Weaknesses in the 1920s Economy
•Download as PPTX, PDF•
2 likes•36,828 views
The 1920s economy had several key weaknesses according to the document. Income was unequally distributed, with most Americans living below the poverty line, while the top 5% earned a third of the wealth. Farming faced problems of low incomes, many foreclosures, and overproduction driving down prices. Old industries like textiles and coal declined as newer industries like oil emerged. High tariffs hurt trade. The stock market was overly speculative due to a lack of regulation, and the banking system was unstable with many small bank failures during the 1920s leading up to the crash. International debt also weakened the economies of countries like Britain and France.
Report
Share
Report
Share
Recommended
New Deal Criticism
There were several prominent critics of FDR and the New Deal. Huey Long and Father Coughlin originally supported FDR but later criticized him, with Coughlin calling FDR a "betrayer and liar". Francis Townsend proposed giving pensions to all Americans over 60. Business groups also opposed the New Deal, arguing it interfered too much with business. FDR proposed expanding the Supreme Court after it ruled several New Deal programs unconstitutional, but this was unpopular and remained unlikely to pass, though FDR's goals were eventually achieved through other means.
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.
The roaring twenties
The 1920s in America, also known as the "Roaring Twenties", saw a period of economic prosperity and social change. New technologies like cars, appliances, and radios became widely available to consumers, fueling economic growth. However, prosperity was uneven, with farmers struggling. Socially, the era saw cultural changes like women gaining the right to vote and flappers rebelling against traditional gender roles. The Harlem Renaissance flourished as a period of black artistic achievement. The era ended with the stock market crash of 1929 and the onset of the Great Depression.
The roaring twenties in america
The document provides an overview of life and culture in America during the 1920s. Some key points covered include:
- The era was defined by industrial growth, consumer demand, and changes in lifestyle from 1918-1929.
- Urbanization accelerated and more Americans lived in cities, with New York and Chicago seeing large populations.
- Prohibition sparked debate between rural and urban areas and led to the growth of organized crime.
- Women gained new freedoms but still faced discrimination, and birth rates declined with new access to contraception.
- Developments in media, entertainment, arts, and sports captured the nation's attention in the "Roaring Twenties".
USA Economy 1945-1989
The document summarizes the key factors that led to strong economic growth in the United States following World War 2 through the 1960s, as well as the challenges that emerged later. It notes that government spending on infrastructure, education, and defense contributed significantly to growth in this period. However, rising budget deficits, inflation, and unemployment in the 1970s marked a slowdown. The economic policies of presidents Ford, Carter and Reagan attempted to address these issues with mixed results.
Influencia economica de EEUU
La influencia económica de Estados Unidos en Chile se concentró inicialmente en la explotación de yacimientos de cobre, financiando grandes mineras mediante inversiones de capital estadounidense. Más adelante, la influencia se expandió a otros sectores de la economía chilena y también incluyó préstamos que financiaron parte del gasto público, como el plan de obras públicas durante el gobierno de Carlos Ibáñez del Campo.
The Great Depression: Causes and Effects
The Great Depression was caused by false prosperity, speculation, the stock market crash, banking crisis, unemployment, and trade collapse. The stock market crashed in October 1929, leading to widespread bank failures. Unemployment rose to 25-35% as factories closed. Farm income declined 60% and 1/3 of farmers lost their land. People were unable to withdraw savings from failed banks and unemployment benefits were not enough to live on, forcing many to sell possessions and live in makeshift shelters or "Hoovervilles". The Depression had devastating social effects like long unemployment lines and families living in cars or tents. President Hoover believed in private solutions while FDR emphasized helping those with little.
Cuba under Castro
This document provides background on Cuba under Fidel Castro's rule after he took power in 1959. It discusses Castro's background and rise to power by overthrowing Fulgencio Batista. After becoming leader, Castro implemented socialist policies like land reforms, nationalized industries, and strengthened ties with the Soviet Union. The economy struggled after initially improving wages and eliminating unemployment. Castro suppressed opposition and tightly controlled culture, religion, and the press. Women and Afro-Cubans saw improved social and economic rights under Castro's leadership.
Recommended
New Deal Criticism
There were several prominent critics of FDR and the New Deal. Huey Long and Father Coughlin originally supported FDR but later criticized him, with Coughlin calling FDR a "betrayer and liar". Francis Townsend proposed giving pensions to all Americans over 60. Business groups also opposed the New Deal, arguing it interfered too much with business. FDR proposed expanding the Supreme Court after it ruled several New Deal programs unconstitutional, but this was unpopular and remained unlikely to pass, though FDR's goals were eventually achieved through other means.
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.
The roaring twenties
The 1920s in America, also known as the "Roaring Twenties", saw a period of economic prosperity and social change. New technologies like cars, appliances, and radios became widely available to consumers, fueling economic growth. However, prosperity was uneven, with farmers struggling. Socially, the era saw cultural changes like women gaining the right to vote and flappers rebelling against traditional gender roles. The Harlem Renaissance flourished as a period of black artistic achievement. The era ended with the stock market crash of 1929 and the onset of the Great Depression.
The roaring twenties in america
The document provides an overview of life and culture in America during the 1920s. Some key points covered include:
- The era was defined by industrial growth, consumer demand, and changes in lifestyle from 1918-1929.
- Urbanization accelerated and more Americans lived in cities, with New York and Chicago seeing large populations.
- Prohibition sparked debate between rural and urban areas and led to the growth of organized crime.
- Women gained new freedoms but still faced discrimination, and birth rates declined with new access to contraception.
- Developments in media, entertainment, arts, and sports captured the nation's attention in the "Roaring Twenties".
USA Economy 1945-1989
The document summarizes the key factors that led to strong economic growth in the United States following World War 2 through the 1960s, as well as the challenges that emerged later. It notes that government spending on infrastructure, education, and defense contributed significantly to growth in this period. However, rising budget deficits, inflation, and unemployment in the 1970s marked a slowdown. The economic policies of presidents Ford, Carter and Reagan attempted to address these issues with mixed results.
