1931 headline newspaper GREAT DEPRESSION forces WAGES LOWER & creates JOB LOSSES

Description

1931 headline newspaper GREAT DEPRESSION forces WAGES LOWER & creates JOB LOSSES
- inv # 8S-302
SEE PHOTO----- COMPLETE, ORIGINAL NEWSPAPER, the
Alliance Review
(OH) dated May 6, 1931.
This newspaper contains a bold banner headline that effectively communicated to the public at large the
JOB LOSSES and WAGE REDUCTION for many American workers during the GREAT DEPRESSION
in the aftermath of the 1929 Stock Market Crash.
Nice display newspaper headline that "says what you want it to say" about the effects of the GREAT DEPRESSION on the US economy.
The
Great Depression
began in 1929, when the United States economy first went into an
economic recession
. Although the country spent two months with declining
GDP
, it was not until the
Wall Street Crash of October, 1929
that the effects of a declining economy were felt, and a major worldwide economic downturn ensued. The market crash marked the beginning of a decade of high unemployment, poverty, low profits,
deflation
, plunging farm incomes, and lost opportunities for economic growth and personal advancement. Although
its causes
are still uncertain and controversial, the net effect was a sudden and general loss of confidence in the economic future.
The usual explanations include numerous factors, especially high consumer debt, ill-regulated markets that permitted overoptimistic loans by banks and investors, and the lack of high-growth new industries, all interacting to create a downward economic spiral of reduced spending, falling confidence, and lowered production.
Industries that suffered the most included construction, agriculture as
dust-bowl conditions
persisted in the agricultural heartland, shipping, mining, and logging as well as durable goods like automobiles and appliances that could be postponed. The economy reached bottom in the winter of 1932–33; then came four years of very rapid growth until 1937, when the
Recession of 1937
brought back 1934 levels of unemployment.
The Depression caused major political changes in America. Three years into the depression,
Herbert Hoover
lost the
1932 presidential election
to
Franklin Delano Roosevelt
in a sweeping landslide. Roosevelt's economic recovery plan, the
New Deal
, instituted unprecedented programs for relief, recovery and reform, and brought about a major realignment of American politics.
Very good condition. This listing includes the complete entire original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay priority mail postage which includes waterproof plastic and a heavy cardboard flat to protect your purchase from damage in the mail. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package.
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