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Great Depression

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  • 1. The Great Depression 10 th Grade Social Studies
  • 2. Learning Targets
    • Analyze the causes and consequences of major political, economic, and social developments of the 1930's with emphasis on:
      • The Great Depression
      • The Dust Bowl
      • The New Deal
  • 3. Causes of the Great Depression
    • Stock Market Crash of 1929
      • Due to uneven wealth and speculation/buying on credit
    • Lasted from 1929-1941
    • The Banks collapsed
      • Bank runs
    • Businesses closed
    • Unemployment rose
    • Tariffs
      • Hawley-Smoot Tariff
    • Global Depression
  • 4. What Really Caused it?!
    • Two Economic Theories:
      • Keynes: the lack of government interference in the economy caused the depression.
      • Friedman: contraction in the money supply caused the depression.
    • Economic hardships were already being felt before 1929 in rural America AND Europe!
    • Congress and President Hoover reacted with poor and misinformed economic decisions.
  • 5. Hard Times
    • Many families lost their life savings, their homes, jobs, and farms.
    • Unemployment plagued cities and rural towns.
    • Hoovervilles: makeshift shantytowns
    • Hooverflags: pants pockets turned inside out
  • 6. The Dust Bowl
    • Rural America suffered the most during the depression.
    • Because of drought, loose topsoil, and high winds, huge dust storms devastated the plains regions.
    • The dust killed livestock, filled rivers, killed fish, and seeped into houses.
    • Many families migrated out of this region and many moved to California in search of jobs.
      • Many lost their farms and homes due to foreclosures
  • 7. Family and Minorities
    • Family values struggled
      • Unemployment and depressed fathers
      • Children dropping out of school/running away
    • African Americans were the last to be hired and the first to be fired.
    • Many Mexican Americans forced to leave the U.S.

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