Influencia economica de EEUU
La influencia económica de Estados Unidos en Chile se concentró inicialmente en la explotación de yacimientos de cobre, financiando grandes mineras mediante inversiones de capital estadounidense. Más adelante, la influencia se expandió a otros sectores de la economía chilena y también incluyó préstamos que financiaron parte del gasto público, como el plan de obras públicas durante el gobierno de Carlos Ibáñez del Campo.
The Great Depression: Causes and Effects
The Great Depression was caused by false prosperity, speculation, the stock market crash, banking crisis, unemployment, and trade collapse. The stock market crashed in October 1929, leading to widespread bank failures. Unemployment rose to 25-35% as factories closed. Farm income declined 60% and 1/3 of farmers lost their land. People were unable to withdraw savings from failed banks and unemployment benefits were not enough to live on, forcing many to sell possessions and live in makeshift shelters or "Hoovervilles". The Depression had devastating social effects like long unemployment lines and families living in cars or tents. President Hoover believed in private solutions while FDR emphasized helping those with little.
Cuba under Castro
This document provides background on Cuba under Fidel Castro's rule after he took power in 1959. It discusses Castro's background and rise to power by overthrowing Fulgencio Batista. After becoming leader, Castro implemented socialist policies like land reforms, nationalized industries, and strengthened ties with the Soviet Union. The economy struggled after initially improving wages and eliminating unemployment. Castro suppressed opposition and tightly controlled culture, religion, and the press. Women and Afro-Cubans saw improved social and economic rights under Castro's leadership.
Westward expansion
Westward expansion from 1865 to 1914 led to significant changes across the United States. The discovery of gold in California in 1849 sparked the Gold Rush, drawing thousands of prospectors West in search of wealth. This period also saw the expansion of the cattle industry, growth of the railroad system, and an influx of homesteaders and immigrants seeking land and opportunity. However, westward settlement increasingly came into conflict with Native American tribes, leading to broken treaties, warfare, and the eventual confinement of most tribes to reservations by the late 19th century.
The Stock Market Crash Of 1929
The Stock Market Crash of 1929 occurred due to several underlying economic problems that emerged in the 1920s. Farmers were producing more crops than could be sold at a profit, consumers and farmers were taking on increasing debt, and basic industries were struggling. Speculation in the stock market was rampant, with many buying stocks on margin using borrowed money. On October 24, 1929, the stock market took a major plunge as panic set in and investors unloaded their shares. The selling accelerated on October 29, known as "Black Tuesday," with over 16 million shares dumped. By November, investors had lost around $30 billion. Bank and business failures followed as banks had invested in the stock market and many were forced to close.
The New Deal
The document summarizes key aspects of FDR's New Deal programs implemented during the 1930s to address the Great Depression. It discusses the establishment of agencies like the FDIC to insure bank deposits, the SEC to regulate stock trading, and the AAA to support farmers. It also covers major public works projects through the CCC, TVA, PWA and WPA that provided jobs and infrastructure. Finally, it mentions the Social Security Act and Fair Labor Standards Act that established retirement benefits and labor protections.
The Emergency: Ireland during World War II
During World War 2, Ireland declared neutrality. Taoiseach Eamon de Valera argued this was necessary due to the ongoing partition of Ireland and the hostility many still felt towards Britain. The emergency powers act gave the government control to maintain safety. While neutrality helped Ireland avoid direct war impacts, it came at an economic cost through trade limitations and isolation from postwar support. Overall, neutrality was a popular policy that protected Ireland's independence despite challenges.
Life During the Great Depression
The document summarizes life in the United States during the Great Depression. It describes how the stock market crash exacerbated economic issues farmers were facing. As a result, many lost their farms and became homeless. Soup kitchens and shantytowns known as "Hoovervilles" emerged to help the impoverished. Thousands migrated to California seeking work, escaping the Dust Bowl. Discrimination persisted during this time, though some laws were passed as part of the New Deal to provide relief and jobs to Americans struggling in the wake of the economic crisis.
CAMBRIDGE A2 HISTORY: STALIN QUESTIONS AND ANSWERS
The document discusses the rise of Stalin's power in the Soviet Union following Lenin's death in 1924. It notes that Stalin consolidated power by suppressing Lenin's criticisms of him and expanding the role of General Secretary, which he was appointed to in 1922. He eliminated any opposition while holding the post of General Secretary until 1952, during which time he also served as Premier from 1941 onward. The document outlines how Stalin systematically increased his control over the Communist Party and Soviet government in the years after Lenin's death.
The Gilded Age, an overview
The Gilded Age saw immense industrial growth fueled by new technologies, abundant resources, and massive immigration. This led to huge fortunes for industrialists but also harsh working conditions and inequality. As cities grew rapidly, political machines consolidated power while corruption and poor living standards plagued urban immigrants and workers. On farms, overproduction caused economic hardship. The post-Civil War South saw some economic development but blacks faced increasing segregation and loss of civil rights under Jim Crow. Responses to these challenges included labor organizing, populism, and differing philosophies within the black community.
(7) the roaring twenties
The document provides an overview of several key events and trends in the United States during the 1920s. It describes the post-World War I recession, Red Scare, Palmer Raids, and Sacco and Vanzetti trial. It then summarizes the presidencies of Harding, Coolidge, and Hoover, their support of business and laissez-faire policies. Major factors in 1920s prosperity included the rise of the automobile industry, new mass production technologies, and the age of mass consumption fueled by advertising and consumer credit. However, prosperity was uneven and some groups like farmers and workers faced difficulties. The Temperance movement also led to Prohibition in 1919.
