1930's The Great Depression, Mobsters, Unemployment, Link To a Video Memory From Depression Years The best way to understand the Depression Years is from someone who lived through those very hard times
It is worth taking the time to watch this Video from a gentleman by the name of Ed who lived through that period
Wall Street Crash Leading To The Depression Years It started on October 24 "Black Thursday" and continued through October 29, 1929 "Black Tuesday", when share prices on the New York Stock Exchange (NYSE) collapsed. Shares fell over the 1930's by 75% and it was not until 1954 that shares rose back to the values of 1929 pre-crash. What were the Causes : The causes were mostly from very high rising share prices which encouraged more people to invest, earlier in 1929 people were borrowing from banks hoping to be able to buy shares and resell at a large enough profit to pay back the loans and make a tidy profit. Read more about it at Wall Street Crash Banks Crash In The 30's As banks continue to close across the US when depositors ask for their deposits back, the problems continue to escalate as most small banks had large amounts invested in the stock market and with the crash of wall street in late 1929 many banks do not have sufficient funds left to meet current members deposits. Many are going into receivership with little help for investors. The government is looking at schemes to bail the banks out and help consumer confidence A bail out plan was put in place later as the banking issues continued to worsen with thousands of banks closing. Growth Of Vending Machines With the growth of the use of vending machines to dispense cigarettes many are concerned that it is encouraging smoking by children still in high school as no controls are in place to stop children buying cigarettes. During the 30's vending machines were not controlled so they were on street corners where children could just use them. Very different from today The depression in the 30's caused great hardship but three interesting facts In 1930 average new house cost $7,145.00 and by 1939 was $3,800.00 In 1930 the average income per year was $1,970.00 and by 1939 was $1,730.00 If you have $100 Converted from 1930 to 2005 it would be equivalent to $1204.42 today From our 30's section 30's depression years We think of the depression years as only times of great misery and poverty but some of the great innovations and fundamentals we accept today come from those times. First Helicopter Germany by Heinrich Focke First Helicopter USA by Igor I. Sikorsky ) Teflon Introduced First Nylon Products are Toothbrushes First Oil is discovered in Saudi Arabia Golden Gate Bridge Opened First Teasmade By Goblin First Experimental Radar First Ballpoint Pen Hungary by Laszlo Biró - also called a biro (UK) First Photocopier USA by Chester Carlston BBC use their outside broadcast unit for the first time, to televise the coronation of King George VI. First jet engine designed to power an aircraft First Electric Razor USA by Jacob Schick First Drive in Movie Theater Radio Telescope USA by Karl Jansky First Chocolate chip cookie Catseyes Invented England by Percy Shaw - for lighting roads First Frozen FoodSome 30s Music Trivia 1936 Billboard Magazine publishes the first pop music chart that is based on national record sales. Today, Billboard is still the leading publication for various charts throughout many different musical genres 1938 The first jazz concert is performed at Carnegie Hall. Benny Goodman and his orchestra performed at this iconic New York City venue and the event included guests like Count Basie and other popular names of the day. It gave the genre credibility as a legitimate musical preference. 1939 Louis Armstrong and his orchestra recorded “Jeepers Creepers.” 1935 The American radio show “Your Hit Parade” makes its debut on the airwaves. In the following years, it becomes the jumping point for many of the most successful singers and artists in the music industry. 1938 Louis Armstrong and his orchestra record “When the Saints Go Marching In.” It becomes a big hit for among their list of other hits. Cars And Advertising From the 30's Chrysler Chrysler Imperial Custom Roadster 1930 For those who really care about the cars they drive Prices from $2995Auburn Auburn 1931 5 Passenger 2 door Brougham 127 inch wheelbase 98HP straight 8 A long Large roomy car with a door so wide rear seat passengers can enter without disturbing those in front Price $945Buick Buick 1933 60 series victoria coupe with new dash mounted starter button and carpetted rear compartment Price $1,310Chevrolet Chevrolet Six 1930 Great Resale Value Choose Chevrolet for smoothness , beauty, safety, economy and service cars ranging from, Sports Roadster, Coach, Coupe , Sports Coupe , The Sedan From $555 -- $755 A few examples from our 1930's Cars Models and Prices Sections1930's Car Models And Prices A few videos from the 1930s we hope you like Fox Movietone Coney Island Brooklyn Trolleys from the 30s Depression Years Video Memory From The 30s The Dustbowl Years Thirties Fashion 1937 Plymouth Sales Promotion Car Streamlines in the 30s Ford Control of Workers Forces Union To Start 30s Coca-Cola Add 4th July Parade early 30s Britton, South Dakota Tasmanian Tiger 1933 MacRobertson Trophy Air Race England to Australia 1934 Sir Oswald Mosely Black Shirts March In London 1936 1936 Ford V-8 Hindenburg Disaster 1937 Esso Commercial 1938 The World At War Part II 1939 Check out the Thirties Section On The People History For Many More1930's Great new memory added We receive a number of memories each month and everyone is important when you are trying to build an online social history but we received one this morning that deserves a special mention many of the memories from the 30's will be lost as time goes by so each one from the 30's is special in it's own right but today's was not only special because it was from the 1930s but it is also funny and the poster managed to draw a picture using words of what it was like to live in the 30's It was a hand me down memory from 3 generations and I would like to thank Louise for sharing on The People History If you want to read it the link is belowMemory From The Great Depression 1930's (16)1930 (9) 1931 (16) 1932 (12) 1933 (20) 1934 (10) 1935 (10) 1936 (14) 1937 (5) 1938 (9) 1939 (15)
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