In the United States , the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment , famine, poverty, low profits, deflation , plunging farm incomes, and lost opportunities for economic growth as well as for personal advancement. Altogether, there was a general loss of confidence in the economic future.
114-487: Issaquah Creek is a small stream flowing through the city of Issaquah and nearby communities, in the U.S. state of Washington . Its headwaters are on the slopes of Cougar , Squak , Tiger , and Taylor mountains in the Issaquah Alps . Tributaries of Issaquah Creek include Holder Creek, Carey Creek, Fifteen-mile Creek, McDonald Creek, East Fork Issaquah Creek, and North Fork Issaquah Creek. The creek empties into
228-702: A Great Contraction of the economy from 1929 until the New Deal began in 1933. This view was endorsed by Fed Governor Ben Bernanke who in 2002 said in a speech honoring Friedman and Schwartz: 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. — Ben S. Bernanke The Wall Street Crash of 1929
342-687: A warm-summer Mediterranean climate ( Köppen : Csb ) with chilly, extremely wet winters and warm, moderately humid summers. Although there is no dry season in Issaquah, winters are many times wetter than the summers. Rainfall amounts are extremely similar to the neighboring city of Sammamish , which is 0.06 inches wetter overall, with the same summer rain amounts. Warehouse retailer Costco has been headquartered in Issaquah since 1996. Other major Issaquah employers include Microsoft, Siemens Medical Solutions ' Ultrasound Group, Overtime Technologies, Boehm's Candies, and Darigold . Apparel wholesaler SanMar
456-604: A 24-hour emergency room in November 2011. The campus also includes medical offices and specialty care facilities. Bellevue-based Overlake Hospital Medical Center also petitioned the state government to open a hospital in Issaquah, but lost to Swedish's bid. Great Depression in the United States The usual explanations include numerous factors, especially high consumer debt , ill-regulated markets that permitted overoptimistic loans by banks and investors, and
570-484: A deficit for the first time (the deficit was less than 2.8% of GDP). By the end of 1931, Hoover had decided to recommend a large increase in taxes to balance the budget; in addition, Congress approved the tax increase in 1932, a substantial reduction in personal immunity to increase the number of taxpayers, and the interest rates had risen sharply, the lowest marginal rate rose from 25% on taxable income in excess of $ 100,000 to 63% on taxable income in excess of $ 1 million as
684-425: A free circulator bus (route 200) between business districts and community centers in Issaquah as a form of traffic congestion relief. As part of the expansion of Sound Transit services, a Link light rail line to Issaquah from Bellevue is proposed to begin service by 2041. The Issaquah Alps are a range of highlands situated around the city of Issaquah that include hiking trails and other outdoor activities. It
798-470: A job to anyone who showed up at the factory gate. The war brought a restoration of prosperity and hopeful expectations for the future across the nation. It had the greatest impact on the cities of the West Coast, especially Los Angeles, San Diego, San Francisco, Portland and Seattle. Economic historians led by Price Fishback have examined the impact of New Deal spending on improving health conditions in
912-606: A normal part of economic life. Worried depositors started to withdraw savings, so the money multiplier worked in reverse. Banks were forced to liquidate assets (such as calling in loans rather than creating new loans). This caused the money supply to shrink and the economy to contract (the Great Contraction ), resulting in a significant decline in aggregate investment. The decreased money supply further aggravated price deflation , putting more pressure on already struggling businesses. The U.S. Government 's commitment to
1026-475: A number of important political analyses on the subjugation of Black women, termed "triple exploitation" by Louise Thompson Patterson in her 1936 article "Toward a Brighter Dawn." As the Great Depression trekked onward, homelessness spiked. For the first time in American history, the issue of homelessness was brought to the forefront of the public eye. In search of work, men would board trains and travel across
1140-477: A physician or a midwife to perform the abortion. The Comstock laws effectively prevented women from accessing or talking about contraception until 1950 when it was repealed with the Griswold v. Connecticut case. Only a few states allowed physicians to provide information and contraception. Despite this, women and companies found ways around this law to receive and provide birth control. The most popular method
1254-436: A result caused several of the everyday individuals to speculate on the economy in the coming months. Rumors of market stability and banking conditions began to spread, consumer confidence continued to drop and panic began to set in. Contagion spread like wildfire pushing Americans all over the country to withdraw their deposits en masse . This idea would continue from 1929 to 1933 causing the greatest financial crisis ever seen at
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#17327917983551368-525: A sense of humor but sometimes housewife rage exploded. In Chicago, angry Polish housewives doused thousands of pounds of meat with kerosene and set it on fire at the warehouses of the Armour Company to dramatize their belief that high prices were not the result of shortages. Formal organizations were formed by housewives as well, based on the power of these earlier community-based demonstrations: United Council of Working Class Women, Women's Committee of
1482-424: A single day, more than $ 30 billion in the week. The value that evaporated that week was ten times more than the entire federal budget and more than all of what the U.S. had spent on World War I . By 1930 the value of shares had fallen by 90%. Since many banks had also invested their clients' savings in the stock market, these banks were forced to close when the stock market crashed. After the stock market crash and