Direct rule and Sunningdale agreement
Direct rule was established in Northern Ireland in 1972 as Stormont could no longer control the situation. The Sunningdale Agreement in 1973 attempted to establish power sharing between unionists and nationalists, with an executive formed in 1974. However, opposition from strict unionist groups like the DUP and UUUC, as well as ongoing paramilitary violence, caused the agreement to collapse after just a few months when the UWC strike brought Northern Ireland to a standstill. Power sharing had failed and direct rule from Britain was reestablished, with the political situation in Northern Ireland remaining unstable.
World War II Propaganda on the Home Front
A look at the propaganda used on the Home Front during WWII: Movies, Music, Cartoons, and other forms.
The Nazis in Power
The Nazis consolidated power in Germany following their rise to power in 1933. Hitler established a totalitarian regime by bringing all aspects of life under Nazi Party control through intimidation, violence, and centralizing government. The Night of the Long Knives in 1934 saw Hitler order the killing of SA leaders as a threat to his power. With Hindenburg's death later that year, Hitler became both head of state and sole leader of Germany.
United States History Ch. 18 Section 1 Notes
The document summarizes early efforts for equality in the 1940s-1950s. It discusses how African Americans challenged segregation through legal and protest efforts such as the Montgomery bus boycott. The Brown v. Board of Education Supreme Court decision declared segregation in public schools unconstitutional, though it faced resistance from Southern states. The Montgomery bus boycott launched Martin Luther King Jr. and the civil rights movement by proving that nonviolent protests could successfully demand change. However, segregation and discrimination remained widespread even after these early victories.
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.
World War 1: US point of view
The document provides background information on World War I, including its causes, key events that drew the US into the war, and the impact of the war on America. It discusses the US initially maintaining neutrality but becoming engaged after German U-boats sank passenger ships like the Lusitania. Propaganda efforts convinced many Americans the war was necessary. The war had social and economic impacts domestically such as the Great Migration and increased roles for women. President Wilson advocated his Fourteen Points plan and League of Nations to promote peace after the war.
The new deal
The document provides an overview of President Franklin D. Roosevelt's New Deal programs from 1933 to 1938 to address the Great Depression. It describes the three R's of the New Deal: Relief to provide immediate aid, Recovery through stimulus programs, and Reform through permanent regulations. Major New Deal agencies included the CCC, WPA, PWA, AAA, SEC, FDIC and Social Security. The New Deal faced criticism for not going far enough to help women and African Americans or being too socialist. By the late 1930s, the economy had recovered and union membership increased, but the recession of 1937 showed the recovery was not complete.
US History Ch. 10 Section 3 Notes
1. The United States entry into World War 1 in 1917 played a key role in the Allied victory. General John Pershing led American forces in Europe.
2. President Woodrow Wilson sought a postwar settlement based on his Fourteen Points plan for open diplomacy and self-determination.
3. However, at the Paris Peace Conference the other Allied leaders prioritized harsh penalties for Germany over Wilson's vision for lasting peace. The resulting Treaty of Versailles redrew maps and imposed large reparations on Germany.
United States History Ch. 11 Section 4 Notes
1. In the 1920s, increased leisure time and new technologies like the radio, movies, and phonograph led to the rise of mass culture as people had more free time for entertainment and could experience popular culture on a large scale.
2. Women gained more freedom during the 1920s as they married later, had fewer children, and entered the workforce in new fields, while flappers rejected Victorian values through their fashion and behavior.
3. Artists and writers of the 1920s era rejected optimism as they were influenced by Freudian psychology and disillusioned by World War I, experimenting with abstract styles and questioning traditional values through their works.
The Great Depression and the New Deal
The document describes how the stock market crash of 1929 led to a ripple effect that greatly exacerbated the Great Depression. It explains that risky loans hurt banks, businesses could no longer pay back loans when stocks fell, and consumers also could not repay loans. This led to bank runs and failures as unpaid loans accumulated. Savings were wiped out, businesses cut production, unemployment rose sharply, and poverty spread widely across America.
United States History Ch. 17 Section 4 Notes
Critics rejected the conformity of 1950s culture, expressed by writers like Kerouac and Ginsberg. Many Americans lived in poverty hidden from the suburbs, including in inner cities and rural areas. Minority groups faced discrimination in housing and jobs. Government programs aimed to address urban and rural poverty, but sometimes made the problems worse by displacing communities and concentrating poverty.
The Spanish American War
The Spanish-American War began in 1898 over Cuba, which was seeking independence from Spain. Yellow journalism in American newspapers exaggerated Spanish atrocities against Cuban rebels and helped fuel public support for war. The sinking of the USS Maine in Havana harbor was falsely blamed on Spain and helped propel the U.S. into war. The U.S. defeated Spain within months and gained control of Puerto Rico, Guam, and the Philippines as Spanish territories. The war marked America's emergence as a global power.
The Great Depression
The document summarizes the key events and factors that led to the Great Depression:
1) Many industries and the agricultural sector were struggling in the 1920s due to overproduction and new competition.
2) The stock market crash of 1929 signaled the beginning of the Great Depression as banks collapsed and businesses failed.
3) Millions lost their jobs and homes, leading to immense hardship, suffering, and the formation of shantytowns across the country. President Hoover initially believed the economy would recover on its own, but his limited interventions were unsuccessful in alleviating the crisis.
Great Depression.ppt
The document summarizes the economic factors that led to the Great Depression in the United States. It describes how stock market speculation and easy credit contributed to the 1929 stock market crash. This crash had widespread effects, ruining individual investors, damaging banks, and reducing consumer spending and business activity. As unemployment rose and banks and farms failed, the US economy plunged into the Great Depression, the worst economic downturn in its history. Millions lost their jobs and savings in this human and economic crisis.
More Related Content
What's hot
Westward expansion
Westward expansion from 1865 to 1914 led to significant changes across the United States. The discovery of gold in California in 1849 sparked the Gold Rush, drawing thousands of prospectors West in search of wealth. This period also saw the expansion of the cattle industry, growth of the railroad system, and an influx of homesteaders and immigrants seeking land and opportunity. However, westward settlement increasingly came into conflict with Native American tribes, leading to broken treaties, warfare, and the eventual confinement of most tribes to reservations by the late 19th century.
