Depression new deal

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Depression new deal

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

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