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There are many ways of going forward, but only one way of standing still. Franklin D.

Roosevelt

THE GREAT DEPRESSION
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CAUSES OF THE GREAT DEPRESSION

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CAUSES
Stock market crash of 1929 ´ Drought conditions ´ Credit ´ World War I ´ Not rotating crops ´ Removing the natural grass
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WORLD WAR I
Caused great damage across Europe ´ Countries acquired a great amount of debt ´ Couldn't pay back all debts ´ Europe pulled out of stocks, pulled out of America stock market ´ Had there own depression going on
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STOCK MARKET CRASH OF 1929
Increased Production of products made in the U.S ´ America Pulled out of Europe's stock market and out of America ´ The Panic days lead to the fall of the Market
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THE PANIC DAYS
Black Thursday( October 24, 1929)- A record of 12.9 million shares were sold compared to the normal of 4 million ´ Black Monday( October 28, 1929- 9.5 million shares sold ´ Black Tuesday( October 29, 1929)- record of 16.4 million shares sold. Tickers were behind by 3 hours ´ All together the market fell 39%
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CREDIT
The roaring twenties- time of prosperity for America ´ Credit was being used everywhere with a interest ´ Buy now pay later for low income families was a common thing ´ Country became in debt, because of the fall of the stock market people count pay their debt
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PROBLEM IN THE MIDWEST
Extreme drought in the 1930`s ´ The jet stream changed and left drought in the great plains.
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CROP ROTATING
Many immigrants moved to the United states and moved to the Mid-West ´ Didn·t rotate crops ´ Removed the grass ´ Top soil become loose and become vulnerable for wind erosion
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DURING THE GREAT DEPRESSION

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DURING
High Unemployment rate ´ Dust storms ´ Trade collapses ´ Bank crisis ´ Market decline ´ Leaders ´ Over seas
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UNEMPLOYMENT

Worst unemployment rate was in 1933 at 24.9 % around 13 million people ´ Lines of people out of unemployment office ´ Economy went down for supporting so many people ´ Around 11,000 banks closed out of the 25,000
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BANK CRISIS
Nobody could buy products, so stores couldn·t make money or pay rent ´ Over 9,000 saving accounts were closed ´ Bank giving out loans also closed banks ´ State Street Bank is one of the banks that survived
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TRADE
Tariff act of 1930 or Smoot²Hawley Tariff ´ Raised taxes on over 20,000 imported products ´ Farmers effected the most not being able to trade cotton, wheat, tobacco, lumber
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Willis C. Hawley (left) and Reed Smoot

DUST STORMS

Red Cross volunteers, Liberal, Kansas

Dust storm approaching Elkhart, Kansas, May 1937

Goodwell, Oklahoma, June 4, 1937

Known as the Dirt Thirties ´ Dust storms reached cities like New York and Washington DC ´ Black Sunday April 14, 1935 was the worst storm the wind was 60 miles an hour ´ People described it as a blizzard with sand and dirt being thrown in your face
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OVER SEAS
Effected South America economy ´ Nobody brought coffee, or any other export ´ In Great Britain, industry fell along trade ´ In Germany 6 million people were unemployed ´ Many of the countries in Europe didn·t recover until after WWII
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THE STOCK MARKET
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´Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even.µ ³Richard M. Salsman DOW reached low of 40.56

HERBERT HOOVER

31ST

PRESIDENT

FRANKLIN ROOSEVELT 32ND PRESIDENT

LEADERS

HERBERT HOOVER
Hoover Moratorium- Called for Europe's countries to stop paying war debts ´ Hoped it would stop Europe's economy from failing ´ Had shanty town named after him (Homerville's) ´ People blames him for not getting the government involved ´ Feared too much government intervention
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FRANKLIN ROOSEVELT
Began his 100 days with trying to get the rich to support the poor ´ Bill passes to close banks ´ Creates groups to protect farmland like The Agricultural Adjustment Administration, Farm Credit Administration ´ Through his days lowered unemployment and raised GNP
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EFFECTS OF THE GREAT DEPRESSION
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EFFECTS
In Germany it lead to Adolf Hitler getting powerWWII ´ Leads more countries to Communism ´ Lead U.S to become a Super Power ´ Lead U.S to have Highways and Large Military ´ Farmers learned to use land properly
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FARM`S
Rotated crops, split the land into thirds, ´ Only used one 1/3 of the land and let the other two grow and rest ´ Government paid close attention to farm`s, had organization`s to help farmers
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COMMUNISM
Was a response to the down fall of he economy in Russia ´ Was were the government Paid little for the peasant farmers ´ The ones who refused where sent to Siberia and over 20 million people died in Russia during this time
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WWII
Hitler gained power to conquer land from land taken away from Germany from WWI ´ Hitler promised to free the people of Germany and Italy. ´ Germany was suffering from debt and was losing money
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German woman using Frank to heat her house

U.S DEVELOPMENT
Highways were created to get military around faster ´ Highway building gave money towards each state ´ Military gave people job opportunities
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THE END