The Stock Market Crash Of 1929
The Stock Market Crash of 1929 occurred due to several underlying economic problems that emerged in the 1920s. Farmers were producing more crops than could be sold at a profit, consumers and farmers were taking on increasing debt, and basic industries were struggling. Speculation in the stock market was rampant, with many buying stocks on margin using borrowed money. On October 24, 1929, the stock market took a major plunge as panic set in and investors unloaded their shares. The selling accelerated on October 29, known as "Black Tuesday," with over 16 million shares dumped. By November, investors had lost around $30 billion. Bank and business failures followed as banks had invested in the stock market and many were forced to close.
The New Deal
The document summarizes key aspects of FDR's New Deal programs implemented during the 1930s to address the Great Depression. It discusses the establishment of agencies like the FDIC to insure bank deposits, the SEC to regulate stock trading, and the AAA to support farmers. It also covers major public works projects through the CCC, TVA, PWA and WPA that provided jobs and infrastructure. Finally, it mentions the Social Security Act and Fair Labor Standards Act that established retirement benefits and labor protections.
The Emergency: Ireland during World War II
During World War 2, Ireland declared neutrality. Taoiseach Eamon de Valera argued this was necessary due to the ongoing partition of Ireland and the hostility many still felt towards Britain. The emergency powers act gave the government control to maintain safety. While neutrality helped Ireland avoid direct war impacts, it came at an economic cost through trade limitations and isolation from postwar support. Overall, neutrality was a popular policy that protected Ireland's independence despite challenges.
Life During the Great Depression
The document summarizes life in the United States during the Great Depression. It describes how the stock market crash exacerbated economic issues farmers were facing. As a result, many lost their farms and became homeless. Soup kitchens and shantytowns known as "Hoovervilles" emerged to help the impoverished. Thousands migrated to California seeking work, escaping the Dust Bowl. Discrimination persisted during this time, though some laws were passed as part of the New Deal to provide relief and jobs to Americans struggling in the wake of the economic crisis.
CAMBRIDGE A2 HISTORY: STALIN QUESTIONS AND ANSWERS
The document discusses the rise of Stalin's power in the Soviet Union following Lenin's death in 1924. It notes that Stalin consolidated power by suppressing Lenin's criticisms of him and expanding the role of General Secretary, which he was appointed to in 1922. He eliminated any opposition while holding the post of General Secretary until 1952, during which time he also served as Premier from 1941 onward. The document outlines how Stalin systematically increased his control over the Communist Party and Soviet government in the years after Lenin's death.
The Gilded Age, an overview
The Gilded Age saw immense industrial growth fueled by new technologies, abundant resources, and massive immigration. This led to huge fortunes for industrialists but also harsh working conditions and inequality. As cities grew rapidly, political machines consolidated power while corruption and poor living standards plagued urban immigrants and workers. On farms, overproduction caused economic hardship. The post-Civil War South saw some economic development but blacks faced increasing segregation and loss of civil rights under Jim Crow. Responses to these challenges included labor organizing, populism, and differing philosophies within the black community.
(7) the roaring twenties
The document provides an overview of several key events and trends in the United States during the 1920s. It describes the post-World War I recession, Red Scare, Palmer Raids, and Sacco and Vanzetti trial. It then summarizes the presidencies of Harding, Coolidge, and Hoover, their support of business and laissez-faire policies. Major factors in 1920s prosperity included the rise of the automobile industry, new mass production technologies, and the age of mass consumption fueled by advertising and consumer credit. However, prosperity was uneven and some groups like farmers and workers faced difficulties. The Temperance movement also led to Prohibition in 1919.
Direct rule and Sunningdale agreement
Direct rule was established in Northern Ireland in 1972 as Stormont could no longer control the situation. The Sunningdale Agreement in 1973 attempted to establish power sharing between unionists and nationalists, with an executive formed in 1974. However, opposition from strict unionist groups like the DUP and UUUC, as well as ongoing paramilitary violence, caused the agreement to collapse after just a few months when the UWC strike brought Northern Ireland to a standstill. Power sharing had failed and direct rule from Britain was reestablished, with the political situation in Northern Ireland remaining unstable.
World War II Propaganda on the Home Front
A look at the propaganda used on the Home Front during WWII: Movies, Music, Cartoons, and other forms.
The Nazis in Power
The Nazis consolidated power in Germany following their rise to power in 1933. Hitler established a totalitarian regime by bringing all aspects of life under Nazi Party control through intimidation, violence, and centralizing government. The Night of the Long Knives in 1934 saw Hitler order the killing of SA leaders as a threat to his power. With Hindenburg's death later that year, Hitler became both head of state and sole leader of Germany.
United States History Ch. 18 Section 1 Notes
The document summarizes early efforts for equality in the 1940s-1950s. It discusses how African Americans challenged segregation through legal and protest efforts such as the Montgomery bus boycott. The Brown v. Board of Education Supreme Court decision declared segregation in public schools unconstitutional, though it faced resistance from Southern states. The Montgomery bus boycott launched Martin Luther King Jr. and the civil rights movement by proving that nonviolent protests could successfully demand change. However, segregation and discrimination remained widespread even after these early victories.
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.
World War 1: US point of view
The document provides background information on World War I, including its causes, key events that drew the US into the war, and the impact of the war on America. It discusses the US initially maintaining neutrality but becoming engaged after German U-boats sank passenger ships like the Lusitania. Propaganda efforts convinced many Americans the war was necessary. The war had social and economic impacts domestically such as the Great Migration and increased roles for women. President Wilson advocated his Fourteen Points plan and League of Nations to promote peace after the war.
