HIST 121 Chapter 25
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This document is a chapter from a textbook about the Great Depression. It is divided into multiple sections that discuss: the onset of the Depression including the stock market crash; the impact on different groups like African Americans, women, and artists; President Hoover's unsuccessful efforts to address the crisis; and Franklin Roosevelt's election in 1932 amid a worsening economy and banking collapse. The chapter examines the Depression's causes, social and cultural consequences, and the political changes it brought about.
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The Great Depression had a devastating impact on the US economy and society in the 1930s:
- Unemployment rose to over 25% of the workforce, with some cities seeing rates as high as 40%. Over 15 million Americans were unemployed.
- Many banks failed between 1929-1933, with over 10,000 closing and wiping out the savings of millions.
- Industrial production was cut in half, with auto production falling from 4.5 million vehicles in 1929 to 1.1 million in 1933.
- Prolonged drought led to massive dust storms in the Midwest, displacing many farmers and further worsening the economic conditions.
FDR and the New Deal
Franklin D. Roosevelt implemented his New Deal programs in response to the Great Depression to provide relief, reform the economy, and regulate Wall Street and industry. The programs included the CCC to employ young men in conservation projects, the AAA to raise farm prices by paying farmers not to grow crops, and the Social Security Act to provide retirement benefits funded by payroll taxes. While popular initially, the New Deal faced opposition from some on the left and right who argued it did not go far enough or was too radical, and the Supreme Court struck down some programs as unconstitutional.
1929 Ppt
The document summarizes the key events and impacts of the Great Depression that began with the stock market crash of 1929. It describes how various sectors of the US economy such as agriculture, consumer spending and the wealth gap were struggling in the late 1920s. The stock market crash in October 1929 marked the beginning of the Great Depression, as stock prices plummeted and banks collapsed in its aftermath. Unemployment rose dramatically to 25% by 1933 as GDP fell nearly 50%. Worldwide, many countries were severely impacted due to economic interdependence and the dust bowl exacerbated problems in North America. The Depression ended during World War 2 as US factories received orders to support the war effort.
New deal slideshare
The New Deal was a set of federal programs launched by President Franklin D. Roosevelt after taking office in 1933 in response to the Great Depression. It had four major goals: economic recovery by stabilizing banks and prices; job creation through agencies that employed millions; investment in public works like infrastructure; and civic uplift that improved lives and reshaped the public sphere. The New Deal helped the economy recover in the short term and established the precedent of an active federal government role in long term.
The Great Depression
The document discusses several key topics related to the Great Depression:
1. The agricultural crisis in the 1920s due to overproduction which drove down crop prices. This hurt many farmers.
2. President Hoover's response which emphasized individualism and temporary support, believing the economy would fix itself. This approach was seen as insensitive.
3. The stock market crash of 1929 and worsening economy, with unemployment rising to 25% by 1933 and thousands of bank closures.
4. FDR's election in 1932 on promises of a "New Deal" and bold experimentation to address the crisis.
1929 Crash, Great Depression and New Deal
Roaring twenties, stock exchange crash, great depression, Franklin Roosevelt New Deal and worldwide effects
The New Deal
FDR and the New Deal. FDR was elected in 1932 with 57% of the popular vote on a platform of providing a "New Deal" for Americans suffering from the Great Depression. During his first 100 days in office, Congress passed major New Deal legislation including the AAA, NIRA, CCC, FERA, and Glass-Steagall Act to provide relief, recovery, and reform. However, the Supreme Court struck down some programs as exceeding Congressional authority.
New deal
A Grande Depressão de 1929 levou a um aumento do desemprego e da pobreza nos EUA. Quando Franklin Roosevelt foi eleito presidente em 1933, ele implementou o New Deal, um programa de intervenção estatal na economia através de medidas como regulamentação industrial, ajuda agrícola e criação de empregos públicos, com o objetivo de equilibrar a produção e o consumo e reduzir o desemprego. As consequências do New Deal incluíram uma queda na taxa de desemprego e um aumento na produção, consumo, pre
Great Depression
The document summarizes the onset of the Great Depression in the United States beginning with the stock market crash of 1929. It describes the struggling economy of the late 1920s due to falling farm prices and consumer spending. The stock market crash signaled the beginning of the Great Depression, causing widespread bank failures and plummeting GDP. Unemployment skyrocketed to 25% by 1933. President Hoover initially believed the economy would recover on its own but as conditions deteriorated he took more action, though it was too little too late to save the economy or his chances of re-election in 1932.
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History Of The Great Depression
The Great Depression had a devastating impact on the United States. The stock market crash in October 1929 marked the beginning of over a decade of high unemployment, poverty, and despair. By 1932, nearly a quarter of Americans were unemployed as banks collapsed and businesses failed. President Hoover initially took a hands-off approach and urged voluntary cooperation between businesses and workers, but the crisis continued to deepen. By the 1932 election, Hoover's popularity had declined greatly, and Franklin D. Roosevelt was elected president on promises to take bolder action to fight the Depression.
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The Great Depression had devastating effects on the United States:
- Unemployment rose to 25% with 15 million Americans out of work.
