Access to History for the IB Diploma. The Great Depression by Peter Clements (Wr

By Peter Clements (Wr

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One company, Manhattan Estates, advertised land as being three-quarters of a mile from the ‘prosperous and fast growing’ town of Nettie, a place that did not exist. Then nature played its part, with hurricanes in 1926 killing 400 people and leaving 50,000 homeless. With thousands of people bankrupted, the Florida land boom collapsed, leaving a coastline strewn with half-finished and storm-battered developments. With a Mediterranean fruit-fly epidemic devastating the state’s citrus industry in the 1930s, recovery did not begin until the Second World War when Florida became a major military training centre.

This was because it often meant women simply lost their jobs when they were no longer allowed to work such shifts. Therefore they became more economically dependent on men. Despite the efforts of the Women’s Party set up by former suffragist Alice Paul, women never voted as a block and women’s movements remained fragmented throughout this period. Native Americans and African-Americans Native Americans and African-Americans did not share in the prosperity. Native Americans Policy towards Native Americans was based on the Dawes Severalty Act of 1887.

Each of them agreed to put up $40 million to shore up the market by buying stocks and shares. Thomas W. P. Morgan Ltd, held a press conference. ‘There has been a little distress on the stock market’, he said, with a masterly sense of understatement. He went on to explain that this was due entirely to a technical difficulty, and the situation was ‘susceptible to betterment’, by which he meant things would improve.  Morgan Ltd, was buying stock above current prices in lots of 10,000 in an attempt to restore confidence in the market.

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