The new deal
The document provides an overview of President Franklin D. Roosevelt's New Deal programs from 1933 to 1938 to address the Great Depression. It describes the three R's of the New Deal: Relief to provide immediate aid, Recovery through stimulus programs, and Reform through permanent regulations. Major New Deal agencies included the CCC, WPA, PWA, AAA, SEC, FDIC and Social Security. The New Deal faced criticism for not going far enough to help women and African Americans or being too socialist. By the late 1930s, the economy had recovered and union membership increased, but the recession of 1937 showed the recovery was not complete.
US History Ch. 10 Section 3 Notes
1. The United States entry into World War 1 in 1917 played a key role in the Allied victory. General John Pershing led American forces in Europe.
2. President Woodrow Wilson sought a postwar settlement based on his Fourteen Points plan for open diplomacy and self-determination.
3. However, at the Paris Peace Conference the other Allied leaders prioritized harsh penalties for Germany over Wilson's vision for lasting peace. The resulting Treaty of Versailles redrew maps and imposed large reparations on Germany.
United States History Ch. 11 Section 4 Notes
1. In the 1920s, increased leisure time and new technologies like the radio, movies, and phonograph led to the rise of mass culture as people had more free time for entertainment and could experience popular culture on a large scale.
2. Women gained more freedom during the 1920s as they married later, had fewer children, and entered the workforce in new fields, while flappers rejected Victorian values through their fashion and behavior.
3. Artists and writers of the 1920s era rejected optimism as they were influenced by Freudian psychology and disillusioned by World War I, experimenting with abstract styles and questioning traditional values through their works.
The Great Depression and the New Deal
The document describes how the stock market crash of 1929 led to a ripple effect that greatly exacerbated the Great Depression. It explains that risky loans hurt banks, businesses could no longer pay back loans when stocks fell, and consumers also could not repay loans. This led to bank runs and failures as unpaid loans accumulated. Savings were wiped out, businesses cut production, unemployment rose sharply, and poverty spread widely across America.
United States History Ch. 17 Section 4 Notes
Critics rejected the conformity of 1950s culture, expressed by writers like Kerouac and Ginsberg. Many Americans lived in poverty hidden from the suburbs, including in inner cities and rural areas. Minority groups faced discrimination in housing and jobs. Government programs aimed to address urban and rural poverty, but sometimes made the problems worse by displacing communities and concentrating poverty.
The Spanish American War
The Spanish-American War began in 1898 over Cuba, which was seeking independence from Spain. Yellow journalism in American newspapers exaggerated Spanish atrocities against Cuban rebels and helped fuel public support for war. The sinking of the USS Maine in Havana harbor was falsely blamed on Spain and helped propel the U.S. into war. The U.S. defeated Spain within months and gained control of Puerto Rico, Guam, and the Philippines as Spanish territories. The war marked America's emergence as a global power.
What's hot (20)
CAMBRIDGE A2 HISTORY: STALIN QUESTIONS AND ANSWERS
CAMBRIDGE A2 HISTORY: STALIN QUESTIONS AND ANSWERS
Similar to Weaknesses in the 1920s Economy
The Great Depression
The document summarizes the key events and factors that led to the Great Depression:
1) Many industries and the agricultural sector were struggling in the 1920s due to overproduction and new competition.
2) The stock market crash of 1929 signaled the beginning of the Great Depression as banks collapsed and businesses failed.
3) Millions lost their jobs and homes, leading to immense hardship, suffering, and the formation of shantytowns across the country. President Hoover initially believed the economy would recover on its own, but his limited interventions were unsuccessful in alleviating the crisis.
Great Depression.ppt
The document summarizes the economic factors that led to the Great Depression in the United States. It describes how stock market speculation and easy credit contributed to the 1929 stock market crash. This crash had widespread effects, ruining individual investors, damaging banks, and reducing consumer spending and business activity. As unemployment rose and banks and farms failed, the US economy plunged into the Great Depression, the worst economic downturn in its history. Millions lost their jobs and savings in this human and economic crisis.
01_Causes of Great Depression
The document discusses several causes of the Great Depression:
1) Overproduction led to surpluses as supply outpaced demand. Declining prices hurt profits and the stock market.
2) Loose banking policies and the Federal Reserve's interest rate hikes contributed to easy credit and speculation that left the system vulnerable.
3) The stock market crash exposed underlying economic weaknesses as banks collapsed and credit dried up, deepening the downturn.
Herbert Hoover believed in non-intervention and voluntary cooperation between government and business. However, his largely hands-off approach was insufficient and some policies, like signing the Smoot-Hawley Tariff, made the situation worse before Franklin Roosevelt's more active interventions took over
Pp an ailing economy 1920s
This lesson focuses on the major economic factors during the 1920s contributing to the Great Depression and Stock Market Crash.
Chapter 8 Notes
This document discusses the causes and progression of the Great Depression in the United States in the 1920s and 1930s. It notes that while the 1920s saw great prosperity, there were underlying problems in the economy, including overproduction by farmers due to new machinery, a lack of strong middle class growth despite corporate profits skyrocketing, and Americans taking on too much easy credit and engaging in risky stock market speculation. The stock market crash of 1929 wiped out fortunes and marked the beginning of the Great Depression, as banks collapsed, businesses closed due to lack of demand, unemployment rose sharply, and the Federal Reserve's actions made the money supply worse. The Depression spread around the world and lasted until 1941.
Great economic derpressions
The document summarizes several notable economic depressions throughout history including their causes and effects. The Panic of 1837 was caused by speculative lending practices and a decline in cotton prices in the US as well as restrictive lending in Britain. Its effects lasted from 1837-1842 with widespread bank failures and unemployment. The Long Depression from 1873-1896 was caused by overinvestment in railroads and a reduction in the money supply. The Great Depression from 1929-1945 originated from the US stock market crash of 1929 and was prolonged by bank failures, drought, tariffs, and reduced purchasing worldwide. Over 30 million people were unemployed globally during this period. The Greek Depression from 2009 to the present was also called the Eurozone crisis and was caused
great depression.pptx
The Great Depression was caused by a combination of factors:
1) Stock market speculation fueled by easy credit led many to borrow heavily to invest, leaving them vulnerable when prices fell. 2) The stock market crash of 1929 triggered widespread bank failures as banks had extended unsustainable credit. 3) Overproduction had saturated markets and underconsumption emerged as consumers and farmers struggled, hurting demand. 4) A farming crisis deepened as farmers over-borrowed and could not repay loans during the agricultural downturn. 5) Wealth was highly concentrated at the top, leaving the system vulnerable to economy-wide problems.
