration

12.1. Immigration Act of 1924

12.1.1. strict limiting immigration system

12.2. only allowed 2% per nationality

12.3. shrank foreign population from 13.2% to 11.6% in a decade

13. The Economy

13.1. in the 1920s economy grew 42%

13.2. average income increases from 6,640$ to 8,016$

13.3. the economy changed from a traditional economy to free market economy

13.4. stock market was increasing by 20% per year

14. Social Liberation

14.1. Equal Rights for America Amendment 1923

14.2. Flappers

14.2.1. women who dressed in short skirts and had floppy hair

14.3. 1925 first women’s governor

14.4. 1928 women competed in the Olympics

15. Equality

15.1. Universal Negro Improvement Association

15.2. Detroit's population booms and economic prosperity increases

15.3. Harlem Renaissance

15.3.1. a period during the 1920s when African-American achievements in art, literature and music flourished

16. Prosperity

16.1. 1920s was a decade of unprecedented income

16.2. Henry Ford’s assembly line

16.2.1. first moving assembly line for the mass production of an entire automobile

16.3. Advertising becomes as important as the product

16.4. Consumers bought radios, cars, vacuums, beauty products, clothing, etc.

16.5. airplanes start to become used by civilians

17. Stock Market Crash

17.1. considered to be the worst economic event in the history of the world

17.2. began on Thursday, October 24, 1929

17.3. a sudden dramatic decline of stock prices across a significant cross-section of a stock market