the great depression page 22 1930’s stock market crashed in 1929 this triggered but did not cause...
TRANSCRIPT
![Page 1: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/1.jpg)
The Great Depression
Page 22
1930’s
![Page 2: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/2.jpg)
Stock Market Crashed in 1929
This triggered but did not cause the Great
Depression
![Page 3: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/3.jpg)
Problems with the economy
![Page 4: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/4.jpg)
1. Too much consumer spending
on credit
![Page 5: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/5.jpg)
2. Many factories were in the process of expanding based on previous sales
trends
BUT
![Page 6: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/6.jpg)
When people stopped spending to pay for the products they already had, many businesses
closed or laid off workers
![Page 7: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/7.jpg)
3. A lack of regulation in the stock market
people buying on margin
![Page 8: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/8.jpg)
President Herbert Hoover was president when the Depression
started
![Page 9: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/9.jpg)
Hoover believed in Laissez Faire
Believed the economy would fix itself if left alone
![Page 10: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/10.jpg)
Hoover believed the poor and unemployed
could be helped through charities and
other private organizations
![Page 11: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/11.jpg)
Before long people were ready for a new policy -
Hoover was seen as doing too little and the
economy was not improving.
![Page 12: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/12.jpg)
Presidential Election of
1932
![Page 13: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/13.jpg)
Hoover vs Roosevelt
![Page 14: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/14.jpg)
Franklin Roosevelt proposed the
“New Deal”The main idea was that the government would get more involved in trying to fix the
economy
![Page 15: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/15.jpg)
F.D.R. won the election and started
programs to help the poor and fix the
economy
![Page 16: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/16.jpg)
Works Progress Administration
and other programs
![Page 17: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/17.jpg)
Gave people jobs
Programs to build schools, bridges, roads
and parks
![Page 18: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/18.jpg)
Social Security program
Pensions for the elderly
![Page 19: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/19.jpg)
Financial Aid to Farmers
Farmers hurt by low prices and
![Page 20: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/20.jpg)
The Dust Bowl
The dust bowl was the name given to the Midwest because it was hit hard by a drought and the farmers could
not grow crops
![Page 21: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/21.jpg)
Programs paid farmers not to grow crops
This would reduce the supply and increase the
price
![Page 22: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/22.jpg)
Also low cost loans to the
farmers
![Page 23: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/23.jpg)
Another F.D.R. program...
Federal reserve Board
Nation’s central bank regulated interest rates and the money supply
![Page 24: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/24.jpg)
Interest rates to control the rate of inflation (increasing
price of goods)
![Page 25: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/25.jpg)
Lowering the interest rates would Increase inflation which would
1. Make money “cheaper” and easier to pay off debts
2. Make it easier for businesses to get loans and increase production
![Page 26: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/26.jpg)
Another program
Securities Exchange Commission
To regulate the Stock Market and try to keep it from crashing again
![Page 27: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/27.jpg)
F.D.I.C.Federal Deposit Insurance Corporation
Insured banks to increase confidence of people depositing money and it is
protected by the government
![Page 28: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/28.jpg)
F.D.I.C. helped prevent banks from closing because people had
confidence in getting their money if the bank
closes
![Page 29: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/29.jpg)
Summary of New Deal
1. Government increased in size and role in the average citizen’s life
2. No more Laissez Faire
![Page 30: The Great Depression Page 22 1930’s Stock Market Crashed in 1929 This triggered but did not cause the Great Depression](https://reader036.vdocuments.us/reader036/viewer/2022070409/56649e755503460f94b75c7a/html5/thumbnails/30.jpg)
Wealthy and business leaders did not like the
higher taxes. They believed the increasing
debt would hurt the country.