The federal reserve act 1913 and world war i
How does the U.S. financial system change, related to World War I? The beginning of public debt, income taxes and the IRS, as well as cash liquidity for warring nations to fund their entry into the Great War.
Economic Analysis- Financial Crisis
The Great Depression of the 1930s, international debt crises of the 1980s, the global financial crisis of 2008, and the ongoing COVID-19 pandemic have caused major economic downturns around the world. Each crisis spread financial contagion across borders and resulted in rising unemployment, falling GDP, and uncertainty. Government interventions through fiscal and monetary policies helped stimulate demand and stabilize financial systems. However, the full social and economic impacts of the current pandemic remain unknown.
The Great Depression
The document summarizes the economic conditions during the late 1920s stock market boom and the subsequent stock market crash of 1929 that led to the Great Depression. It describes how the stock market rose rapidly through the late 1920s but then crashed on October 29, 1929, referred to as "Black Tuesday", wiping out millions of investors. It led to widespread unemployment, poverty and bank failures over the next several years. The economic crisis had global impacts and severe social consequences in the United States including the formation of shanty towns nicknamed "Hoovervilles". President Hoover was criticized for not doing enough to address the Depression.
Impact of the great depression part1
This is the first part of the lecture on the Great Depression. It traces the causes of the Great Crash and the road to the Great Depression. Frenzy consumerism, speculation, indebtedness, and agricultural collapse with the Dust Bowl ended in the greatest economic crisis in American History
Chp. 22 depression begins 3
1) Three areas of the economy began to struggle at the end of the 1920s - industry, agriculture, and the consumer market. Failures in these sectors led to high unemployment, business failures, and economic downturn.
2) In agriculture, farming income declined sharply after WWI as demand fell, and many farmers took on debt and lost their farms in the 1920s recession.
3) In industry, sectors like coal, steel, and railroads declined as new technologies like airplanes and automobiles grew. Housing construction also slowed, hurting related industries. Unequal wealth distribution and consumer debt further weakened the economy.
The great depression 2
The document provides information about the causes and impact of the Great Depression in the United States between 1929-1940. It discusses several key factors that led to the Depression, including depressed farms and industry, unequal wealth distribution, tight monetary policy, and declining foreign trade. The stock market crash of 1929 is described as having widespread and catastrophic effects, greatly damaging the economy. The human impacts of the widespread unemployment are also summarized, such as the formation of shanty towns known as "Hoovervilles" and many men abandoning their families to travel as "hoboes". The document concludes by noting the emotional toll of the Depression on Americans through feelings of failure, shame, despair, and anger.
The great depression 2
The document provides information about the causes and impact of the Great Depression in the United States between 1929-1940. It discusses several key factors that led to the Depression, including depressed farms and industry, unequal wealth distribution, tight monetary policy, and declining foreign trade. The stock market crash of 1929 is described as further exacerbating economic weaknesses. The summary describes the human toll of widespread unemployment and poverty, including the formation of shantytowns nicknamed "Hoovervilles." The emotional toll on Americans is also discussed.
The great depression 2
The document provides information about the causes and impact of the Great Depression in the United States between 1929-1940. It discusses several key factors that led to the Depression, including depressed farms and industry, unequal wealth distribution, tight monetary policy, and declining foreign trade. The stock market crash of 1929 is described as further exacerbating economic weaknesses. The summary describes how millions of Americans lost their jobs and savings, leading to the formation of shanty towns known as "Hoovervilles." The document also notes the long-lasting emotional and psychological toll the Depression took on the American people.
Causes of the great depression
The document summarizes several key causes of the Great Depression in the United States in the 1920s and 1930s. Republicans pursued policies of tax cuts for businesses and high tariffs that failed to benefit workers and hurt international trade. Overproduction, unchecked speculation in the stock market, weaknesses in the banking system, and declining agricultural industry also contributed to the economic crisis. Widespread bank failures and plummeting consumer demand devastated individuals, families, and the national economy.
Chapter 17 gd
The Great Depression began after the stock market crash of 1929 and lasted throughout the 1930s. Several factors contributed to the Depression, including overproduction, uneven income distribution, declining exports, and mistakes by the Federal Reserve. During the Depression, nearly 25% of the workforce was unemployed, many families lived in poverty with breadlines and soup kitchens, and some people became homeless hobos traveling the country. The Dust Bowl drought exacerbated the farming crisis and caused many to flee to California. President Hoover did not take action to help Americans suffering from the economic collapse.
Unit 1 the great depression pp notes
The document provides information about the causes and effects of the Stock Market Crash of 1929 and the Great Depression that followed. It discusses how overspeculation in the stock market, uneven distribution of wealth, excessive credit use, a weak farm economy, and global economic problems led to the crash. When stock prices plummeted, investors lost money, businesses lost profits, consumer spending dropped, workers were laid off, banks failed, and the US and world economies declined severely, resulting in high unemployment and poverty throughout the 1930s. The election of Franklin Roosevelt in 1932 represented a turning point, as he promised a "New Deal" with more government intervention to address the hardships of the Depression.
Causes of the Great Depression
The document summarizes the key causes of the Great Depression in the United States in the late 1920s and early 1930s. Extreme wealth inequality, overspeculation in the stock market fueled by margin buying, and tightening of the money supply by the Federal Reserve all contributed to the 1929 stock market crash. President Hoover's policy responses of voluntary cooperation and public works projects proved inadequate as thousands of banks failed and unemployment rose sharply. By 1932, many Americans were homeless and living in shanty towns nicknamed "Hoovervilles."
