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The American Journey: T he G reat Depression. By Bobby Gagnon and S arah Bibbey. What it was?. The Great Depression was a worldwide business and economic slump that lasted through the 1930’s. These problems came out in the open in 1929 when the nation’s economy crumbled.

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the american journey t he g reat depression

The American Journey: The Great Depression

By Bobby Gagnon and Sarah Bibbey

what it was
What it was?
  • The Great Depression was a worldwide business and economic slump that lasted through the 1930’s.
  • These problems came out in the open in 1929 when the nation’s economy crumbled.
  • Crash in Stock Market, Bank Failures, Reduction in Purchasing Across the Board, and Drought Conditions were the cause of the Great Depression.
when was it
When was it?
  • It lasted 1929 to 1939.
  • President Herbert Hoover was elected in 1928, 2 years after the election, the Great Depression started.
  • When the Great Depression started, Wall Street broke down.
the years and unemployment
The Years and Unemployment
  • The economic output dropped 43% in three years.
  • In 1932, unemployment rate reaches 25%.
  • In 1927-1929, stock prices rose dramatically.
the dust b owl
The Dust Bowl
  • An environmental disaster through western Kansas, Oklahoma, Northern Texas, Eastern Colorado, and New Mexico.
  • It hit during the Great Depression in the 1930’s.
  • It was caused by clearing land, farming and droughts.
  • After The Dust Bowl, farmers went bankrupt.
women at work
Women at Work
  • Desperation drove a number of women into the workforce.
  • The women worked harder at home to make ends meet.
  • Women stopped buying food, clothes and started making it themselves.
minorities
Minorities
  • These minorities included African Americans, Native Americans, and Hispanic Americans.
  • These groups were already on the lower rungs of the American ladder.
  • More than half of the minorities had no job and lived at the poverty level.
franklin d roosevelt s new deal
Franklin D. Roosevelt's New Deal
  • Tennessee Valley Authority (TVA) built dams to provide cheap electric power to seven southern states; set up schools and health centers.
  • Social Security Act (SSA) set up system of pensions for the elderly, unemployed, and people with disabilities.
  • Federal Deposit Insurance Corporation (FDIC) insured savings account in banks approved by the government.
the effects of roosevelt s new deal
The Effects of Roosevelt’s New Deal
  • In early days, FDR counted on big businesses to support his New Deal.
  • In general, the business world opposed The New Deal.
  • Business leaders accused Roosevelt of spending too much government money and trying to destroy free enterprise.
video
Video
  • http://www.youtube.com/watch?v=f8k0jJdqKP0&feature=related
  • http://www.youtube.com/watch?v=csnY0Tnvdj8&feature=related
sources
Sources
  • The American Journey text book
  • YouTube
  • About.com