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BOOM - BUST - WHAT??. Roaring Twenties Great Depression Hoover's Plan/Roosevelt's Plan. Boom. Roaring Twenties Materialism Spending Prosperous. Bust. Great Depression Stock Market Crash Banks Fail – Fed took no action Foreclosures High Unemployment.

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Presentation Transcript
slide1

BOOM

-

BUST

-

WHAT??

Roaring Twenties

Great Depression

Hoover's Plan/Roosevelt's Plan

slide2
Boom
  • Roaring Twenties
    • Materialism
    • Spending
    • Prosperous
slide3
Bust
  • Great Depression
    • Stock Market Crash
    • Banks Fail – Fed took no action
    • Foreclosures
    • High Unemployment
hoover vs fdr
Hoover vs. FDR

Two approaches to the Great Depression.

herbert hoover
Herbert Hoover
  • Conservative approach.
  • Rugged Individualism.
  • Believes in the Business Cycle.
  • Philanthropist – charity work for those who need it.
business cycle
Business Cycle

Prosperity

Prosperity

Recession

Recovery

Trough

hoover trickle down
Hoover – Trickle Down
  • Give-A-Job campaign
  • Limitedgovernment hand-outs
  • Limited public works programs
  • R.F.C. - Reconstruction Finance Corporation

- Provided $2 Billion in aid to Banks, Insurance

Companies Railroads, and other Big Businesses

trickle down theory
Trickle Down Theory

R.F.C. – $2 Billion

Businesses

Jobs

People Spend Money

Recovery

roosevelt new deal
Roosevelt – New Deal
  • FDR’s Plan to provide relief to Americans.
  • The Brain Trust helps FDR develop the Alphabet Soup programs.
keynesian economics
Keynesian Economics
  • Government must be involved in economy to keep it safe.
  • To get out of Economic Depression, a government must spend money.
  • Deficit Spending is needed.

John M. Keynes

British Economist

slide12

“Pump Priming”

Recovery

Business Expands

People Spend Money

$

$

$

Work Relief & Direct Relief Programs