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Interactive Powerpoint


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Covers the origins, programs created and results of the Great Depression

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Interactive Powerpoint

  2. 2. <ul><li>This sight is meant for you to use as a guide for this unit. Use this as a reference tool in lectures and projects. </li></ul><ul><li>To navigate this power point simply press on the word or button to go to the specified place. </li></ul><ul><li>The movies link will get you out of the power point but just click on the slide when done watching the videos and it will bring you back </li></ul>Main menu
  3. 3. <ul><li>FDR’s talks to America </li></ul><ul><li>News Reels </li></ul><ul><li>Documentaries </li></ul><ul><li>Interviews </li></ul><ul><li>Others… </li></ul><ul><li>To watch these movies you must have access to you tube, if not come and see me </li></ul>Main menu
  4. 4. <ul><li>Dorothea Lang's Famed Photo of a California Migrant Mother </li></ul><ul><li>The Grapes of Wrath (John Ford, 1940) &quot;I'll be there“ </li></ul><ul><li>The Great Depression (Remember) </li></ul><ul><li>The Face of the Great Depression </li></ul>Movies Main menu
  5. 5. <ul><li>Youth Jobs Program During Great Depression </li></ul><ul><li>The 1929 Stock Market Crash news footage </li></ul><ul><li>Dust Bowl Narratives </li></ul>Movies Main menu
  6. 6. <ul><li>1929 The stock market crash </li></ul><ul><li>Bonus March on Washington, DC: 1932 </li></ul><ul><li>The Great Depression-facts </li></ul>Main menu Movies
  7. 7. <ul><li>Discussing the Great Depression (wall street journal) </li></ul><ul><li>The Great Dust Storms-interview </li></ul><ul><li>Memere Interview Part 1 </li></ul>Main menu Movies
  8. 8. <ul><li>FDR Fireside chat: the banking crisis #1 1933/3/12 </li></ul><ul><li>FDR Fireside Chat #2, Better Wage Promises 1933/5/8 </li></ul><ul><li>FDR Economic Recovery Plan, Fireside Chat #4 1933/10/23 </li></ul><ul><li>FDR Fireside Chat #5, Report On Recovery 1934/6/27 </li></ul><ul><li>FDR Sees Fear Vanishing, Fireside Chat #7 1935/4/29 </li></ul><ul><li>Day of Infamy speech </li></ul>Movies Main menu
  9. 9. <ul><li>Banking </li></ul><ul><li>Workers </li></ul><ul><li>Farming </li></ul><ul><li>Working standards </li></ul><ul><li>Housing </li></ul>Main menu
  10. 10. <ul><li>Emergency Banking Act </li></ul><ul><li>Federal Deposit Insurance Corporation </li></ul><ul><li>FIDIC </li></ul><ul><li>U .S. Securities and Exchange Commission </li></ul><ul><li>SEC </li></ul><ul><li>National Industrial Recovery Act </li></ul>Main menu Categories
  11. 11. <ul><li>Workers Program Association </li></ul><ul><li>WPA </li></ul><ul><li>Civilian Conservation Corps </li></ul><ul><li>CCC </li></ul><ul><li>Civil Works Program </li></ul><ul><li>CWP </li></ul><ul><li>National Recovery Administration </li></ul><ul><li>NRA </li></ul><ul><li>Social Security Act </li></ul><ul><li>SSA </li></ul><ul><li>Fair Labor Standards Act </li></ul>Main menu Categories
  12. 12. <ul><li>Agricultural Adjustment Act </li></ul><ul><li>AAA </li></ul>Main menu Categories
  13. 13. <ul><li>Federal Housing Administration </li></ul><ul><li>FHA </li></ul>Main menu Categories
  14. 14. <ul><li>March 9, 1933 </li></ul><ul><li>Closed down all failing banks and reorganized them for reopen </li></ul><ul><li>Within 300 days 5,000 banks reopened – roughly 2/3 of the U.S. banks </li></ul><ul><li>Produced Glass-Steagall Act of 1933 (FIDIC) </li></ul>Main menu Banking
  15. 15. <ul><li>Created by the Glass-Steagall Act of 1933 </li></ul><ul><li>Protects peoples deposits in banks </li></ul><ul><li>A response to the closing of thousands of banks and people loosing all their deposits </li></ul><ul><li>Restored confidence in the banking system </li></ul>Main menu Banking
