the great depressio n. president herbert hoover stock market
TRANSCRIPT
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