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Background to "Of Mice and Men". The Great Depression and the American Dream.

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Alison Adeniyi 10.4 The Great Depression ________________ The Wall Street crash was in October 1929 and with it the American economy collapsed. People who had bought shares in the banks now found out that their shares was only worth a fraction of what they had originally paid for them. Banks stopped giving out loans because they realized that their current customers where struggling to repay the loans they had given out. The number of produced goods dropped dramatically. The number of unemployed people reached upwards of 13 million. Causes of the Depression ________________ 1. As early as 1926, there were signs that the boom was under threat - this was seen in the collapse of land prices in Florida. ...read more.


This had a devastating impact on the European economy. 7. The collapse of European banks caused a general world financial crisis. The Effect of the Depression on Farming ________________ The stock market crash in 1929 led to a bad economic crisis for all aspects of living. Many independent farmers lost their farms when banks came to collect on their notes, while tenant farmers were turned out when economic pressure was brought to bear on large landholders. The attempts of these displaced agricultural workers to find other work were met with frustration due to a 30 percent unemployment rate. Many farmers lost their farms due to either finances or the 1930s drought, the "Dust Bowl." ...read more.


Furthermore, the toll that the repeated wheat crops took on the soil contributed to the 1930s environmental disaster of the Dust Bowl in the West. The American Dream ________________ The American Dream is a phrase referring to the supposed freedom that allows all citizens and residents of the United States to pursue their goals in life through hard work and free choice. the American Dream often refers to the opportunity for immigrants to achieve greater material prosperity than was possible in their countries of origin. America has been viewed as a land in which one's prospects in life are defined by one's talents and energy rather than by one's family wealth or political connections. this hope includes the opportunity for one's children to grow up and receive an education. it is the opportunity to make individual choices without the restrictions of class, caste, religion, race, or ethnic group. ...read more.

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