1596-725: A way for the hungry to access free food. However, these kitchens were also overcrowded and often ran out of food before everyone could be served, so they were not always a reliable source of food. Homeless individuals that did not stay in shelters sometimes stayed in shantytowns, or "Hoovervilles" (named after Herbert Hoover, the president in office when the Depression began). These "Hoovervilles" were self-made communities of homeless people that followed their own rules and established their own society. Men, women, and even some children lived in these shantytowns and people from all different types of socio-economic backgrounds lived together, which
1710-527: A whole experienced a massive reduction in banking footholds across the country amounting to more than nine thousand closed banks by 1933. The closures resulted in a massive withdrawal of deposits by millions of Americans estimated at near $ 6.8 billion ($ 136 billion in 2023 dollars). During this time the Federal Deposit Insurance Corporation (FDIC) was not in place resulting in a loss of roughly $ 1.36 billion (or 20%) of
1824-501: Is also headquartered in the city. According to a 2021 estimate, the median income for a household in the city was $ 132,984, and the median income for a family was $ 115,814. The per capita income for the city was $ 78,581. According to the Washington State Office of Financial Management, Issaquah ranked 6th of 279 eligible incorporated communities in population growth between 2000 and 2005. Forbes.com ranked Issaquah
1938-402: Is an important salmon migration and spawning area. Carry Creek and Holder Creek, in the upper Issaquah Creek basin, provide particularly excellent salmonid habitat. Every October people gather on its shores (especially during Issaquah's Salmon on Sunset celebration, which has several viewpoints staffed with Friends of Issaquah Salmon Hatchery FISH docents explaining the salmon run) to watch
2052-413: Is by Michael Darby in 1976. He put the unemployment rate at a peak of 22.5 percent in 1932. Job losses were less severe among women, workers in non durable industries (such as food and clothing), services and sales workers, and those employed by the government. Unskilled inner city men had much higher unemployment rates. Age also played a factor. Young people had a hard time getting their first job. Men over
2166-511: Is evident that the banking system suffered massive reductions across the country due to the lack of consumer confidence. As withdraw requests would exceed cash availability banks began conducting steed discount sales such as fire sales and short sales. Due to the inability to immediately determine current value worth these fire sales and short sales would result in massive losses when recuperating any possible revenue for outstanding and defaulted loans. This would allow healthy banks to take advantage of
2280-604: Is located 15 miles (24 km) east-southeast of Seattle at the south end of Lake Sammamish . Its neighboring cities are Bellevue to the west and Sammamish to the north. Issaquah resides within the Mountains to Sound Greenway . According to the United States Census Bureau , the city has a total area of 11.40 square miles (29.53 km ), of which 11.38 square miles (29.47 km ) are land and 0.02 square miles (0.05 km ) are water. Issaquah
2394-577: Is noted by many to have been the biggest player in reforming healthcare for Black folks during the Depression. The efforts of these "Militant Housewives" had lasting effects on the United States, predominantly the expansion of welfare and the growth of diverse feminist movements, as well as the strengthening of unionization movements in the US. Black women's involvement in Communist organizing produced
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#17327917983552508-669: Is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations. In the years leading up to 1929, the rising stock market prices had created vast sums of wealth in relation to amounts invested, in turn encouraging borrowing to buy more stock. However, on October 24 (Black Thursday), share prices began to fall and panic selling caused prices to fall sharply. On October 29 (Black Tuesday), share prices fell by $ 14 billion in
2622-449: Is precisely because of the shaky banking system, the United States was using monetary policy to save the economy that had been severely constrained. The American economist Charles P. Kindleberger of long-term studying of the Great Depression pointed out that in the 1929, before and after the collapse of the stock market, the Fed lowered interest rates, tried to expand the money supply and eased
2736-468: Is primarily composed of three distinct peaks: Tiger Mountain , Cougar Mountain , and Squak Mountain . Paragliders and hang gliders launch from Poo Poo Point on Tiger Mountain in the Issaquah Alps. Several popular trailheads in the area are served by Trailhead Direct , a shuttle bus service managed by King County Metro . The Issaquah Valley Trolley is a heritage trolley operated by
2850-788: Is surrounded on three sides by what are known locally as the Issaquah Alps : Cougar Mountain on the west, Squak Mountain to the south, and Tiger Mountain to the southeast. To the north of Issaquah is Lake Sammamish. Cougar and Squak Mountains are home to sizable neighborhoods on their lower slopes, though the bulk of all three mountains are preserved in public ownership as Squak Mountain State Park , Cougar Mountain Regional Wildland Park , West Tiger Mountain NRCA, and Tiger Mountain State Forest . Geologists have noted
2964-460: Is the most visited hatchery in Washington with an estimated 350,000 visitors annually. Issaquah Salmon Days is an annual two-day festival held in Issaquah during early October to celebrate the return of spawning salmon to the area. It includes a parade, arts and crafts conventions, live entertainment and music, and sporting events. In 2005, the register revealed over 400,000 people attended
3078-530: The 1938 United States elections the Republicans made an unexpected comeback, and Roosevelt's efforts to purge the Democratic Party of his political opponents backfired badly. The conservative coalition of Northern Republicans and Southern Democrats took control of Congress, outvoted the urban liberals, and halted the expansion of New Deal ideas. Roosevelt survived in 1940 thanks to his margin in
3192-532: The Democratic National Committee , to refer sardonically to President Herbert Hoover whose policies Michelson blamed for the depression. The government did not calculate unemployment rates in the 1930s. The most widely accepted estimates of unemployment rates for the Great Depression are those by Stanley Lebergott from the 1950s. He estimated that unemployment reached 24.9 percent in the worst days of 1933. Another commonly cited estimate
