Binga Bank refused to seize properties of community institutions that it was failure to the bank itself. Some black business survive the Great Depression but it did made the state weak due to the fact the loss of business. The difference between the African American in the North and South during the Great Depression is in the South dozens of African American fireman has lost their jobs because unionized white workers and the railroads brotherhoods intimidated
The Middle class was also heading down a dangerous path. Not being able to maintain their small fortunes, most were forced to lower levels of society. The effects of the Great Depression in the 1930s on the social classes in the south caused many people to move to the lower class. The Lower class was the poorest and largest class of people during the 1930s (Babb). Americans in this class in the south were barely able to survive.
Mortgages and rent payments could not be met, so people were moving into 'Hoovervilles'. These were 'shanty towns', nicknamed after Herbert Hoover, who was president at the time of the Wall Street crash. Even people who had expensive cars, etc, before now had nothing, some were even unable to pay for a bus fare. People with jobs and profitable companies even lost out because 5,000 banks went bust and the financial system virtually collapsed. Farmers suffered greatly, thousands of families who farmed had to sell their farms as it became uneconomical to grow crops.
The Great Depression was a time that the stock market crashed and world trade stopped, people didn’t have a place to live, and people didn’t have jobs. The Great Depression started on October 29, 1929, this time period was devastating to both rural and urban lifestyles. As a result of the Great Depression, the unemployment rate in America had dropped from a high of twenty-five percent to fifteen percent. The rich did not take as big of a fall as the poor did. Great Depression caused massive levels of poor, hunger, there were more people and less jobs and political unrest.
I. L. M. Ida Moore writes one such document under the title “Bill Branch's Works Progress Administration Life History.” This document reviles how people were feeling desperate and helpless. The main informant in this document is Bill Branch who lost his job because of the economic depression. Expressing his desperation and disappointment in the relief programs government put in place he said, “They Don’t seem to be anyone around here to take any interest to us,….We just live here some of us half starving and the folks outside don’t seem to care” (Moore,1983). This was story of most households at the time. People wondered around without jobs and solely dependent on insufficient assistance from the government.
A third of American farmers lost their land and had to move to city to search for jobs. Many African Americans were unemployed in the south, since white have priority over the job market than African Americans, it’s harder for them to get a job. African American started to move to North to search, but little difference did it make. Many took the position as janitors, street cleaners, and domestic servants. Mexican American and Chinese American were no better off, whites started to take over those jobs for Mexican and Chinese American.
Some people were so ashamed of their unemployment that they turned to suicide. The Great Depression forced many banks to close, taking many peoples money with them. My grandma had the better end of the stick when it came to most families in the Great Depression. However, that didn’t mean it was easy; her family still often struggled to get by. With President Hoover in office, it didn’t seem like anything would ever change.
Segregation was a way of life for almost all southerners from the period between the end of Reconstruction (1876) to the passage of the Civil Rights Act (1964). This covers the period known as The Great Depression (1929-1939). During this period banks lost billions of dollars and everyone was affected, even the wealthiest people. However, the effects of The Great Depression were felt the greatest for the poor. These people did not have any money, nor did they have a job to make money.
They had no job security during the Great Depression. Blacks who were once farmers and tenants of farmers were forced to give their jobs to whites. The slogan “last hired and first fired” was well known throughout the African American community. Both whites and blacks were out of work however the “negro unemployment rate rose from 4.8% in 1930 to 8.8% in 1933, while unemployment for whites only rose from 4.2% to 5.4% in the same period. (pg153) Blacks were forced off their jobs with threats, violence and sometimes even death.
so during the depression they lost money like the men did. They were only a percentage of the people involved in the stock market however, it was mostly still men. Women also stopped buying as many labour saving devices during this time. African Americans during the Depression were mostly still working on farms. They suffered like the rest of the farming population with debts and surplus produce.