  16. 16. <ul><li>Section 4 of the Securities Exchange act of 1934 </li></ul><ul><li>regulates secondary trading between individuals and companies which are often unrelated to the original issuers of securities </li></ul><ul><li>The goal is to increase public trust in the capital markets by requiring uniform disclosure of information about public securities offerings </li></ul>1939-1940 SEC : Edward C. Eicher (seated - left); Jerome N. Frank (seated - center); Robert E. Healy (standing - left); Leon Henderson (seated - right); George C. Mathews (standing - right) Main menu Banking
  17. 17. <ul><li>Enacted in 1935 by FDR </li></ul><ul><li>Helped people retire in order to open jobs for younger men </li></ul><ul><li>Made to prevent elderly poverty, unemployment, and widows with children </li></ul><ul><li>First program to protect elderly </li></ul>Main menu Workers
  18. 18. <ul><li>March 21, 1933- workers relief program </li></ul><ul><li>Get young men out of cities and into the country to work </li></ul><ul><li>Make jobs for men </li></ul><ul><li>Worked in agriculture, on highways, in national parks </li></ul><ul><li>Ended in 1942 due to WWII </li></ul>Main menu Workers
  19. 19. <ul><li>Emergency Relief Appropriation Act of 1935 - April 8, 1935 </li></ul><ul><li>Largest employment program in the New Deal at its peak employing 8 million people </li></ul><ul><li>The program built many public buildings, projects and roads and operated large arts, drama, media and literacy projects. It fed children and redistributed food, clothing and housing. </li></ul><ul><li>Ended in 1943 due to WWII </li></ul>Main menu Workers
  20. 20. <ul><li>November 8, 1933 </li></ul><ul><li>Men worked on: </li></ul><ul><ul><li>construction jobs </li></ul></ul><ul><ul><li>mainly improving or constructing buildings and bridges </li></ul></ul><ul><li>It hired 4, 000,000 people and paid them high wages </li></ul><ul><li>Shut down in 1934 due to its high operation cost of 200 million dollars a month </li></ul>Main menu Workers
  21. 21. <ul><li>Created by the National Industrial Recovery Act - June 16, 1933 </li></ul><ul><li>Industries could make “codes of fair competition” </li></ul><ul><ul><li>setting minimum wages </li></ul></ul><ul><ul><li>maximum weekly hours </li></ul></ul><ul><ul><li>collectively set minimum prices on products </li></ul></ul><ul><li>If businesses did not have the blue eagle in their windows or on their products they were often boycotted </li></ul>Main menu Workers
  22. 22. <ul><li>June 16, 1933 </li></ul><ul><li>Allowed the President to: </li></ul><ul><ul><li>regulate banks </li></ul></ul><ul><ul><li>Stimulate the United States economy </li></ul></ul><ul><li>Created the National Recovery Administration </li></ul>Main menu Banking
  23. 23. <ul><li>June 25, 1938 </li></ul><ul><li>Established a minimum wage </li></ul><ul><ul><li>40 cents and hour </li></ul></ul><ul><li>Established time and a half for over 40 hours of work </li></ul><ul><li>Prohibited child labor </li></ul>Main menu Workers
  24. 24. <ul><li>May 12, 1933 </li></ul><ul><li>It paid farmers (subsidies) to reduce their crop production surplus </li></ul><ul><li>Helped raise the value of their crops giving farmers more stability </li></ul><ul><li>The Administration monitored the distribution of subsidies to farmers </li></ul><ul><li>Considered first U.S. Farm Bill </li></ul>Main menu Farming
  25. 25. <ul><li>National Housing Act of 1934 </li></ul><ul><li>Goals </li></ul><ul><ul><li>to improve housing standards and conditions </li></ul></ul><ul><ul><li>to provide an adequate home financing system through insurance of mortgage loans </li></ul></ul><ul><ul><li>to stabilize the mortgage market </li></ul></ul><ul><li>In response to thousands of foreclosures due to the failing bank system, causing the housing market to plummet </li></ul>Main menu Housing
