Will Babcock’s letter to 5th graders

Dear, 5th Graders
The Great Depression was a very sad time in American History. It was the time period before World War II. One of the main causes of the Great Depression was people spending money on things that they could not afford. Also banks started to fail and people couldn’t get their money out of their banks that were holding their money. Droughts also swept across the United States putting farmers in a bad spot and the rest of the country didn’t have any food to eat.

Factories were also making too many items and didn’t sell enough of those items. People lost their jobs because of factories cutting jobs and saving money. As businesses were failing, the government created the Smoot-Hawley Tariff to help protect American companies. This charged a high tax for imports there for leading to less trade between America and foreign countries along with some economic retaliation. When America is not doing well the rest of the world has issues as well. Thank you for your time.imagesfsa-dust-bowl-farm-32396-700