3306-545: The Gold Standard as the country's currency gauge throughout the following years. As a result, the American shareholders with the majority of the gold reserves began to grow wary of the value of gold in the near future. Europe 's decision to move away from the Gold Standard caused individuals to start to withdraw gold shares and move the investments out of the country or began to hoard gold for future investment. The market continued to suffer due to these reactions, and as
3420-476: The Great Depression . The town's industries remained similar through most of the century, with Boeing providing the majority of employment in the area. Microsoft and other technological industries moved into Redmond and other cities in the area, and later established operations in Issaquah itself. In June 1996, Costco moved its global headquarters to Issaquah from nearby Kirkland . Issaquah
3534-739: The New Deal , instituted unprecedented programs for relief, recovery and reform, and brought about a major realignment of politics with liberalism dominant and conservatism in retreat until 1938. There were mass migrations of people from badly hit areas in the Great Plains (the Okies ) and the South to places such as California and the cities of the North (the Great Migration ). Racial tensions also increased during this time. The memory of
Issaquah Creek - Misplaced Pages Continue
3648-608: The Sammamish Plateau to the north and the " Issaquah Alps " to the south. It is home to the headquarters of the multinational retail company Costco Wholesale Corporation . Issaquah is included in the Seattle metropolitan area . "Issaquah" is an anglicization of the Southern Lushootseed placename /sqʷáxʷ/, meaning either "the sound of birds", "snake", or "little stream". "Squak Valley", an older name for
3762-421: The gold standard prevented it from engaging in expansionary monetary policy . High interest rates needed to be maintained in order to attract international investors who bought foreign assets with gold. However, the high interest also inhibited domestic business borrowing. The U.S. interest rates were also affected by France 's decision to raise their interest rates to attract gold to their vaults. In theory,
3876-416: The 114 largest cities, 1929–1937. They estimated that every additional $ 153,000 in relief spending (in 1935 dollars, or $ 1.95 million in year 2000 dollars) was associated with a reduction of one infant death, one suicide, and 2.4 deaths from infectious disease. The Great Depression's political landscape proved conducive to the first large-scale movement of class-conscious working-class women organizers since
3990-530: The 2020 census. As of the 2000 census , there were 11,212 people, 4,840 households, and 2,908 families residing in the city. The population density was 1,330.9 people per square mile (514.1/km ). There were 5,195 housing units at an average density of 616.7 per square mile (238.2/km ). The racial makeup of the city was 87.95% White, 0.88% African American, 0.63% Native American, 6.04% Asian, 0.11% Pacific Islander, 1.46% from other races, and 2.93% from two or more races. Hispanic or Latino of any race made up 4.95% of
4104-590: The 2nd fastest-growing suburb in the state and the 89th in the nation. As of the 2010 census , there were 30,434 people, 12,841 households, and 8,018 families residing in the city. The population density was 2,674.3 inhabitants per square mile (1,032.6/km ). There were 13,914 housing units at an average density of 1,222.7 per square mile (472.1/km ). The racial makeup of the city was 74.7% White, 1.4% African American, 0.4% Native American, 17.5% Asian, 0.1% Pacific Islander, 1.8% from other races, and 4.1% from two or more races. Hispanic or Latino of any race made up 5.8% of
4218-411: The Depression also shaped modern theories of government and economics and resulted in many changes in how the government dealt with economic downturns, such as the use of stimulus packages , Keynesian economics , and Social Security . It also shaped modern American literature, resulting in famous novels such as John Steinbeck 's The Grapes of Wrath and Of Mice and Men . Examining the causes of
4332-504: The Great Depression raises multiple issues: what factors set off the first downturn in 1929; what structural weaknesses and specific events turned it into a major depression; how the downturn spread from country to country; and why the economic recovery was so prolonged. Many rural banks began to fail in October 1930 when farmers defaulted on loans. There was no federal deposit insurance during that time as bank failures were considered
4446-496: The Great Depression due to the lack of confidence in the regulatory and recovery displayed during the 1920s, this ultimately drove a nation of doubts, uneasiness, and lack of consumer confidence in the banking system. With a lack of consumer confidence in the economic direction given by the federal government panic started to spread across the country shortly after the Wall Street Crash of 1929 . President Hoover retained
4560-672: The Issaquah Historical Society on a section of the city's remaining railroad tracks from the Issaquah Depot to Gilman Village. A pilot was organized from 2001 to 2002 with cars borrowed from Yakima Valley Trolleys and followed by the Issaquah Historical Society's acquisition of their own three cars in 2010. Regular public rides started in October 2012 and operated seasonally on weekends until November 2020. The Village Theatre has presented live stage plays on its main stage in downtown Issaquah since 1979. It
4674-513: The New Deal through the Hoover and Roosevelt administration. One visible effect of the depression was the advent of Hoovervilles , which were ramshackle assemblages on vacant lots of cardboard boxes, tents, and small rickety wooden sheds built by homeless people. Residents lived in the shacks and begged for food or went to soup kitchens. The term was coined by Charles Michelson, publicity chief of
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4788-403: The North were limited, they were nonexistent in the South. Many homeless African Americans relied on aid from their own communities. Churches and Black-run organizations often provided their own soup kitchens and shelters to make up for aid the government wasn't providing its African American citizens. Both birth control and abortion were illegal prior to and during the Great Depression. With
