103-670: Big Basin Redwoods State Park is a state park in the U.S. state of California , located in Santa Cruz County , about 36 km (22 mi) northwest of Santa Cruz . The park contains almost all of the Waddell Creek watershed , which was formed by the seismic uplift of its rim, and the erosion of its center by the many streams in its bowl-shaped depression. Big Basin is California's oldest state park , established in 1902, earning its designation as
206-559: A California Historical Landmark . Its original 3,800 acres (15 km) have been increased over the years to over 18,000 acres (73 km). It is part of the Northern California coastal forests ecoregion and is home to the largest continuous stand of ancient coast redwoods south of San Francisco . It contains 10,800 acres (44 km) of old-growth forest as well as recovering redwood forest, with mixed conifer , oaks , chaparral and riparian habitats . Elevations in
309-634: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,
412-526: A land lease from the U.S. government , while Mackinac National Park was handed down to become the first of the Michigan state parks . As with national parks, facilities at state parks are often leased to concessionaires to operate. Breaks Interstate Park is operated under an interstate compact by Virginia state parks , although it is also one of the Kentucky state parks , straddling both sides of
515-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around
618-419: A 564-acre (228 ha) parcel known as Cascade Creek in 2020 that links Big Basin with Año Nuevo State Park . The CZU Lightning Complex fires started on August 16, 2020 and burned 86,509 acres across Santa Cruz and San Mateo counties. The fire spread quickly, and the area was evacuated on August 18. On August 20, it was reported that the park's historic headquarters building had been completely destroyed, and
721-589: A few exceptions such as Anza-Borrego Desert State Park in California, and Wood-Tikchik State Park in Alaska, the largest state park in the United States . In addition to preserving natural landscapes and providing recreational opportunities, many state parks also serve as important educational resources . They often offer guided tours, interpretive programs, and exhibits that help visitors learn about
824-604: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to
927-467: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to
1030-521: A grizzly attack in the wild occurred in Big Basin when, in 1875, William Waddell, a lumber mill owner, was killed near Waddell Creek. Bird life is abundant throughout the park. Steller's jays and acorn woodpeckers are both seen and heard, and the dark-eyed junco is widespread. Less obvious are the brown creeper , Anna's hummingbird , northern flicker , olive-sided flycatcher and sharp-shinned hawk . The first marbled murrelet nest ever sighted
1133-600: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside
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#17327797192861236-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and
1339-699: A restaurant) for lodging at some parks. These typically use "Resort" in the name, such as "_____ Resort State Park" in West Virginia state parks and "_____ State Resort Park" in neighboring Kentucky state parks , which has 17 such resort parks, the most of any state. Other states use the Resort name inconsistently (like DeGray Lake Resort State Park , the only one out of three resorts in Arkansas state parks ), or have only one such park ( South Carolina state parks ' Hickory Knob State Resort Park ), or do not use
1442-567: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In
1545-480: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of
1648-713: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to
1751-658: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation
1854-549: Is more popular because of the famous trees. This route passes Castle Rock State Park (California) on the eastern side of the Santa Cruz range. From SR 1, Gazos Creek road offers a pleasant fire-road route for mountain bikes (road closed to motor vehicles), which can then descend into the headquarters area or turn off on Johansen fire road to join China Grade above its intersection with State Route 236 . After reopening
1957-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated
2060-539: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that
2163-424: The Civilian Conservation Corps and Works Progress Administration . Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around the world. The economic contagion began in 1929 in
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#17327797192862266-650: The Great Depression of the 1930s, the Civilian Conservation Corps assigned a company to Big Basin. These men built the amphitheater , miles of trails, and many of the buildings still used today. The main administration building , built by the CCC in 1936, was listed on the National Register of Historic Places prior to its destruction in the 2020 fires. Save the Redwoods League purchased
2369-582: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of
2472-774: The United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on the stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until
2575-539: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,
