A few other facts about the Great Depression...
It happened at the same time as the Dust Bowl, a major drought and loss of agricultural production. Millions of acres of farmland literally blew away, black rain fell as far away as the east coast. 500,000 people were left homeless. This was a disaster on a scale that makes Hurricane Katrina look like a rainy day. It went on for a decade! Millions of people were displaced. Today, to equal Dust Bowl numbers, over six million people would have to be permanently displaced. During Hurricane Katrina, less than 500,000 people were displaced, and a majority have since returned. This whole situation, including the bank foreclosures, created a situation that is unlikely to be duplicated in this country.
All of this was a huge contributing factor to the Great Depression. It was not merely the stock market and bank failures, it was an ecological and agricultural disaster that helped drive the Great Depression.
It happened at the same time as the Dust Bowl, a major drought and loss of agricultural production. Millions of acres of farmland literally blew away, black rain fell as far away as the east coast. 500,000 people were left homeless. This was a disaster on a scale that makes Hurricane Katrina look like a rainy day. It went on for a decade! Millions of people were displaced. Today, to equal Dust Bowl numbers, over six million people would have to be permanently displaced. During Hurricane Katrina, less than 500,000 people were displaced, and a majority have since returned. This whole situation, including the bank foreclosures, created a situation that is unlikely to be duplicated in this country.
All of this was a huge contributing factor to the Great Depression. It was not merely the stock market and bank failures, it was an ecological and agricultural disaster that helped drive the Great Depression.