4902-775: The Salmon Days Festival. The Cougar Mountain Zoo is located on 8 acres (3.2 ha) west of Issaquah on the north slope of Cougar Mountain. The zoo was founded in 1972 and is home to many endangered birds and animals, as well as cougars, lemurs, reindeer, and wallabies. In 2007, the zoo added two Bengal tiger cubs who had been raised in a Florida preserve. Gilman Village is a shopping center created in 1972 from historic residential and commercial buildings that were moved and renovated for use as independent shops and restaurants. The complex has 27 buildings with various businesses, including specialty shops. The shopping center
5016-474: The Solid South and in the cities. In the North the cities over 100,000 gave Roosevelt 60% of their votes, while the rest of the North favored Willkie 52–48%. With the start of full-scale war mobilization in the summer of 1940, the economies of the cities rebounded. Even before Pearl Harbor, Washington pumped massive investments into new factories and funded round-the-clock munitions production, guaranteeing
5130-517: The U.S. and some others the negative economic impact often lasted until the beginning of World War II, when war industries stimulated recovery. There is little agreement on what caused the Great Depression, and the topic has become highly politicized. At the time the great majority of economists around the world recommended the "orthodox" solution of cutting government spending and raising taxes. However, British economist John Maynard Keynes advocated large-scale government deficit spending to make up for
5244-466: The U.S. government. Due to the downturned economy, jobs were scarce and Black men were a huge target of the lay-offs, making up a large population of the unemployed during the Depression. Black folks were also still unable to vote at this time in the Jim Crow south, meaning Black families were facing immense compounding pressures. These conditions set the precedent for Black women to take action and demand
5358-440: The U.S. would have two potential responses to that: allow the exchange rate to adjust, or increase their own interest rates to maintain the gold standard. At the time, the U.S. was pegged to the gold standard. Therefore, Americans converted their dollars into francs to buy more French assets, the demand for the U.S. dollar fell, and the exchange rate increased. One of the only things the U.S. could do to get back into equilibrium
5472-405: The United States have a long history of activism regarding housing and the cost of food despite the common and longstanding misconception that homemakers are passive and apolitical. The rising prices in the U.S. meant a new issue for consumers: the concept of being an "ethical consumer" and reckoning with their own consumer behavior in the ever-changing markets. As the government acted minimally at
5586-670: The Washington Commonwealth Federation, Women's Committee against the High Cost of Living, Housewives Industrial League, and the Housewives' League of Detroit to name a few. New ways of activism came out of these boycotts and a renewed awareness of where folks were putting their money came with concerns from American consumers. One unique demonstration by the League of Women Shoppers and Lee Simonson
5700-426: The age of 45, if they lost their job, would rarely find another one because employers had their choice of younger men. Millions were hired in the Great Depression, but men with weaker credentials were not, and they fell into a long-term unemployment trap. The migration in the 1920s that brought millions of farmers and townspeople to the bigger cities suddenly reversed itself. Unemployment made the cities unattractive, and
5814-404: The aid that was offered there. While other shelters accepted African Americans, the fear of racial violence and discrimination from the municipal organizers or other residents was still a threat that lingered over their heads. Many homeless shelters were also located in inconvenient neighborhoods for African Americans, so they were unable to access them. If municipal shelters for African Americans in
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#17327917983555928-483: The area, also derives from this same Native American name. In September 1885, the then-unincorporated area was the scene of an attack on Chinese laborers who had come to pick hops from local fields. Three of the laborers died from gunshot wounds; seven attackers were indicted, but they were later acquitted or charges were dropped. Shortly after becoming known as Squak, the town was briefly renamed to Gilman, an homage to Daniel Hunt Gilman, who brought railways to
6042-402: The average family size was 2.87. In the city the population was spread out, with 22.2% under the age of 18, 7.3% from 18 to 24, 36.5% from 25 to 44, 24.0% from 45 to 64, and 10.0% who were 65 years of age or older. The median age was 37 years. For every 100 females, there were 91.9 males. For every 100 females age 18 and over, there were 88.1 males. The median income for a household in the city
6156-438: The bank closures, people were afraid of losing more money. Because of their fears of further economic challenge, individuals from all classes stopped purchasing and consuming. Thousands of individual investors who believed they could get rich by investing on margin lost everything they had. The stock market crash severely impacted the American economy. A large contribution was the closure and suspension of thousands of banks across
6270-432: The banking crisis as state bank and trust companies were not compelled to be a member, paper eligible discount member banks heavily restricted access to the Federal Reserve, power between the twelve Federal Reserve banks was decentralized and federal level leadership was ineffective, inexperienced, and weak. Throughout the early 1900s banking regulations were extremely lax if not non-existent. The Currency Act of 1900 lowered
6384-401: The banking level pushing the economic recovery efforts further from resolution. An increase in the currency-deposit ratio and a money stock determinant forced money stock to fall and income to decline. This panic-induced banking failure took a mild recession to a major recession. Whether this caused the Great Depression is still heavily debated due to many other attributing factors. However, it