- Over 10,000 banks failed, wiping out savings for millions of families.
- Farmers were especially hard hit by drought conditions that led to dust storms in the Midwest.
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- 1. Chapter Twenty-Five: The Great Depression Brinkley, The Unfinished Nation, 4/e
- 2. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-2 Chapter Twenty-Five: The Great Depression The Coming of the Depression Soaring Stock Market
- 3. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-3 Chapter Twenty-Five: The Great Depression The Coming of the Depression The Great Crash “Black Tuesday”
- 4. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-4 The Coming of the Depression Causes of the Depression Poor Economic Diversification Uneven Distribution of Wealth International Debt Structure Chapter Twenty-Five: The Great Depression
- 5. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-5 The Coming of the Depression Progress of the Depression Banking Crisis Plunging GNP Chapter Twenty-Five: The Great Depression The Unemployed, 1930
- 6. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-6 The American People in Hard Times Unemployment and Relief “Dust Bowl” Chapter Twenty-Five: The Great Depression
- 7. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-7 The American People in Hard Times African Americans and the Depression Soaring Black Unemployment “Scottsboro Boys” Chapter Twenty-Five: The Great Depression
- 8. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-8 The American People in Hard Times Hispanics and Asians in Depression America Hispanic Resistance Asians Marginalized Chapter Twenty-Five: The Great Depression
- 9. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-9 The American People in Hard Times Women and Families in the Great Depression Growing Female Employment Chapter Twenty-Five: The Great Depression Women in the Paid Workforce, 1900-1940
- 10. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-10 The American People in Hard Times Women and Families in the Great Depression Growing Female Employment Declining Marriage and Birth Rates Chapter Twenty-Five: The Great Depression Farm Family in Indiana (Microsoft Encarta)
- 11. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-11 The Depression and American Culture Depression Values Prevailing Values Reinforced Dale Carnegie Chapter Twenty-Five: The Great Depression “You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.” - Dale Carnegie
- 12. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-12 The Depression and American Culture Artists and Intellectuals in the Great Depression Chapter Twenty-Five: The Great Depression
- 13. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-13 The Depression and American Culture Radio Radio’s Mass Popularity Escapist Programming Depression Era Radio (Library of Congress) Chapter Twenty-Five: The Great Depression
- 14. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-14 The Depression and American Culture The Movies Hollywood’s Self-Censorship Frank Capra Walt Disney Man in front of movie theater, Waco, Texas (Library of Congress) Chapter Twenty-Five: The Great Depression
- 15. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-15 The Depression and American Culture Popular Literature and Journalism John Dos Passos Chapter Twenty-Five: The Great Depression "Individuality is freedom lived.“ - John Dos Passos
- 16. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-16 The Depression and American Culture The Popular Front and the Left Abraham Lincoln Brigade Chapter Twenty-Five: The Great Depression “Communism is twentieth century Americanism.” - Earl Browder
- 17. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-17 The Depression and American Culture The Popular Front and the Left Abraham Lincoln Brigade Southern Tenant Farmer’s Union Let Us Now Praise Famous Men Chapter Twenty-Five: The Great Depression
- 18. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-18 The Depression and American Culture The Popular Front and the Left Abraham Lincoln Brigade Southern Tenant Farmer’s Union Let Us Now Praise Famous Men The Grapes of Wrath Chapter Twenty-Five: The Great Depression “I'll be all around in the dark. I'll be everywhere, wherever you can look.” - Tom Joad
- 19. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-19 The Ordeal of Herbert Hoover The Hoover Program Failure of Voluntary Cooperation Herbert Hoover (Library of Congress) Chapter Twenty-Five: The Great Depression
- 20. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-20 The Ordeal of Herbert Hoover The Hoover Program Failure of Voluntary Cooperation Agricultural Marketing Act International Economic Collapse Failure of the RFC Chapter Twenty-Five: The Great Depression
- 21. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-21 The Ordeal of Herbert Hoover Popular Protest Farmer’s Holiday Association Hooverville. Portland, Oregon (Library of Congress) Chapter Twenty-Five: The Great Depression
- 22. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-22 The Ordeal of Herbert Hoover Popular Protest Farmer’s Holiday Association Demise of the “Bonus Army” Chapter Twenty-Five: The Great Depression
- 23. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-23 The Ordeal of Herbert Hoover The Election of 1932 Franklin Delano Roosevelt Chapter Twenty-Five: The Great Depression The Election of 1932
- 24. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-24 The Ordeal of Herbert Hoover The Election of 1932 Franklin Delano Roosevelt FDR Elected Chapter Twenty-Five: The Great Depression The Changing of the Guard, New Yorker
- 25. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-25 The Ordeal of Herbert Hoover The “Interregnum” Banking Collapse Franklin Delano Roosevelt (Library of Congress) Chapter Twenty-Five: The Great Depression
- 26. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-26 Debating the Past: Causes of the Great Depression Chapter Twenty-Five: The Great Depression
- 27. Copyright ©2004 by the McGraw-Hill Companies, Inc. 25-27 America in the World: The Global Depression Chapter Twenty-Five: The Great Depression