2678-513: The wildflowers : redwood sorrel , salal , redwood violets , trillium , star lily and mountain iris . The rains of fall and winter deliver hundreds of kinds of fungi in a startling variety of shapes, sizes and colors. Upon climbing to higher elevations, one will find the forest growing thinner, as redwoods are replaced by more drought-tolerant species. The higher, drier ridges and slopes of Big Basin are typically full of chaparral vegetation: knobcone pines , chinquapin and buckeye create
2781-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It
2884-402: The 1967 Disney film, The Gnome-Mobile . State park State parks are parks or other protected areas managed at the sub-national level within those nations which use "state" as a political subdivision. State parks are typically established by a state to preserve a location on account of its natural beauty, historic interest, or recreational potential. There are state parks under
2987-591: The Big Basin redwood forest began at Stanford University on May 1, Soon after Santa Cruzans led an excursion to the park where seven men and two women formed the Sempervirens Club . The Sempervirens galvanized the state-wide effort resulting in ground-breaking legislation being signed into law in March 1901. The official land transfer occurred in 1902: The California Redwood Park initially consisted of 3,800 acres (15 km), most of it old growth forest. In
3090-813: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with
3193-471: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there
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3296-521: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in
3399-489: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit
3502-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There
3605-642: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade
3708-481: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on
3811-544: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This
3914-490: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending
4017-685: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in
4120-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had
4223-638: The Wall Street crash, after which the slide continued for three years, which was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in
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4326-466: The adjacent Theodore J. Hoover Natural Preserve , a freshwater marsh . The park has many waterfalls , a wide variety of environments (from lush canyon bottoms to sparse chaparral-covered slopes), many species of mammals ( deer , raccoons , an occasional bobcat ) and abundant bird life – including Steller's jays , egrets , herons and acorn woodpeckers . The CZU Lightning Complex fires in August 2020 burned over 97% of Big Basin and destroyed
4429-897: The administration of the government of each U.S. state , some of the Mexican states , and in Brazil . The term is also used in the Australian states of Victoria and New South Wales . The equivalent term used in Canada, Argentina, South Africa, and Belgium, is provincial park . Similar systems of local government maintained parks exist in other countries, but the terminology varies. State parks are thus similar to national parks , but under state rather than federal administration. Similarly, local government entities below state level may maintain parks, e.g., regional parks or county parks . In general, state parks are smaller than national parks, with
4532-460: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why
4635-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate
4738-456: The campgrounds around the park were extensively damaged. After actively burning for 37 days, the fires were contained on September 22. Over 97% of Big Basin was burned and nearly every structure was destroyed. This was the first major wildfire in Big Basin in over 100 years, which had previously burned in 1904. This led to a greater intensity of the CZU fires, causing severe damage to the majority of
4841-561: The canopy, with ceanothus , manzanita , chamise , and chaparral pea growing dense and low. Adding a splash of color are wildflowers such as Indian paintbrush , monkey flower , bush poppies and yerba santa . Near the mouth of Waddell Creek is the Theodore J. Hoover Natural Preserve , a rare relatively undisturbed freshwater marsh. This special place provides habitat for a wide variety of birds , reptiles and amphibians . The nearby Rancho Del Oso Nature and History Center interprets
4944-462: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which
5047-675: The country's state parks. The NASPD further counts over 43,000 miles (69,000 km) of trail, 217,367 campsites, and 8,277 cabins and lodges across U.S. state parks. The largest state park system in the United States is Alaska State Parks , with over 100 sites encompassing 3.3 million acres. Many states include designations beyond "state park" in their state parks systems. Other designations might be state recreation areas , state beaches, and state nature reserves . Some state park systems include long-distance trails and historic sites . To encourage tourism in rural areas, several states have simple lodges, inns, hotels, or motels (usually with
5150-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downturn, they fail to account for its severity and longevity; they argue that these were caused by
5253-625: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what