6498-490: The banks to resort to short or liquidate existing loans. In the race to liquidate assets the banking system began to fail on a wide scale. In November 1930 the first major banking crisis began with over 800 banks closing their doors by January 1931. By October 1931 over 2100 banks were suspended with the highest suspension rate recorded in the St. Louis Federal Reserve District, with 2 out of every 5 banks suspended. The economy as
6612-414: The cheapest possible relief, including soup kitchens providing free meals to anyone who showed up. After 1933, new sales taxes and infusions of federal money helped relieve the fiscal distress of the cities, but the budgets did not fully recover until 1941. The federal programs launched by Hoover and greatly expanded by President Roosevelt's New Deal used massive construction projects to try to jump-start
6726-476: The chemical and geological content of these three mountains to be much different from that of the Cascade Range , because they are not volcanic in origin, while the entire Cascade Range is postulated to have formed from volcanic action. They believe that these three mountains are the remains of a much older mountain range long since eroded by earthquakes, volcanic action, and shifting plates. Issaquah has
6840-557: The cities, turned out 80% for FDR, as did Irish, Italian and Jewish communities. In all, the nation's 106 cities over 100,000 population voted 70% for FDR in 1936, compared to his 59% elsewhere. Roosevelt worked very well with the big city machines, with the one exception of his old nemesis, Tammany Hall in Manhattan. There he supported the complicated coalition built around the nominal Republican Fiorello La Guardia , and based on Jewish and Italian voters mobilized by labor unions. In
6954-564: The city and surrounding area is provided by the Issaquah School District , which operates 28 schools in and around Issaquah. This school district includes the southern part of Sammamish with the zip code 98075. This area also includes the northern part of Renton . Swedish Medical Center opened a full-service hospital and healthcare facility in the Issaquah Highlands with a capacity of 175 inpatient beds and
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#17327917983557068-593: The city to neighboring Renton . There is a chronic traffic congestion problem on Front Street, which traverses the historic downtown. Proposals have been made to create a bypass, but opponents have argued that this will only result in more sprawl in the area beyond downtown and thus bring in more traffic and pollution. In 2008, the Issaquah City Council voted to cancel the 15-year-running SE Bypass project. In addition, King County has no funding in its seven-year capital plan to improve Issaquah-Hobart Road,
7182-441: The cost in the future. Maternal mortality rates rose during the depression, resulting from infections or hemorrhages of self-performed abortions, or methods that women used to try and control their reproduction. The New York Academy of Medicine conducted a study and found that 12.8% of maternal deaths were due to septic abortion. With lower-class women attempting to self-abort due to their new poverty, preventing them from visiting
7296-524: The country mobilized in this ongoing time of hardship. Historian Annelise Orleck recounts the following demonstrations from a variety of communities: In New York City, organized bands of Jewish housewives fiercely resisted eviction, arguing that they were merely doing their jobs by defending their homes and those of their neighbors. Barricading themselves in apartments, they made speeches from tenement windows, wielded kettles of boiling water, and threatened to scald anyone who attempted to move furniture out on to
7410-530: The country's founding. Housewives, mothers, and working-class women regardless of employment status were driven by rising market prices to become political players within their communities. Black women and immigrant women were essential to these movements, mobilizing their communities to advocate for better conditions. This activism included food boycotts, anti-eviction rallies, the establishment of barter networks, calls for price regulations for food and housing, and gardening co-ops to battle food insecurity. Women in
7524-780: The country, in hopes of finding a way of sending money to their families back home. These men became known as "transients", which was the most common way to refer to these unemployed, homeless individuals. Large urban areas, such as Los Angeles , San Francisco , Chicago , and New York City , became flooded with transients searching for work, causing major train stations to be overcrowded with illegal passengers. Homeless individuals who were not transient often stayed in municipal shelters, which were government-run homeless shelters that provided housing and food. Because these shelters were often placed in large urban areas, they were often overcrowded with poor-quality food and state of living. Soup kitchens also became popular during this time as they were
7638-410: The country. Financial institutions failed for several reasons, including unregulated lending procedures, confidence in the gold standard , consumer confidence in future economics, and agricultural defaults on outstanding loans. With these compounding issues the banking system struggled to keep up with the public's increasing demand for cash withdrawals. This overall decreased the money supply and forced
7752-519: The current economic and population standards. Banking profitability and loan standards begin to deteriorate as early as 1900 as a result. Crop failures beginning in 1921 began to impact this poorly regulated system, the expansion areas of corn and cotton suffered the largest due to the Dust Bowl era resulting in real estate value reductions. In addition, the year 1921 was the peak for banking expansion with roughly 31,000 banks in activity, however, with
7866-502: The dichotomy of the positions they assumed in society under early feminism: The home may be the woman's place, but the "home" was no longer just the family's isolated home and property. Black women served a particularly radical role through the furthering of working-class women's movements. The Great Depression had particularly strong effects on the Black community in the 1920s and 30s, forcing Black women to reckon with their relationship to
