Of Mice and Men Topic Research
16.2.16The Great Depression
The amount of resources needed for the U.S. in World War I contributed to being the first domino of the U.S. economy's depletion in the 1920s. According to HyperHistory which provides a timeline of the Great Depression, the U.S. federal government had to "...spend three times larger than tax collections." during the war. Following it's end, the U.S. had to deal with the cutting back of their budget in order to compensate for what they spent during the war. This attempt, though, was unsuccessful in saving the economy. In addition to this, the amount of labor that was available are as follows: "The United Mine Workers Union will see its membership fall from 500,000 in 1920 to 75,000 in 1928. The American Federation of Labor would fall from 5.1 million in 1920 to 3.4 million in 1929." This decimated the various companies that needed those workers. Thus, causing millions of workers to go jobless; resulting to the inability of purchase from the middle-classes.
"Digital History." Digital History. N.p., n.d. Web. 16 Feb. 2016.
"Timeline of the Great Depression." Timeline of the Great Depression. N.p., n.d. Web. 16 Feb. 2016.
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