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#17327797192865356-407: The cultural and natural history of the area. Mammals such as black-tailed deer , western gray squirrels , chipmunks and raccoons are common, but foxes , coyotes , bobcats , and opossums are also present. Cougars are known to live in the park but are rarely sighted. Grizzly bears are extinct in California, but were numerous in the past. The last known human to die in California due to
5459-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered
5562-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and
5665-478: The designation at all (such as the lodges of Georgia state parks ). The term "lodge" may also refer to a hiking lodge , essentially a large cabin for hikers rather than a large facility with private rooms and a restaurant. Other lodging may include yurts and tipis . Not all parks owned by a state are necessarily part of its state-park system, such as Stone Mountain Park near Atlanta. Some Texas state parks are
5768-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did
5871-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of
5974-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought
6077-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though
6180-500: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating
6283-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be
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#17327797192866386-505: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August
6489-455: The following decades, visitation to Big Basin grew steadily as park amenities were developed. The Big Basin Inn offered cabins to rent, a restaurant, general store, barber shop, gas station and photographic studio. There were also a post office, a concrete swimming pool, boating areas, tennis courts and a dance floor. Campsites cost 50 cents a night in 1927 and many families stayed all summer. During
6592-606: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing
6695-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,
6798-403: The hundred structures destroyed, and the park superintendent estimated it might be up to a year before the public will be allowed safe access to park trails. The burnt wreckage of 1,490 structures and 15,000 charred trees, mainly Douglas fir, had fallen or were in danger of falling onto the hiking trails. One year after the fire, the clean up and rebuilding process began. The park remained closed to
6901-527: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at
7004-563: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with
7107-493: The local flora , fauna , geology , and cultural history of the area. These programs are designed not only to enhance the visitor experience but also to promote conservation awareness and encourage responsible enjoyment of natural resources. There are 6,792 state park units in the United States, according to the National Association of State Park Directors (NASPD). There are some 813 million annual visits to
7210-521: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,
7313-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then
7416-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view
7519-502: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and
7622-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that
7725-582: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In
7828-420: The old growth trees. While some of the trees fell during and after the fires, the majority of the ancient redwoods remain standing. However, studies have shown that only 24% of the forest in Big Basin is still alive and regrowing due to the intensity of the fires and drought in the following years, and the old growth forest may never fully recover. An April 2021 backcountry tour revealed the scorched landscape and
7931-605: The park after the CZU Lightning Complex fires , the Santa Cruz Metropolitan Transit District expanded its bus route 35 service to run four trips to and from the park on weekends only. Big Basin plays the part of the fictional "Bolderoc National Park" in the 1942 George Marshall film, The Forest Rangers . It also stands in for Muir Woods in the 1958 Alfred Hitchcock film, Vertigo and for Redwood National Park in
8034-567: The park headquarters, closing the park for 2 years during rebuilding efforts before it reopened in Summer 2022. Archaeological evidence has sporadically found prehistoric people inhabited old growth forests within the Park. Numerous resources would have been available to California Indians in the old growth forests, such as basketry material, plant foods like acorns and bulbs as well as animal prey for hunters and perhaps traditional sacred places. Ohlone tribes that lived on watercourses which begin in
8137-603: The park is the Pacific rattlesnake ( Crotalus oreganus ), found almost exclusively in the high, dry chaparral. The damp, shady woodland floor is home to a variety of amphibians . Commonly seen species include the California newt ( Taricha torosa torosa ), Pacific tree frog ( Pseudacris regilla ), and arboreal salamander ( Aneides lugubris ). Less commonly seen are the black salamander ( Aneides flavipunctatus ) and California giant salamander ( Dicamptodon ensatus ) and
