PARTICIPATION <ul><li>Have you or someone you know been affected by the current economic crisis?  How? </li></ul><ul><li>I...
Chapter 22 The Great Depression
Roaring 1920s Economy Downturn Housing industry  declined WWI industries no  longer needed Railroads lost busi- ness to ca...
Causes of the Great Depression 1. Old, outmoded industry 2. Crisis in the farm sector 3. Availability of easy credit 4. Un...
<ul><li>Stock market crashed Thursday through Tuesday in October of 1929 </li></ul><ul><li>Dow Jones Industrial Average  w...
“ 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
<ul><li>“ I pledge you, I pledge myself, to a  new deal  for the American people.” </li></ul><ul><li>Franklin D. Roosevelt...
<ul><li>“ Let me assert my firm belief that the only thing we have to fear is fear itself.” </li></ul><ul><li>Franklin D. ...
New Deal <ul><li>The policies that Roosevelt and his “braintrust” created to alleviate the problems of the Great Depressio...
New Deal <ul><li>The “Hundred Days” </li></ul>
PARTICIPATION <ul><li>What has President Obama done during his “first 100 days” in office? </li></ul>
New Deal <ul><li>Fireside Chats </li></ul>
New Deal <ul><li>Financial Reform </li></ul>Established the  FDIC (Federal Deposit  Insurance Corporation) Federal Securit...
New Deal <ul><li>Relief for Needy and Economic Recovery </li></ul>Agricultural Adjustment Act (AAA) Civilian Conservation ...
New Deal <ul><li>The “Second New Deal” </li></ul>Eleanor Roosevelt: For women, the poor,  and minorities Works Progress Ad...
PARTICIPATION <ul><li>What similarities and differences do you see between the 1930s depression and 2008-2009 recession? <...
<ul><li>By 1939, the country was on a slow path to recovery. </li></ul><ul><li>But Roosevelt became preoccupied with event...
<ul><li>“ True individual freedom cannot exist without economic security and independence. People who are hungry and out o...
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Chapters 22 And 23

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Chapters 22 And 23

  1. 1. PARTICIPATION <ul><li>Have you or someone you know been affected by the current economic crisis? How? </li></ul><ul><li>If not, why do you think you haven’t been affected? </li></ul>
  2. 2. Chapter 22 The Great Depression
  3. 3. 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
  4. 4. 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
  5. 5. <ul><li>Stock market crashed Thursday through Tuesday in October of 1929 </li></ul><ul><li>Dow Jones Industrial Average went from 381 to 230, bottoming out at 198 </li></ul>
  6. 6. “ Hoovervilles”
  7. 7. The Dust Bowl
  8. 8. Drought worsens farmers’ problems Families left to find work
  9. 9. Soup kitchens Bread lines
  10. 10. The unemployment line
  11. 11. 1932: Ready for Change Franklin D. Roosevelt elected President
  12. 12. <ul><li>“ I pledge you, I pledge myself, to a new deal for the American people.” </li></ul><ul><li>Franklin D. Roosevelt </li></ul>
  13. 13. <ul><li>“ Let me assert my firm belief that the only thing we have to fear is fear itself.” </li></ul><ul><li>Franklin D. Roosevelt </li></ul>
  14. 14. New Deal <ul><li>The policies that Roosevelt and his “braintrust” created to alleviate the problems of the Great Depression </li></ul><ul><li>Goals: </li></ul><ul><li>Financial Reform </li></ul><ul><li>Relief for the needy </li></ul><ul><li>Economic Recovery </li></ul>
  15. 15. New Deal <ul><li>The “Hundred Days” </li></ul>
  16. 16. PARTICIPATION <ul><li>What has President Obama done during his “first 100 days” in office? </li></ul>
  17. 17. New Deal <ul><li>Fireside Chats </li></ul>
  18. 18. New Deal <ul><li>Financial Reform </li></ul>Established the FDIC (Federal Deposit Insurance Corporation) Federal Securities Act Securities & Exchange Commission (SEC)
  19. 19. New Deal <ul><li>Relief for Needy and Economic Recovery </li></ul>Agricultural Adjustment Act (AAA) Civilian Conservation Corps (CCC) PWA and CWA Tennessee Valley Authority (TVA) Fed. Housing Administration (FHA) “ alphabet soup”
  20. 20. New Deal <ul><li>The “Second New Deal” </li></ul>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
  21. 21. PARTICIPATION <ul><li>What similarities and differences do you see between the 1930s depression and 2008-2009 recession? </li></ul>
  22. 22. <ul><li>By 1939, the country was on a slow path to recovery. </li></ul><ul><li>But Roosevelt became preoccupied with events in Europe </li></ul>
  23. 23. <ul><li>“ 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.” </li></ul><ul><li>Franklin D. Roosevelt </li></ul>

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