The Great Depression
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The Great Depression. 1929-1939. Stock market crash Banks foreclosed Collapse of Farm Economy-Dust Bowl. Many found being broke humiliating. The Roaring 20’s. The new concept of ______________ People were buying: Automobiles Appliances Clothes Fun times reigned Dancing Flappers

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The Great Depression

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The great depression

The Great Depression


1929 1939

1929-1939

  • Stock market crash

  • Banks foreclosed

  • Collapse of Farm Economy-Dust Bowl

Many found being broke humiliating.


The roaring 20 s

The Roaring 20’s

  • The new concept of ______________

  • People were buying:

    • Automobiles

    • Appliances

    • Clothes

  • Fun times reigned

    • Dancing

    • Flappers

    • Drinking


Why was this bad

Why was this bad?

  • Credit system

    • People didn’t really have the money they were spending

  • WWI

    • The U.S. was a major credit loaner to other nations in need

    • Many of these nations could not pay us back


The stock market

The Stock Market

  • People bought stocks on ____________

    • If a stock is $100 you can pay $10 now and the rest later when the stock rose

  • Stocks fall

    • Now the person has less than $100 and no money to pay back


And then

And then….

  • With people panicking about their money investors tried to sell their stocks

    • This leads to a huge decline in stocks

  • The stock market crashes on

    _____________________

    _____________________


So where is this going

So where is this going?

  • Investors (who bought on “margins”) were average people that were now broke

  • NO $ coming into the bank!

    What will happen?


Banks fail

Banks Fail

  • Common Man is scared- pulls $ out of Bank

  • Banks cannot pay depositors = _________________

  • Without Banks to loan $ ________________

    (could no longer cover payroll)

  • Workers Lose Jobs ______________________ Skyrockets


And with unemployment

And with Unemployment….

  • Unemployed people can not buy things!!!

  • Those worker’s who were able to keep jobs did not received a wage increase they can not buy things!!!


The great depression

AND,

  • Farmers have produced more food than consumers needed driving down prices

  • _____________ & _____________

    =Farmers can not pay loans back to the bank

    = Farmers are __________


Good vs bad business cycle

Good vs. Bad Business Cycle

Workers Can not afford to buy goods

Workers Make Money

Able to buy goods

Factories Hire Workers

Demand Decreases

Factories Fire Workers

Factories Cut Production

Factories need workers to make goods


The great depression

Overproduction / Reduction in Purchasing

Farms and factories overproduced beyond the demand.

Businesses cut

production

Demand for

goods fell.

Workers suffered

from wage cuts

and lay offs.

People had

little or no

money to spend.


The great depression

President Hoover

  • Herbert Hoover was president at the start

  • Philosophy: We’ll make it!

  • What He Did: __________

  • The poor were looking for help and no ideas on how to correct or help were coming


The great depression

What about the people?

  • Farmers were already feeling the effects

    • Prices of crops went down

    • Many farms foreclosed

  • People could not afford ________________

    • Factories shut down

    • Businesses went out

  • Banks could not pay out money

  • People could not pay their ___________

    • Schools shut down due to lack of funds

  • Many families became homeless and had to live in ________________


Many waited in unemployment lines hoping for a job

Many waited in unemployment lines hoping for a job.


People in cities would wait in line for bread or soup to bring to their family

People in cities would wait in line for bread or soup to bring to their family.

“Hoover Stew”


Some families were forced to relocate because they had no money

Some families were forced to relocate because they had no money.


Hooverville

“Hooverville”

  • Some families were forced to live in shanty towns

    • A grouping of shacks and tents in vacant lots

  • They were referred to as “Hooverville” because of President Hoover’s lack of help during the depression.


The great depression

Hooverville


The great depression

Out of the Dust:

The

Dust Bowl of

Great Plains


The great depression

1933-1936 The Midwest experiences drought - caused farms to dry up and eroderesults in HUGE dust storms.

“The Dust Bowl”


The center of the nation w as buried

The Center of the Nation was Buried

  • 1933-1936little rain Crops turned to dust=No food to be sent out

  • Farmers did not know how to stop soil erosion, wind picked up loose soil and spread it across the nation.

  • Homes buried

  • _________ ____________the #1 weather crisis of the 20th century


Families during the depression

Families During the Depression


A farm foreclosure

A Farm Foreclosure


Some families tried to make money by selling useful crafts like baskets

Some families tried to make money by selling useful crafts like baskets.


The great depression

  • People everywhere were effected by the depression

  • It wasn’t till President _______________took over and tried to put the economy back together that people even saw a glimmer of hope


The great depression

*FDR*

  • Emphasized –“the forgotten man”

  • Enthusiastic & Optimistic people _____________ him

  • Won by landslide during worst year of the depression.

  • Instated the “_________ ___________” - policies & programs to boost the economy & put people to work!


The first 100 days

The First 100 Days

  • Refers to 1st Hundred Days of FDR presidency

  • Declared ______ _________

    “National Bank Holiday”

    • Inspectors check _______ ________

    • Only those in good shape allowed to reopen

    • Reopen = people deposit money

      = restored public _______________


Fdr fireside chats

FDR – Fireside Chats

  • Begins __________ ___________a weekly radio update to country = explained his policies directly to the people = restored ________ ___________


The great depression

DEAL

3 R’s:

  • Relief

  • Recovery

  • Reform


The great depression

The End


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