7980-531: The economic downturn, more families turned toward birth control and abortion to help control family sizing, due to not being able to afford children. In 1936, thousands of women in New Jersey had an abortion "insurance" with more being card-carrying members to a "Birth Control Club", which allowed them access to regular exams and abortions for a fee. This shows that compared to the past, women were now expecting to have abortions, and looking for ways to help lower
8094-418: The economy and solve the unemployment crisis. The alphabet agencies CCC , FERA , WPA and PWA built and repaired the public infrastructure in dramatic fashion, but did little to foster the recovery of the private sector. FERA, CCC and especially WPA focused on providing unskilled jobs for long-term unemployed men. The Democrats won easy landslide victories in 1932 and 1934, and an even bigger one in 1936;
8208-462: The failure of private investment. No major nation adopted his policies in the 1930s. The stock market crash in 1929 not only affected the business community and the public's economic confidence, but it also led to the banking system soon after the turmoil. The boom of the US economy in the 1920s was based on high indebtedness, and the rupture of the debt chain caused by the collapse of the bank had produced widespread and far-reaching adverse effects. It
8322-426: The failures at the agricultural level 505 banks would close between 1921 and 1930 marking the largest banking system failure on record. Regulatory questions began to hit the debating table around banking qualifications as a result; discussions would continue into the Great Depression as not only were banks failing but some would disappear altogether with no rhyme or reason. The panic of financial crisis would increase in
8436-406: The financial market tensions for several times; however, they were not successful. The fundamental reason was that the relationship between various credit institutions and the community was in a drastic adjustment process, the normal supply channels for money supply were blocked. Later, some economists argued that the Fed should do a large-scale opening market business at that time, but the essence of
8550-458: The first two decades of the 1900s. The unregulated growth of small rural banking institutions can be partially attributed to the rising cost of agriculture especially in the Corn Belt and Cotton Belt . Throughout the corn and cotton belts real estate increases drove the demand for more local funding to continue to supply rising agricultural economics. The rural banking structures would supply
8664-598: The government expand welfare. In collaboration with their white counterparts, Black women would help to form the National Welfare Rights Organization . "Don't Buy Where You Can't Work" boycotts broke out in Black communities, using the role of the homemaking consumer to leverage jobs for Black adults. Black housewives lead marches calling for the government to regulate prices on food while nurses from Black communities set up reproductive health and pre/post natal clinics. Midwife Maude E. Callen
8778-461: The hapless Republican Party seemed doomed. The Democrats capitalized on the magnetic appeal of Roosevelt to urban America. The key groups were low-skilled and Catholics, Jews, and Blacks were especially impacted. The Democrats promised and delivered in terms of political recognition, labor union membership, and relief jobs. The cities' political machines were stronger than ever, for they mobilized their precinct workers to help families who needed help
8892-511: The hatchery releases approximately 500k coho (April 1) and 2.7 million Chinook smolts (in May) have been released each year. Issaquah, Washington Issaquah ( / ˈ ɪ s ə k w ɑː / ISS -ə-kwah ) is a city in King County , Washington , United States. The population was 40,051 at the 2020 census . Located in a valley and bisected by Interstate 90 , the city is bordered by
9006-416: The lack of high-growth new industries. These all interacted to create a downward economic spiral of reduced spending, falling confidence and lowered production. Industries that suffered the most included construction, shipping, mining, logging, and agriculture. Also hard hit was the manufacturing of durable goods like automobiles and appliances, whose purchase consumers could postpone. The economy hit bottom in
9120-458: The legislative body. The City Council consists of seven councilmembers, who each have four-year terms in staggered tranches. Mary Lou Pauly was elected mayor of Issaquah in 2017 with 64.19% of the vote. She was re-elected in 2021 to another term. In 2023, Issaquah became the first Washington city to be awarded LEED Gold certification for its environmental conservation and sustainability initiatives. Public education for 21,358 students within
9234-420: The lending process. Over banked conditions existed which pressured struggling banks to increase their services (specifically to the agricultural customers) without any additional regulatory oversight or qualifications. This dilemma introduced several high-risk and marginal business returns to the banking market. Banking growth would continue through the first two decades well outside of previous trends disregarding
9348-399: The mining deposits neared depletion in the late 1890s, other companies started to realize Issaquah's potential to support a lucrative lumber business. These companies exported timber from Issaquah and other small, local towns to Seattle and larger, rapidly growing communities throughout western Washington. These early boom industries, however, faded into a period of relative quiet by the time of
9462-502: The most navigate the bureaucracy and get on relief. FDR won the vote of practically every demographic in 1936, including taxpayers, small business and the middle class. However, the Protestant middle-class voters turned sharply against him after the recession of 1937–38 undermined repeated promises that recovery was at hand. Historically, local political machines were primarily interested in controlling their wards and citywide elections;
9576-512: The needed capital to meet the farm commodity market , however, this came with a price of reliability and low risk lending. Economic growth was promising from 1887 to 1920 with an average of 6 percent growth in GDP. In particular, the participation in World War I drove a booming agricultural market that drove optimism at the consumer and lending level which, in turn, resulted in a more lax approach in