Chapter 17 gd
The Great Depression began after the stock market crash of 1929 and lasted throughout the 1930s. Several factors contributed to the crash and prolonged economic crisis, including overproduction, uneven income distribution, declining exports, mistakes by the Federal Reserve, and droughts that caused the Dust Bowl. As unemployment rose above 25%, many Americans lost their homes and lived in shantytowns. President Hoover did not take action to help citizens, worsening the crisis until Franklin D. Roosevelt was elected in 1932 on a platform of reform.
Similar to Weaknesses in the 1920s Economy (20)
More from EllenLesser
The Jazz Age
During the 1920s in America, known as the Jazz Age, jazz culture thrived and became synonymous with the free-spirited era. Jazz represented rebellion against prohibition and greater personal freedom, especially for women. The development of cinema and radio contributed to economic prosperity during this time by providing jobs and entertainment, though radio monopolies also emerged. While the Jazz Age brought aspects of unity through shared experiences, it also highlighted ongoing social and racial divisions in American society.
The Nature of Faith
This document discusses the relationship between faith and reason in believing in God. It presents arguments on both sides of the issue. It addresses whether it is rational to have faith in God without evidence, whether faith requires a conscious leap and decision, whether believing in God due to potential rewards and no losses is the wrong reason, and whether belief in God can be considered a fundamental belief. The document evaluates each view presented and raises counterarguments.
The Role and Position of Women
The document summarizes the history of women's suffrage in the United States from the 19th century to the 1920s. It notes key events and milestones, such as women gaining the right to vote in 1920 with the 19th amendment. However, it also provides evidence that suffrage did not necessarily translate to major changes in women's lives and roles in society. Opportunities remained limited and discrimination persisted in areas like the workplace and education. The feminist movement also faced ongoing divisions over its goals and strategy.
The Cosmological Argument
The document summarizes arguments for and against the cosmological argument. It presents the cosmological argument, which claims that everything that exists has a cause, the universe exists, therefore the universe must have a cause (God). It then discusses several objections, such as whether the universe truly had a beginning, Russell's argument that quantum events appear uncaused, and that the jump from a cause to God is unwarranted. The document also considers responses to these objections.
Religious Language
The document discusses verificationism and its application to religious language. It presents several arguments:
1) According to verificationism, religious claims like "God exists" are meaningless because they cannot be empirically verified or falsified.
2) However, some argue religious claims can be meaningful if God's existence can be empirically verified through things like design in nature or religious experiences.
3) Others counter that religious language may be subjectively meaningful due to personal faith even if claims can't be objectively falsified. Verificationism may not apply to all meaningful statements.
Miracles
There are differing definitions of what constitutes a miracle. Hume defined it as an event caused by God that violates the laws of nature, like Jesus turning water into wine. Aquinas defined it as divine intervention that involves nature doing something it could never do, doing something out of order, or happening without natural principles, like faith healing. Swinburne defined it as an event caused by God violating natural laws with religious significance. Holland proposed coincidence miracles that do not violate natural laws but are seen as religiously significant, like a driver having a heart attack to stop before hitting a trapped child. Arguments against miracles include that laws of nature are based on experience, testimony is unreliable, and miracles do not address the problem
Religious Experience
1) Religious experiences are argued to provide evidence for the existence of God, but there are counterarguments that question their validity and reliability.
2) Proponents argue that under William James' PINT framework, religious experiences have identifiable features and can be a rational basis for belief in God. However, critics argue that religious experiences can be explained by unusual physical or mental states and are not independently verifiable.
3) There is no consensus on whether religious experiences genuinely provide contact with a deity or higher power, or whether they can be fully explained by natural or psychological factors. Evaluating the evidence for and against considering religious experiences valid evidence of spiritual realities remains an open issue.
The Great Depression
The Great Depression document summarizes the key effects and consequences of the Great Depression in the United States during the 1930s. It had severe negative impacts on industry, farming, and ordinary lives. Unemployment rose dramatically to over 25% while personal income declined by 32%. Hoover attempted several policies and programs to address the Depression, but they were often too small in scale or inconsistent and failed to alleviate the crisis. Historians have differing views on what caused the Depression, but many fault Hoover for not doing more to reform the financial system or provide sufficient relief efforts.
Prohibition
Prohibition was introduced in the United States in 1920 to curb alcohol consumption and reduce social problems. However, it failed to achieve its goals and instead strengthened organized crime. Prohibition faced practical enforcement issues as only 3000 officers were tasked with nationwide enforcement, leaving them prone to corruption. It also led to the growth of powerful criminal gangs that capitalized on illegal alcohol production and distribution. While some groups strongly supported Prohibition, there was also significant opposition from politicians, business leaders, and society who still wished to consume alcohol. Prohibition was ultimately repealed in 1933.
Ku Klux Klan
The Ku Klux Klan first emerged after the Civil War to terrorize African Americans. It reformed in 1915 in response to mass immigration, targeting Jews, Catholics, immigrants from Southern and Eastern Europe, African Americans, socialists, and unions. At its peak in the 1920s, the KKK had an estimated 4 million members and wielded political influence, ensuring victories for Protestant candidates. However, membership declined rapidly afterwards due to scandals, achieving their goals of restrictive immigration laws, and infighting over their direction. While their support was concentrated in the rural South, this region held significant political power in the U.S. at the time.
Immigration Policies
The document summarizes key factors that led to restrictive immigration laws in the United States in the 1920s, including:
1) Fears about disloyal immigrant communities during World War I and a desire for assimilation led to restrictions on immigrants from Austria and Germany.
2) The Russian Revolution and fears of radical political ideas associated with immigrant workers led to raids arresting thousands without evidence in the Palmer Raids.
3) The influential Ku Klux Klan opposed immigration and gained political power, supporting restrictive immigration laws.
