The document summarizes the key events of the Great Depression in the United States. It describes how the stock market crash of 1929 led to widespread bank failures as investors who bought stock on margin could not repay their loans. This caused the economy to collapse as industry, banking and commerce declined sharply. President Hoover initially asked businesses to voluntarily address the economic crisis but did not intervene significantly. When Franklin D. Roosevelt was elected in 1932, he launched the New Deal which aimed to provide relief for the needy, recovery of the economy, and reform of the financial system through increased government spending and regulation. Within his first 100 days in office, Congress passed over 15 bills as part of the New Deal.

1. THE GREAT DEPRESSION

2. Recession —a widespread downturn in the economic success of a nation

3. Depression —economic collapse in a national economic structure

4. National Structures —Federal, state, or local system of control in economics

5. = Growth in Stock Market

6. = Growth in Stock Market Faith in Prosperity

7. on MARGIN Investors bought stock

8. Investors bought stock on MARGIN & borrowed huge amounts of MONEY that they couldn’t repay

9. 1929

10. Stock Prices Crashed

11. Stock Prices Crashed Investors sold for LOW prices

12. Stock Prices Crashed Investors sold for LOW prices Banks tried to collect loans...

13. When they couldn’t... FAILED

14. Agricultural Recession (1920-21) What Caused the Crash?

15. Agricultural Recession (1920-21) What Caused the Crash? World War I Ended

16. DURING WAR Industry Banking Commerce

17. AFTER WAR Industry Banking Commerce

18. Agricultural Recession (1920-21) What Caused the Crash? World War I Ended Unbalanced Wealth Distribution

19. Elected 1928 Herbert Hoover

20. Elected 1928 Herbert Hoover Formerly Secretary of Commerce

21. Elected 1928 Herbert Hoover Formerly Secretary of Commerce Ask business to “step up” (Didn’t want government interference)

22. Elected 1928 Herbert Hoover Formerly Secretary of Commerce Ask business to “step up” (Didn’t want government interference) Government did increase spending

23. The “Bonus Army”

24. HOOVER VS. OBAMA

25. HOOVER Public Works GOVERNMENT SPENDING

26. OBAMA Public Works GOVERNMENT SPENDING

27. HOOVER Home Loans GOVERNMENT SPENDING

28. OBAMA Home Loans GOVERNMENT SPENDING

29. HOOVER Banking (RFC) GOVERNMENT SPENDING

30. OBAMA Banking GOVERNMENT SPENDING

31. HOOVER Hoover TAXES

32. OBAMA Obama TAXES

33. HOOVER Hoover DIRECT UNEMPLOYMENT

34. OBAMA Obama DIRECT UNEMPLOYMENT

35. CHANGE

36. New York Governor Roosevelt (FDR)

37. New York Governor Roosevelt (FDR) Successfully fought poverty

38. New York Governor Roosevelt (FDR) Successfully fought poverty Successfully fought unemployment

39. New York Governor Roosevelt (FDR) Successfully fought poverty Successfully fought unemployment REFORM!

40. FDR HOOVER 16 Mil 23 Mil

41. DEMOCRATS REPUBLICANS

43. 1. Relief for needy

44. 2. Economic Recovery

45. 3. Financial Reform

46. 100 DAYS

47. First 100 of FDR’s Presidency 100 DAYS

48. First 100 of FDR’s Presidency 100 DAYS “ The New Deal”

49. First 100 of FDR’s Presidency 100 DAYS “ The New Deal” Congress passed 15+ pieces

50. FEDERAL GOVERNMENT Nation’s Finances

51. Declared “Bank Holiday” FDR & New-found Power

52. Declared “Bank Holiday” FDR & New-found Power Gave Treasury Department legal authority to close/reopen banks

53. Declared “Bank Holiday” FDR & New-found Power Held execs accountable Gave Treasury Department legal authority to close/reopen banks

54. Declared “Bank Holiday” FDR & New-found Power Held execs accountable Established FDIC Gave Treasury Department legal authority to close/reopen banks

55. Amendment 21

56. Raised revenue through taxes Amendment 21

57. Raised revenue through taxes Hurting Society + Legal Booze=$ Amendment 21

58. Father Charles Coughlin Distrustful of Banking

59. Dr. Francis Townsend Massive Government Support for the Elderly

60. Senator Huey LONG “ Share our Wealth”

61. THE WAGNER ACT

62. Workers could join Unions

63. Workers could join Unions Prohibited threatening workers

64. Workers could join Unions Prohibited threatening workers Prohibited firing Union members

65. Workers could join Unions Prohibited threatening workers Prohibited firing Union members Set up a board for testimony

66. Workers could join Unions Prohibited threatening workers Prohibited firing Union members Prohibited interfering with Union organizing Set up a board for testimony

67. THE FAIR LABOR STANDARDS ACT

68. 40 Hour Week Minimum Wage Safety Rules Union Growth

69. Union Membership 1934-1937

70. SIT-DOWN STRIKES