9690-429: The network of kinfolk and more ample food supplies made it wise for many to go back. City governments in 1930–31 tried to meet the depression by expanding public works projects , as President Herbert Hoover strongly encouraged. However, tax revenues were plunging, and the cities as well as private relief agencies were totally overwhelmed by 1931; no one was able to provide significant additional relief. People fell back on
9804-411: The population. For the same census period, there were 12,841 households, of which 33.0% had children under the age of 18 living with them, 51.9% were married couples living together, 7.9% had a female householder with no husband present, 2.7% had a male householder with no wife present, and 37.6% were non-families. 30.1% of all households were made up of individuals, and 10.9% had someone living alone who
9918-405: The population. There were 4,840 households, out of which 29.5% had children under the age of 18 living with them, 47.3% were married couples living together, 9.6% had a female householder with no husband present, and 39.9% were non-families. 31.0% of all households were made up of individuals, and 7.8% had someone living alone who was 65 years of age or older. The average household size was 2.27 and
10032-510: The rates were made much more progressive. Hoover changed his approach to fighting the Depression. He justified his call for more federal assistance by noting that "We used such emergency powers to win the war; we can use them to fight the Depression, the misery, and suffering from which are equally great." This new approach embraced a number of initiatives. Unfortunately for the President, none proved especially effective. Just as important, with
10146-435: The required capital of investors from 50,000 to 25,000 to create a national bank . As a result of this change nearly two thirds of the banks formed over the next ten years were quite small, averaging just above the 25,000 in required capital. The number of banks would nearly double (number of banks divided by Real GDP) from 1890 to 1920 due to the lack of oversight and qualification when banking charters were being issued in
10260-401: The salmon traveling upstream. and by the local Native Americans .. Issaquah Creek and its tributaries support Chinook , coho salmon (and resident kokanee), coastal cutthroat trout . Chinook and coho are reared by the state Issaquah Salmon Hatchery, located three miles upstream from the creek's mouth. The hatchery has been releasing Chinook salmon into Issaquah Creek since 1936. Each Spring
10374-524: The show marched in protest of the boycott, opening a national conversation about the definition of ethical consumerism. This was one of America's first highly effective acts of fashion activism . As women either returned or began to enter the workforce, the deplorable conditions quickly became clear to them. The lack of sanitation practices, poor wages, and otherwise unsafe work environments were no longer issues that workers were willing to power through when so many other burdens were weighing on them outside of
10488-497: The smaller the turnout on election day, the easier it was to control the system. However, for Roosevelt to win the presidency in 1936 and 1940, he needed to carry the electoral college and that meant he needed the largest possible majorities in the cities to overwhelm rural voters. The machines came through for him. The 3.5 million voters on relief payrolls during the 1936 election cast 82% percent of their ballots for Roosevelt. The rapidly growing, energetic labor unions, chiefly based in
10602-581: The south end of Lake Sammamish . The lake's outlet is the Sammamish River , which in turn empties into Lake Washington and ultimately Puget Sound . Issaquah Creek's drainage basin is over 75% forest land and less than 10% urbanized or cleared. The basin is one of the three most significant in urbanizing King County . The upper and middle portions of the basin have been identified as a Regionally Significant Resource area due to their exceptional fish habitat and undeveloped character. The entire basin
10716-408: The southern terminus of the proposed bypass. Bus service in Issaquah is provided by King County Metro as well as regional Sound Transit routes to Seattle and Bellevue . There are two primary park-and-rides in the city, at Issaquah Transit Center and Issaquah Highlands Park & Ride, which have a total of 1,999 parking spaces. Since August 1995, the city and King County Metro provided
10830-610: The statement was that the US government should be quick to implement measures to expand fiscal spending and fiscal deficits. Between the 1920s and 1930s, The United States began to try the tight money policy to promote economic growth. In terms of the fiscal policy, the US government failed to reach a consensus on the fiscal issue. President Hoover began to expand federal spending, setting up the Reconstruction Finance Corporation to provide emergency assistance to banks and financial institutions that were on
10944-624: The street. Black mothers in Cleveland, unable to convince a local power company to delay shutting off electricity in the homes of families who had not paid their bills, won restoration of power after they hung wet laundry over every utility line in the neighborhood. They also left crying babies on the desks of caseworkers at the Cleveland Emergency Relief Association, refusing to retrieve them until free milk had been provided for each child. These actions reflected
11058-543: The struggling units forcing additional losses resulting in banks not being able to deliver on depositor demands and creating a failing cycle that would become widespread. Investment would continue to stay low through the next half-decade as the private sector would hoard savings due to uncertainty of the future. The federal government would run additional policy changes such as the Check tax, monetary restrictions (including reduction of money supply by burning), High Wage Policy, and
11172-563: The time to protect consumers from predatory market tactics, many women as workers, housewives, and mothers found activism a natural part of their role in the name of protecting their families. The boycotts done by housewives predominantly revolved around targeting unfair businesses in their communities that price-gauged their shops or refused to support their workers' livelihoods to an acceptable degree. Housewives in New York were particularly active at this time, but housewives and mothers across
