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The Great Depression of 1929 was because of the Wall Street (stock market) Crash. |
There are many reasons that lead to the crash, mainly because after WW1 (1920's)
were really positive for some, but very bad for others unnoticed. so all the
underlying negatives in society were not targeted such as over production, banks
not being guaranteed (private owned), falling prices and the main sources of
income (eg building houses) was slowing. Basically from the 24th to the 29th of
October people were selling their shares in fear which in itself reduced share
prices until they were virtually priceless.
The Great Depression affected the world, and although in America the president introduced the 'New Deal' and 'Second New Deal' to attempt to fix society, it never really healed until WW2
The Civilian Conservation Corp was created by Franklin D. Roosevelt as a solution to the tremendous unemployment problem created by the stock market crash of October 1929 which resulted in the "Great Depression."
Just days after he was inaugurated on March 4, 1933, Roosevelt met with congress and proposed programs to reduce unemployment, stabilize banks, and provide aid to agriculture. Senate Bill 598 (the Emergency Work Act) was introduced March 27th, passed both houses in 4 DAYS with President Roosevelt signing it into law on March 31, 1933.
The people implementing the bill soon became known as the Civilian Conservation Corp (CCC). The first camp to open was Camp Roosevelt near Edinburg, VA. On April 17, 1933,
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Comments of Eleanor Roosevelt and Frances Perkins. |
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As I look back over the actual measures which were undertaken in the first year of FDR's presidency, I realize that the one in which my husband took the greatest pleasure was the establishment on April 5, 1933, of the Civilian Conservation Corps camps. Eleanor Roosevelt In one of my conversations with the President in March 1933, he brought up the idea that became the Civilian Conservation Corps. Roosevelt loved trees and hated to see them cut and replaced...He thought any man or boy would rejoice to leave the city and work in the woods. Frances Perkins, Secretary |
Investopedia Says:
The NYSE crashed on October 24, 1929, a day known as Black
Thursday. Thousands of people lost nearly the entire value of their investments,
leaving them with next to nothing. The trend continued and the following
Tuesday, Black Tuesday, the DJIA dropped 12%, marking the start of the great
depression. International trade declined, along with personal income, tax
revenues and product prices.
Many economists believed the Great Depression was evidence
that capitalism, when left unchecked, is a dangerous ideology. This caused some
nations to change their political structures, such as Germany, who adopted
fascism.
An economic recession that began on October 29, 1929, following the crash of the U.S. stock market. The Great Depression originated in the United States, but quickly spread to Europe and the rest of the world. Lasting nearly a decade, the Depression caused massive levels of poverty, hunger, unemployment and political unrest.
An excerpt from Donna Wozniak’s collection
The CCC caught the interest of thousands of unemployed youth. In New York, many of these hopeful young men—most of them in thin summer clothes and with no overcoats—lined up before dawn in front of Army headquarters. Across the nation, thousands waited to file their applications and pass a physical to enter the CCC. Upon acceptance, each enlisted man was sent to an operation camp, usually far from home and quite different from what they were used to.
In an article titled “Rizzo Goes To Work,” Time magazine reports that a week earlier, 19 year old Fiore Rizzo reported to the Army Building in downtown Manhattan and reported for duty as the first CCC enrollee.
He was dancing a jig to celebrate, when reporters told him he would probably be sent to the West. He stopped jigging and a newsman asked if anything was wrong. The boy scratched his head and said very seriously, “What the hell are we going to do about those Indians?”
The CCC is off and running!
Duration of Program: April 5, 1933 to June 30, 1942 Nicknames: "Roosevelt's Tree Army", "Tree Troopers", "Soil Soldiers", "CCC's", "Colossal College of Calluses" Total Men Enrolled: 3,463,766 Juniors, Veterans and Native American Enrollees: 2,876,638 Territorial Enrollees: 50,000 (estimated) Non-Enrolled Personnel: 263,755 Average Enrollee: 18 to 19 years old, 147 pounds, 5'8 1/4" tall Average Weight Gain of Enrollee in First Three Months: 11.5 pounds Well-known Actor Enrolled in CCC: Raymond Burr, Camp Whitmore, California Other Notable Alumni: Congressman Edward R. Roybal Number of Illiterate Enrollees Taught to Read: more than 40,000 Average Number of Camps Operating in U.S. Per Year: 1,643 Total Number of Different Camps: 4,500 Highest Elevation of CCC Camp: 9,200 feet above sea level, in Colorado Lowest Elevation of CCC Camp: 270 feet below sea level, Death Valley, California Camp Locations: Every state in Union, plus Alaska, Hawaii, Puerto Rico and the Virgin Islands Total cost: 3 billion dollars Approximate Cost Per Enrollee Per Year in 1940 for Food, Clothing, Overhead, Allotments to Dependents: $1,000 Allotments to Dependents: $662,895,000 Number of People Directly Benefitted From Enrollees' Checks: 12 to 15 million Value of Work in 1942 Dollars: 2 billion dollars Miles of Roads Built: 125,000 Miles of Telephone Lines Strung: 89,000 Miles of Foot Trails Built: 13,100 Farmland Benefitted From Erosion Control Projects: 40 million acres Stream and Lake Bank Protection: 154 million square yards Range Revegetation: 814,000 acres Fire Fighting Day: more than 6 million Number of Enrollees Who Died Fighting Fires: 29 Overall Death Rate: 2.25 per thousand State Parks Developed: 800 Public Campground Developed: 52,000 acres Mosquito Control: 248,000 acres Number Fish Stocked: 972 million Historic Restoration: 3,980 structures Number of Trees Planted: between 2 and 3 billion Number of Conservation-Related Work Days: 7,135,000 Federal Departments Administering the Program: Agriculture, Interior, Labor, War Total Number of Federal Government Agencies Participating in Some Capacity: 25 Unofficial Motto of the CCC: "We Can Take It!" Sources: Stan Cohen, 1960, The Tree Army: A Pictorial History of the Civilian Conservation Corps, 1933-1942: Pictorial Histories Publishing Co., 713 S. Third W, Missoula, Montana 59801
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