Chapters 22 And 23
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Chapters 22 And 23

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Chapters 22 And 23 Chapters 22 And 23 Presentation Transcript

  • PARTICIPATION
    • Have you or someone you know been affected by the current economic crisis? How?
    • If not, why do you think you haven’t been affected?
  • Chapter 22 The Great Depression
  • Roaring 1920s Economy Downturn Housing industry declined WWI industries no longer needed Railroads lost busi- ness to cars, planes, etc. Farmers took out loans in hopes of selling more Consumers had less money to spend
  • Causes of the Great Depression 1. Old, outmoded industry 2. Crisis in the farm sector 3. Availability of easy credit 4. Unequal distrib. of income
    • Stock market crashed Thursday through Tuesday in October of 1929
    • Dow Jones Industrial Average went from 381 to 230, bottoming out at 198
  • “ Hoovervilles”
  • The Dust Bowl
  • Drought worsens farmers’ problems Families left to find work
  • Soup kitchens Bread lines
  • The unemployment line
  • 1932: Ready for Change Franklin D. Roosevelt elected President
    • “ I pledge you, I pledge myself, to a new deal for the American people.”
    • Franklin D. Roosevelt
    • “ Let me assert my firm belief that the only thing we have to fear is fear itself.”
    • Franklin D. Roosevelt
  • New Deal
    • The policies that Roosevelt and his “braintrust” created to alleviate the problems of the Great Depression
    • Goals:
    • Financial Reform
    • Relief for the needy
    • Economic Recovery
  • New Deal
    • The “Hundred Days”
  • PARTICIPATION
    • What has President Obama done during his “first 100 days” in office?
  • New Deal
    • Fireside Chats
  • New Deal
    • Financial Reform
    Established the FDIC (Federal Deposit Insurance Corporation) Federal Securities Act Securities & Exchange Commission (SEC)
  • New Deal
    • Relief for Needy and Economic Recovery
    Agricultural Adjustment Act (AAA) Civilian Conservation Corps (CCC) PWA and CWA Tennessee Valley Authority (TVA) Fed. Housing Administration (FHA) “ alphabet soup”
  • New Deal
    • The “Second New Deal”
    Eleanor Roosevelt: For women, the poor, and minorities Works Progress Administration (WPA) Social Security Act: 1. Insurance for retirees 65 and older 2. Unemployment compensation 3. Aid for families with children or the disabled
  • PARTICIPATION
    • What similarities and differences do you see between the 1930s depression and 2008-2009 recession?
    • By 1939, the country was on a slow path to recovery.
    • But Roosevelt became preoccupied with events in Europe
    • “ True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.”
    • Franklin D. Roosevelt