the great depressio n. president herbert hoover stock market

The Great

Depression

President Herbert Hoover

Stock Market

Causes of the Great Depression

• Surplus of goods (too many products available and not enough buyers)

• Wages (how much a worker got paid) didn’t rise as much as prices

• Banking system: Federal reserve regulations failed – Banks also invested in the stock market and lost the

bank’s money when the market crashed

October 29, 1929Black Tuesday

What is the immediate effect of Black Tuesday?

What is life like during the Great Depression?

• High unemployment: 25% of people lose their jobs

• Many people become homeless• Families are in crisis• Banks failed• Farmers’ incomes drop very low

Where could a person or family get aid during the

Great Depression?

Where did people live during the Great Depression?

Dust Bowl

•The GREAT PLAINS became a barren wasteland and dust storms became more frequent.•Dust storms were also called “Black Blizzard”•Caused by over farming the land and extreme drought.

President Franklin Delano Roosevelt

The New Deal

Alphabet Soup

Social Security Act

Money given to people over 65 and

the disabled

Civilian Conservation Corps

planted trees, built bridges and parks, set up food control

Tennessee Valley Authority

Brought electricity to southern states and

built schools

Federal Emergency Relief

Administration

gave relief to needy and unemployed

Public Works Administratio

n

built ports, schools and aircraft carriers

Agricultural Adjustment

Administration

paid farmers not to grow crops

Federal Deposit Insurance

Corporation

insured the money in banks—you will

always be able to get your money out of the bank you put in

Rural Electrification Administration

loaned money to bring electricity to

rural areas

Fair Labor Standards Act

Created minimum wages and maximum

hours for all businesses