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The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
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The Great Depression

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  • 1. Bell Work <ul><li>Founder of the back to Africa movement </li></ul><ul><li>Marcus Garvey </li></ul>
  • 2. The Great Depression Objective: Cover the events that leads to the Great Depression
  • 3. The Crash of 1929 <ul><li>Prior to 1929 stock prices kept going up driven by speculation in Real Estate </li></ul><ul><li>People and Banks heavily invest in stock market to make money </li></ul><ul><li>October 29 1929 (Black Tuesday) the market fails and stocks begin to fall </li></ul><ul><li>This creates panic and the market crashes </li></ul>
  • 4. Causes of The Great Depression <ul><li>Nation’s wealth not shared by everyone </li></ul><ul><li>Farmers grew more crops then people could buy </li></ul><ul><li>Overproduction by factories </li></ul><ul><li>Congress placed high tariffs on European goods </li></ul><ul><li>Banking system had many problems </li></ul><ul><li>Government did not pass laws to correct problems (Laissez-faire) </li></ul>
  • 5. Welcome to Hooverville <ul><li>By 1933, 13 million unemployed </li></ul><ul><li>1 million live in Hoovervilles made of junk or scrap wood around the country </li></ul><ul><li>People search for food in the garbage </li></ul><ul><li>1931 seven year drought destroys mid-west farms the soil simply dries up and blows away </li></ul>
  • 6. Okies <ul><li>The mid-west becomes known as the Dust Bowl </li></ul><ul><li>Thousands of farmers sell their farms and move to California </li></ul><ul><li>In California they become migrant farm workers </li></ul><ul><li>They stream into California with hunger in their eyes </li></ul><ul><li>For every job ten men applied for it and they try to under cut each other by working for less </li></ul>
  • 7. Farmers in the Dust Bowl
  • 8. The New Deal <ul><li>By 1932 Most Americans want a new President </li></ul><ul><li>Franklin D. Roosevelt (FDR) wins </li></ul><ul><li>Promises to end depression </li></ul><ul><li>Uses an informal group of advisers to solve Depression called the Brain Trust </li></ul><ul><li>Roosevelt closes banks for two days </li></ul><ul><li>Spend first 100 days working with Congress to pass many new programs </li></ul>
  • 9. The New Deal <ul><li>Roosevelt uses Fireside Chats to reassure Americans and to encourage them to keep their money in the banks </li></ul><ul><li>Three main goals: Relief, Recovery, Reform </li></ul><ul><li>Created many new agencies </li></ul><ul><li>CCC, FDIC, TVA, PWA, SEC, WPA, SSB </li></ul>
  • 10. New Deal Programs <ul><li>WPA (Works Progress Administration) built schools, libraries, and cultural projects </li></ul><ul><li>SSB (Social Security Board) gave a pension plan to people over age 65 </li></ul><ul><li>TVA (Tennessee Valley Authority) Set up hydro- electric projects on the Tennessee River </li></ul><ul><li>CCC (Civilian Conservation Corps) gave jobs to unemployed youth of America </li></ul>
  • 11. Results of New Deal <ul><li>Higher Taxes </li></ul><ul><li>Higher national debt </li></ul><ul><li>Helped Americans find relief from poverty </li></ul><ul><li>Built dams, roads, bridges, airports </li></ul><ul><li>Protected democracy </li></ul>

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