8240-480: The park vary from sea level to over 600 m (2,000 ft). The climate ranges from foggy and damp near the ocean to sunny, warm ridge tops. The park has over 130 km (81 mi) of trails. Some of these trails link Big Basin to Castle Rock State Park and the eastern reaches of the Santa Cruz range . The Skyline-to-the-Sea Trail threads its way through the park along Waddell Creek to Waddell Beach, and
8343-511: The park were the Quiroste , Achistaca, Cotoni and Sayante. In October 1769, the Portola expedition encountered the redwoods of southern Santa Cruz County, and camped at the mouth of Waddell Creek, in present-day Big Basin, later that month. Although many in the party had been ill with scurvy , they gorged themselves on berries and quickly recovered. This miraculous recovery, as it seemed at
8446-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during
8549-480: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in
8652-459: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in
8755-482: The public until July 22, 2022. Almost two years after the fire, Big Basin partially reopened 8 hiking trails for day use. Although redwoods dominate the landscape, many other plant species are common in Big Basin. One will certainly see coast Douglas-fir , tan oak , Pacific madrone , and Pacific wax myrtle trees in the park. Competing for sunshine are also many shrubs such as red huckleberries , western azalea , and many varieties of ferns . Spring and summer bring
8858-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of
8961-419: The state line. Other multi-state parks are legally two separate parks with the same name and more informal cooperation between them. The title of oldest state park in the United States is claimed by Niagara Falls State Park in New York , established in 1885. Several public parks previously or currently maintained at the state level pre-date it. Indian Springs State Park has been operated continuously by
9064-454: The state of Georgia as a public park since 1825, although it did not gain the title "State Park" until 1931. In 1864 Yosemite Valley and Mariposa Grove were ceded by the federal government to California until Yosemite National Park was proclaimed in 1890. In 1878 Wisconsin set aside a vast swath of its northern forests as "The State Park" but, needing money, sold most of it to lumber companies within 20 years. Mackinac National Park
9167-629: The threatened California red-legged frog ( Rana draytonii ). Particularly intriguing are banana slugs ( Ariolimax spp.), which can reach 6 inches long. The butterfly, California sisters ( Adelpha bredowii ), flutter high in the tree canopies. Big Basin Redwoods State Park previously had many options for camping, including cabins, developed campsites, and trail camps. Within the park, there were 146 individual campsites, 36 cabins, and five trail camps. The 2020 CZU Lightning Complex fires destroyed many campgrounds; as of Summer 2024, none have re-opened. Each campground at Big Basin Redwoods State Park
9270-433: The time, inspired the name given to the valley: 'Cañada de la Salud' or Canyon of Health. By the late 19th century, redwood forests were gaining international appreciation while also being decimated. Early conservationists, including notable Santa Cruzans William T. Jeter and A.A. Taylor were joined by Santa Clara County activists Andrew P. Hill , Father Robert Kenna and Carrie Stevens Walter . Their movement to preserve
9373-476: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and
9476-673: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in
9579-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among
9682-658: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject
9785-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did
9888-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of
9991-473: Was established in 1875 as the second U.S. national park before being converted to a state park in 1895. The first state park with the designation of "state park" was Itasca State Park in Minnesota , established in 1891. Many state park systems date to the 1930s, when around 800 state parks (and several national ones) across the country were developed with assistance from federal job-creation programs like
10094-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing
10197-500: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by
10300-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened
10403-478: Was located in Big Basin not far from the park headquarters. These robin-sized seabirds nest high in the oldest coast Douglas-firs and redwoods to feed their young. They can be seen or heard at dawn and dusk, high above the forest canopy. Many reptiles are also present, but aside from the ubiquitous Coast Range subspecies of the western fence lizard ( Sceloporus occidentalis bocourtii ), most are rarely seen due to their shy behavior. The only dangerous reptile in
10506-519: Was open on a different schedule during the year. The Huckleberry and Sequoia Campgrounds were open year round while Blooms Creek, Sempervirens, Watashi and Sky Meadow Campgrounds were seasonal. The park is about two hours south of San Francisco , or seven hours north of Los Angeles . Big Basin can be approached from the east, through redwood forest and coastal mountains, or from the coast, along State Route 1 . The eastern route, over State Route 9 through Saratoga and smaller towns like Boulder Creek
10609-470: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that
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