1 / 8

The Great Depression: Economic Turmoil and Social Challenges

Explore the devastating impact of the Great Depression on businesses, people, and race relations in the United States. Learn about the stock market crash, income disparities, racial slogans, New Deal initiatives, and the Smoot-Hawley Tariff. Discover how the collapse of the American banking system and farm depression triggered a worldwide economic crisis.

ray
Download Presentation

The Great Depression: Economic Turmoil and Social Challenges

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Great Depression By:LaurenPetrozza, Jessica Veilleux, NeveManion, and Paul Ciarcia

  2. Economic Issues • Stock Market Crash • U.S. market lost two-thirds of its value by 1993 • Collapse of the American banking system • Bank failures • Stock of money shrank • Farm Depression • Farm product prices fell • Economic Breakdowns • World trade collapsed because of Smoot-Hawley Tariff http://static.ddmcdn.com http://www.madisonavenuejournal.com

  3. Income During the Great Depression • 27.5 million families in the U.S. at the time • 21.5 million families (78 percent) made under $3,000 • 6 million families made under $1,000 per year (22 percent) • The median household income today is $51,404, about $4283.7 per month (171.3% increase) www.todayifoundout.com

  4. Race Factor • Southern City People Slogan • Racial slogans like ‘No jobs for Niggers until every white man has a job” • Roosevelt Did Little to Help • Opposed Civil Rights • African Americans Made Their Own New Deal • Helped each other out and grew their own food • “Slave Market” • Unemployment Rate • Blacks higher than Whites tkminfo.wikispaces.com www.encyclopediaofarkansas.net

  5. Making Ends Meet • New Deal- people got jobs PWA and WPA • Farmers relocated • Peoplerelied on government checks or charity organizations for food • Enlisted in the military • People got jobs as cartographers (mapmakers) www.etsy.com

  6. Impact on Businesses/People • Collapse of American banking system: • Depositors wanted to remove their money from banks • Banks ran out of cash so they were forced to shut down • Businesses could no longer operate • Farm Depression: • Many people lost their farms due to dropping prices of crop • Severe drought left soil unfertile—no plants grew • Many were forced from their homes argenteditions.com

  7. Stock Market Crash www.tobaccoprc.org • Stock value dramatically dropped • Thousands of shareholders lost large sums of money • By 1930 consumer spending had fallen dramatically (no one was spending money) • Decrease in world trade—increase in trade restrictions • Nations changed their leaders and types of government because of the economic crisis

  8. Smoot-Hawley Tariff en.wikipedia.org • Created by Reed Smoot and Willis Hawley • Blamed for turning “what would have been a normal economic depression into a worldwide depression” • Reasons it was so bad: • Responsible for highest tariff rates in U.S. history • “Deepened” the Great Depression by reducing availability of foreign goods • Created an “open trade war between countries” and increased foreign trade retaliation

More Related