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Depression new deal
 

Depression new deal

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    Depression new deal Depression new deal Presentation Transcript

    • The Great Depression and The New Deal
    •  
    •  
    • “ I have no fears for the future of our country...it is bright with hope.” Herbert Hoover
    • “ This nation asks for action, and action now.” FDR
    • Causes of the stock market crash in October 1929:
    • Causes of the stock market crash in October 1929:
      • Overproduction
      • Under consumption
      • Over optimism about the economy
      • Speculation
      • “ Buying on the margin” led to bank failure
    • Consequences of the crash?
      • Banks fail
      • Unemployment
      • World wide depression
    • Why was Hoover blamed for the crash?
      • Didn’t believe the federal
      • government should get
      • involved in the economy
      • supported only private and
      • local relief efforts
    • What were the basic purposes of the New Deal? Relief for victims of depression Recovery from depression Reform for the economic system
    • How did the New Deal work to strengthen the monetary system? Emergency Banking Relief Act Federal Deposit Insurance Corporation
    • What kind of relief measures were taken by the New Deal?
    •  
    •  
    •  
      • PWA
      • TVA
      • CCC
      • AAA
      • WPA
      • SEC
    • How were these suppose to “Prime the Pump”?
    • People get money Spending creates demand for goods Stimulates production & jobs People get money