The 1920s Economy
The 1920s US economy saw high tariffs that boosted domestic industry but hurt farmers and trade, while tax cuts primarily benefited the wealthy. Regulations were reduced and businesses fixed prices. New technologies like the automobile and mass production grew industries and employment. However, easy credit, real estate speculation, and rampant stock market speculation built instability and left many in debt.
Question 1
In what ways does your media product use, develop or challenge forms and conventions of real media products?
Question 7
Looking back at your Preliminary Task, what do you feel you have learnt in the process from it to the full product?
More from EllenLesser (14)
Recently uploaded
BBR 2024 Summer Sessions Interview Training
Qualitative research interview training by Professor Katrina Pritchard and Dr Helen Williams
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"National Information Standards Organization (NISO)
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.Temple of Asclepius in Thrace. Excavation results
The temple and the sanctuary around were dedicated to Asklepios Zmidrenus. This name has been known since 1875 when an inscription dedicated to him was discovered in Rome. The inscription is dated in 227 AD and was left by soldiers originating from the city of Philippopolis (modern Plovdiv).
Benner "Expanding Pathways to Publishing Careers"
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
How to deliver Powerpoint Presentations.pptx
"How to make and deliver dynamic presentations by making it more interactive to captivate your audience attention"
Wound healing PPT
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Lifelines of National Economy chapter for Class 10 STUDY MATERIAL PDF
The chapter Lifelines of National Economy in Class 10 Geography focuses on the various modes of transportation and communication that play a vital role in the economic development of a country. These lifelines are crucial for the movement of goods, services, and people, thereby connecting different regions and promoting economic activities.
Leveraging Generative AI to Drive Nonprofit Innovation
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...Nguyen Thanh Tu Collection
https://app.box.com/s/y977uz6bpd3af4qsebv7r9b7s21935vdBÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...Nguyen Thanh Tu Collection
https://app.box.com/s/tacvl9ekroe9hqupdnjruiypvm9rdaneHow to Setup Warehouse & Location in Odoo 17 Inventory
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Gender and Mental Health - Counselling and Family Therapy Applications and In...
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.ppt
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
Stack Memory Organization of 8086 Microprocessor
The stack memory organization of 8086 microprocessor.
Recently uploaded (20)
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
Jemison, MacLaughlin, and Majumder "Broadening Pathways for Editors and Authors"
SWOT analysis in the project Keeping the Memory @live.pptx
SWOT analysis in the project Keeping the Memory @live.pptx
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
Lifelines of National Economy chapter for Class 10 STUDY MATERIAL PDF
Lifelines of National Economy chapter for Class 10 STUDY MATERIAL PDF
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Gender and Mental Health - Counselling and Family Therapy Applications and In...
Gender and Mental Health - Counselling and Family Therapy Applications and In...
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.ppt
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.ppt
Weaknesses in the 1920s Economy
- 1. Weaknesses in the 1920s Economy
- 2. 1) Unequal distribution of wealth • 60% of all American families had an income of less than $2000 per year (i.e. they were living below the poverty line). • Top 5% of people earned 1/3 of the wealth. • The only way poorer Americans could consume was through credit and consumption. • 80% of Americans had no savings at all. • This unequal distribution of wealth meant that the purchasing power was concentrated in the top margins of American society, meaning that, in reality, a whole group of consumers were not consuming.
- 3. 2) Farming problems • American farmers’ annual income was $477 below the national average. • They did not have purchasing power to participate in the boom. • There were 3500 foreclosures out of 5280 farms. • With the recovery of European agriculture after the First World War, American farmers were still overproducing, which drove prices down. • Natural disasters ruined crops, such as the boll weevil plague.
- 4. 3) Decline in old industries • Traditional industries such as textiles and coal mining began to decline after demand fell and production rose. • Old industries couldn’t compete with newer industries like oil. • The New England textiles industry collapsed because it couldn’t compete, and its workforce fell from 190,000 to 100,000 by 1933.
- 5. 4) Trade problems • Republican protectionism led to the passing of high tariffs which effected international trade due to retaliation by other countries. • Mass production meant that it wouldn’t be long until production outweighed demand and goods would need to be sold abroad, which wasn’t an option because goods could not be cheaply exported. • The surplus agricultural produce couldn’t be sold abroad either, meaning that the situation for farmers only got worse.
- 6. 5) Stock market speculation and lack of regulation • The American banking system was not regulated at all. • Lots of smaller banks, which serviced the agricultural sector, were speculating as much as the big banks, and collapsed with the system of credit. • There was no regulation of the stock market, encouraging speculation and leading to greater broker debts. • 75% of the purchased price of shares could be borrowed. • After 1927, there was an average of 5m transactions per day. • In 1927, the Federal Reserve Board lowered interest by 0.5%. • People had a blind faith in the market, supported by the fact that the fluctuation in the stock market between 1928-9 was always fixed. • Brokers had persuasive selling techniques involving ‘rags to riches’ tales. • The Federal Trade Commission was half-hearted at best.
- 7. 5) Stock market speculation and lack of regulation • Bank failures were common during the 1920s. • There was little consistency in measures to discourage speculation. • Charles Mitchell pumped $25m of his own money into the broker industry while the FRB was trying to discourage speculation. • The members of the Board were private bankers, putting their own interests above those of the nation. • No one wanted to see the bull market – which had not been failing so far – to be regulated, due to the laissez-faire attitude of the public.
- 8. 5.5) The extent of the Wall Street Crash (evaluation) • After the Crash, share prices were still higher than they had been in 1928. • Stock prices did not plunge until 1932. • Many historians say that the Crash was a symptom, rather than a cause, of the Depression. • The economy was already in dire straits by the time the Crash occurred.
- 9. 6) International debt • Great Britain and France didn’t have the money to pay back US war loans, meaning that America lost out on this source of income. • The war debts weakened the British and French currencies, which effected their capacity to consume US goods.