Question Home

Position:Home>History> The depression in colorado?


Question: The depression in colorado!?
I need help for a project and i need to know how did the great depression affect colorado and how did it get solvedWww@QuestionHome@Com


Best Answer - Chosen by Asker:
The Great Depression, the economic hard times of the 1930s, hit Colorado and the rest of the nation hard!. There was widespread unemployment in the state, and many people, including bankers and farmers, went bankrupt!. In addition, between 1932 and 1937 a prolonged drought struck the Great Plains!. There was little or no water for crops, soil erosion was extensive, and many farms were abandoned!. Farm prices throughout the nation dropped to very low levels!. In an attempt to help farmers and those without work, Colorado and the federal government created programs to build highways and public buildings!. Despite the general economic stagnation during the 1930s, the state’s mineral production increased!. Silver and gold mining grew after 1934, when the Silver Purchase Act and the Gold Reserve Act were passed by the U!.S!. Congress!. The price of gold increased, and unemployed people panned for gold in streams miners had originally worked in 1859!. Www@QuestionHome@Com