  26. 26. <ul><li>Agriculture </li></ul><ul><li>Speculation </li></ul><ul><li>Federal Reserve </li></ul><ul><li>Mismanagement </li></ul><ul><li>Myths </li></ul>Main Menu
  27. 27. <ul><li>The New Deal </li></ul><ul><li>World War II </li></ul>Main Menu
  28. 28. <ul><li>The Farming industry had been lagging for most of the 1920s </li></ul><ul><li>Kept afloat mostly through massive government subsides </li></ul><ul><li>Not enough demand to keep pace with supply </li></ul>Main Menu Causes Main Menu
  29. 29. <ul><li>Despite government backing and money, agriculture still not doing that well </li></ul><ul><li>Many farms went under in the 1920s </li></ul><ul><li>The depression in agriculture not fully realized by wall street </li></ul>Main Menu Causes
  30. 30. <ul><li>Since the economy was slowing down and Wall street did not reflect that a large speculative bubble formed </li></ul><ul><li>Companies and assets were valued at much more than they were worth </li></ul>Main Menu Causes
  31. 31. <ul><li>Did not act very quickly to moderate interest rates </li></ul><ul><li>Moderation of rates is seen as a good way to curb inflation </li></ul><ul><li>Federal Reserve board largely inactive or simply not active enough </li></ul>Main Menu Causes
  32. 32. <ul><li>Banking system a total mess in the United States in the 1920s </li></ul><ul><li>Mostly a large collection of small banks scattered around everywhere </li></ul><ul><li>Very little centralized banking structure like is in place today </li></ul><ul><li>This system allowed for many more banks to fail than probably should have </li></ul>Main Menu Causes
  33. 33. <ul><li>The Great Depression was not caused by the stock market crash in 1929. In fact after the crash, the market actually rebounded for a number of months before going down again. </li></ul><ul><li>The crash may have been a component of the depression but did not cause it. Agricultural affairs and polices, gross speculation, the Federal Reserve system, and poor management of banks caused it. </li></ul>Main Menu Causes
  34. 34. <ul><li>Elected to the Presidency in 1932 FDR pushed through a number of pieces of legislation. </li></ul><ul><li>These were meant to stave off any more immediate economic decline and start to build economic development. </li></ul>Main Menu Results
  35. 35. <ul><li>Up until the Second World War, a large amount of legislation was passed creating numerous federal programs aimed at providing economic relief. </li></ul><ul><li>Not to say however that the President did not have his problems with Congress. </li></ul><ul><li>Reductions to the deal were ground out through partisan politics with the elections of 1938. </li></ul>Main Menu Results
  36. 36. <ul><li>Contrary to popular belief, it was the Second World War that ended the depression in the United States </li></ul><ul><li>Huge amounts of production required huge amounts of people </li></ul>Results Main Menu
  37. 37. <ul><li>At the end of the Depression decade 1 in 7 people were still unemployed. </li></ul><ul><li>That is an employment rate that exceeds 14%. </li></ul><ul><li>Effects of New Deal on the Depression are debatable however the effects of the Second World War are not. </li></ul><ul><li>United States emerges from the war not economically beaten or exhausted like Germany and Britain but the world’s sole economic superpower. </li></ul>Main Menu Results
  38. 38. <ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li> </li></ul><ul><li>Freedom From Fear by David Kennedy </li></ul><ul><li>The Forgotten Man: A New History of the Great Depression by Amity Shales </li></ul><ul><li>The Great Crash of 1929 by John Kenneth Galbraith </li></ul>Main menu