Great Depression

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Great Depression

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

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