great depression ppt presentation

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The Great Depression The Great Depression

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Page 1: Great depression ppt presentation

The Great The Great DepressionDepression

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CausesCauses

Buying on creditBuying on credit Government policiesGovernment policies

Not regulating stock market or businessesNot regulating stock market or businesses

Weak international economyWeak international economy Other countries still recovering from WWIOther countries still recovering from WWI

The Stock Market CrashThe Stock Market Crash

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Stock Market CrashStock Market Crash

Buying On MarginBuying On Margin Making down payments and borrowing the Making down payments and borrowing the

restrest

October 29, 1929 – Black TuesdayOctober 29, 1929 – Black Tuesday Rapid selling of stocks Rapid selling of stocks

values drop $14 billionvalues drop $14 billion

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DEPRESSION SPREADSDEPRESSION SPREADS

Millions of people lost their jobs.Millions of people lost their jobs. Banks recalled loans.Banks recalled loans. People take money out of banksPeople take money out of banks Banks can’t pay back money so they Banks can’t pay back money so they

closeclose People lose money in banksPeople lose money in banks

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THE DUST BOWLTHE DUST BOWL

Drought and dust storms in the Drought and dust storms in the Midwest forced many farmers to Midwest forced many farmers to leave their land and migrate west in leave their land and migrate west in search of jobs.search of jobs.

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ImpactImpact

Unemployment – 25%Unemployment – 25% Rural LifeRural Life

Farmers SufferFarmers Suffer Dust Bowl – severe drought Dust Bowl – severe drought ““Okies” – farmers who moved to CaliforniaOkies” – farmers who moved to California

Less Leisure ActivitiesLess Leisure Activities Movies, sports, etc.Movies, sports, etc.

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Hoover’s ResponseHoover’s Response

Policies to aid businessesPolicies to aid businesses Business recovers jobs people recoverBusiness recovers jobs people recover

Reconstruction Finance CorporationReconstruction Finance Corporation Gave money to businessesGave money to businesses

Stopped payments of war debtsStopped payments of war debts

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““Hoovervilles”Hoovervilles”

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The Bonus MarchThe Bonus March

20,000 jobless WWI veterans go to 20,000 jobless WWI veterans go to Washington DC and demand bonus for Washington DC and demand bonus for warwar

Hoover sends in armyHoover sends in army Destroys popularityDestroys popularity

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Franklin Delano Franklin Delano RooseveltRoosevelt

President 1932 – 1945President 1932 – 1945 The New DealThe New Deal

Plan to end Great DepressionPlan to end Great Depression ReliefRelief RecoveryRecovery ReformReform End of Laissez-faireEnd of Laissez-faire

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ReliefRelief 1933 Bank Holiday to stop collapse1933 Bank Holiday to stop collapse Federal Emergency Relief Act (FERA)Federal Emergency Relief Act (FERA)

Relief to unemployedRelief to unemployed

Public Works Administration (PWA)Public Works Administration (PWA) Built ports, schools, aircraft carriersBuilt ports, schools, aircraft carriers

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ReliefRelief

Civilian Conservation Corps (CCC)Civilian Conservation Corps (CCC) Planted trees, built bridges, parksPlanted trees, built bridges, parks

Works Progress Administration (WPA)Works Progress Administration (WPA) Built hospitals, schools, parks, airportsBuilt hospitals, schools, parks, airports

Tennessee Valley Authority (TVA)Tennessee Valley Authority (TVA) Built dams, cheap electric powerBuilt dams, cheap electric power

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RecoveryRecovery National Industrial Recovery ActNational Industrial Recovery Act

NRANRA Regulated wages, prices, working conditionsRegulated wages, prices, working conditions

Agricultural Adjustment Act (AAA)Agricultural Adjustment Act (AAA) Paid farmers not to grow certain cropsPaid farmers not to grow certain crops

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ReformReform

Federal Deposit Insurance CorporationFederal Deposit Insurance Corporation FDICFDIC Insured savings accountsInsured savings accounts

Securities Exchange Act (SEC)Securities Exchange Act (SEC) Regulated stock exchangesRegulated stock exchanges

Social Security Act (SSA)Social Security Act (SSA) Pensions for elderly, unemployed, Pensions for elderly, unemployed,

handicappedhandicapped

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New Deal EffectsNew Deal Effects

LaborLabor Roosevelt takes pro-labor approachRoosevelt takes pro-labor approach Unions increaseUnions increase

Native AmericansNative Americans Indian Reorganization ActIndian Reorganization Act

Attempt to restore Native American cultureAttempt to restore Native American culture

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New Deal EffectsNew Deal Effects

African AmericansAfrican Americans Little benefitLittle benefit

LatinosLatinos Many suffered – worked in agricultureMany suffered – worked in agriculture

WomenWomen Little help in workplaceLittle help in workplace

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ControversyControversy

Supreme Court finds many laws Supreme Court finds many laws unconstitutionalunconstitutional National Recovery ActNational Recovery Act

Congress can’t regulate intrastate commerceCongress can’t regulate intrastate commerce

Agricultural Adjustment ActAgricultural Adjustment Act Agriculture is a local matter not an interstate Agriculture is a local matter not an interstate

mattermatter

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Court-Packing PlanCourt-Packing Plan

Supreme Court continued to veto Supreme Court continued to veto legislationlegislation

FDR asked congress to allow him to FDR asked congress to allow him to increase number of justices from 9 to 15increase number of justices from 9 to 15

Not allowed – separation of powersNot allowed – separation of powers

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Political OppositionPolitical Opposition

BusinessBusiness Claimed FDR and government had too much Claimed FDR and government had too much

powerpower

Communists, Socialists gain supportCommunists, Socialists gain support

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New Deal EvaluationNew Deal Evaluation

Does not end Great DepressionDoes not end Great Depression WWII doesWWII does

Did help some peopleDid help some people Gave more power to president and Gave more power to president and

governmentgovernment More involvement in business and social lifeMore involvement in business and social life