11286-474: The total $ 6.8 billion accounted for within the failed banks. These losses came directly from everyday individuals' savings, investments and bank accounts. As a result, GDP fell from the high seven-hundreds in 1929 to the low to mid six-hundreds in 1933 before seeing any recovery for the first time in nearly 4 years. Federal leadership intervention is highly debated on its effectiveness and overall participation. The Federal Reserve Act could not effectively tackle
11400-554: The town. The city was officially incorporated by the Washington State legislature on April 29, 1892. Initially a small mining town, the city has changed noticeably both in its appearance and economic focus. Issaquah was originally developed to service the mining industry (on the two nearby mountains that now lend their names to the Cougar/Squak Corridor Park ), and began as the town of "Gilman". As
11514-420: The verge of bankruptcy. Hoover's fiscal policy had accelerated the recession. In December 1929, as means of showing government confidence in the economy, Hoover reduced all income tax rates by 1% in 1929 due to the continuing budget surplus. By 1930, the surplus had turned into a fast-growing deficit of economic contraction. In 1931, the US federal fiscal revenue and expenditure changed from the financial surplus to
11628-544: The winter of 1932–1933; then came four years of growth until the recession of 1937–1938 brought back high levels of unemployment. The Depression caused major political changes in America. Three years into the depression, President Herbert Hoover , widely blamed for not doing enough to combat the crisis, lost the election of 1932 to Franklin Delano Roosevelt by a landslide. Roosevelt's economic recovery plan,
11742-590: The workplace. The 1930s brought falling wages and high unemployment, which had workplaces implementing strong efforts to keep women and Black folks out of jobs to better employ the preferred white male population, as well as keeping the few female and/or Black workers out of unions. International Ladies Garment Workers Union , Farmer-Labor Women's Federation of Minnesota, and American Federation of Labor were all run by working-class women demanding better conditions to work and raise their families under. The speeches and demonstrations done by these groups of women underscored
11856-459: The world were hit hard, especially those dependent on heavy industry . Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as grain farming, mining and logging, as well as construction, suffered the most. Most economies started to recover by 1933–34. However, in
11970-458: Was $ 57,892, and the median income for a family was $ 77,274. Males had a median income of $ 55,049 versus $ 36,670 for females. The per capita income for the city was $ 34,222. About 3.4% of families and 4.8% of the population were below the poverty line , including 5.5% of those under age 18 and 4.7% of those age 65 or over. Issaquah is bisected by Interstate 90 , which runs from Seattle to Boston , and Washington State Route 900 , which connects
12084-445: Was 65 years of age or older. The average household size was 2.34, and the average family size was 2.95. The median age in the city was 36.8 years. 23.7% of residents were under the age of 18; 5.5% were between the ages of 18 and 24; 35.5% were from 25 to 44; 22.6% were from 45 to 64; and 12.7% were 65 years of age or older. The gender makeup of the city was 47.7% male and 52.3% female. The population has increased by 40,058 people as of
12198-470: Was a fashion show, attended by high society women of D.C. , urging consumers to boycott unethically sourced (to protest Japanese actions during the 30's) and overpriced Japanese silk (a popular luxury fabric at the time). Simultaneously, a large number of predominantly unemployed women (as well as some garment workers and representatives from the American Federation of Hosiery Workers ) outside
12312-488: Was designed by Baylis Architects, Richard Haag Associates, and landscape architect Stephen G. Ray. The High Alpine Chapel opened in 1981 on the grounds of the Boehm's candy shop near downtown Issaquah. It was designed to resemble a 12th-century Swiss church and can hold 57 people. The chapel includes a memorial to deceased mountaineers. The City of Issaquah uses the mayor-council form of government. The City Council acts as
12426-639: Was increase interest rates. In the late 20th century, Winner of the Swedish Central Bank Nobel Memorial Prize in Economic Sciences economist Milton Friedman and his fellow monetarist Anna Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics , resulting in
12540-530: Was originally located in a converted movie theater and later built its main stage at the Francis J. Gaudette Theatre in 1993. Village Theatre is an Equity theater and has an affiliated theater in Everett . The Issaquah Salmon Hatchery on Issaquah Creek is a state-owned fish hatchery that was built in 1936 by the federal Works Project Administration . It annually raises about Chinook and Coho salmon and
12654-404: Was rapidly growing. Department stores became the most popular place to receive female contraception and these stores created departments where women could shop for contraception in privacy. When women were becoming wary of purchasing inside department stores, manufacturers switched to selling at their homes. In 1930, female contraceptives outnumbered condom sales five to one. By 1940, the market size
12768-429: Was three times what it was in 1935. The Great Depression began in the United States of America and quickly spread worldwide. It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%. Cities all around
12882-416: Was to conceal the intended function of products by marketing them as "feminine hygiene products", "protections", "security", and "dependability". In 1930, a legal verdict allowed contraceptive companies to freely advertise their products if the product's sole purpose was not birth control. Companies that previously avoided the birth control market capitalized on this opportunity and the demand for birth control
12996-479: Was very uncommon during the time of segregation . Although the African American community was one of the hardest hit during the Great Depression, their struggle during this time often went unnoticed. Homeless African Americans were practically invisible during this time as the effects of Jim Crow and segregation were in full force. Many municipal shelters in the North were segregated and turned away from
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