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Depression
Unit Essential Question:
How did the political, economic, and social
changes in the 1920s and 1930s affect the
daily life of Americans?
Stock
Exchange
A special market where
shares of stocks are bought
and sold.
BLACK TUESDAY
October
29, 1929
Stock
market
crashes
Investors
began selling
stocks
Sudden sales
caused prices
to drop more
Investors panicked.
Everyone sold stocks.
Stocks became worthless.
Great Depression
A period of failed
businesses and
massive
unemployment that
lasted throughout the
1930s.
Great
Depression
Effect 1
Effect 2
Effect 3
Effect 4
Effects of the
Great Depression
1. More than 5,000 banks
failed.
2. 32,000 companies and
stores closed.
3. 12 million + lost their
jobs.
Effects of the
Great Depression
4. People lost their
homes.
5. People unable to pay
taxes- schools closed.
Summarize
- Name 3 things that caused
the Great Depression
- Name 2 other causes of the
Great Depression.
- Name 1 major effect of the
Great Depression.
Black Blizzards
Giant dust storms
that blew across
the entire region.
Dust Storms
EFFECTS
Farmers went
Blotted out
the sun
broke
Buried farms
in dust
+ population
left the region
Franklin
Roosevelt
Becomes
President
Lesson EQ: What role did FDR
play in the US recovering from
the Great Depression?
Herbert Hoover
1874-1964
st
31
President
1929-1933
Hoovervilles
Franklin Delano
Roosevelt (FDR)
The
New
Deal
FDIC
(Federal Deposit
Insurance Corporation)
The government would pay
back a specified amount of
the investors money.
Loans were
given to farmers
and businesses.
The
government
took control of
the sale of
stocks.
In 1940 it
gave $16
billion to
the jobless.
CCC
Civilian
Conservation Corps
People were hired to work on
government lands.
CCC Requirements
Single
Unemployed
Men between the ages of 1723
Had to promise to send $22 or
more of his $30 back home
Set a minimum
wage for all
Americans and
made the
standard work
week 40 hours.
NIRA
National Industrial
Recovery Act
Worked in favor of any
industrial jobs
Congress
passed a law
that allowed
workers to form
labor unions
PWA
Public Works
Administration
Construction of public
roads and buildings.
FHA
Federal Housing
Act 1937
Helped American
workers find safe and
affordable housing.
TVA
(Tennessee Valley
Authority)
AAA
Agricultural
Adjustment Act
Helped farmers get higher prices
for their products.
Government offered farmers
money not to grow certain items.
If less farmers grew that item
more money would be given to the
ones that did
Eleanor Roosevelt
Unemployment
Banks closed
More business prospered
The stock market crashed
FDIC
CCC
Social Security Act
NATO