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  • Great Depression

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    CPK HK
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    The Great Depression was a severe worldwide economic depression that began in 1929 and lasted until about 1939. It was the longest and deepest depression ever experienced by the industrialized Western world. The document summarizes some of the key causes and impacts of the Great Depression in the United States, including overproduction, bank failures, the stock market crash of 1929, and droughts in the Great Plains region known as the Dust Bowl. It also provides an overview of some of the major programs and reforms of President Franklin D. Roosevelt's New Deal, which aimed to provide relief for the unemployed, plans for economic recovery, and reforms to prevent future depressions.

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    5. Great Depression

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    The Great Depression was a severe worldwide economic depression that began in 1929 and lasted until about 1939. It was the longest and deepest depression ever experienced by the industrialized Western world. The document summarizes some of the key causes and impacts of the Great Depression in the United States, including overproduction, bank failures, the stock market crash of 1929, and droughts in the Great Plains region known as the Dust Bowl. It also provides an overview of some of the major programs and reforms of President Franklin D. Roosevelt's New Deal, which aimed to provide relief for the unemployed, plans for economic recovery, and reforms to prevent future depressions.

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    7 views12 pages

    Great Depression

    Uploaded by

    CPK HK
    The Great Depression was a severe worldwide economic depression that began in 1929 and lasted until about 1939. It was the longest and deepest depression ever experienced by the industrialized Western world. The document summarizes some of the key causes and impacts of the Great Depression in the United States, including overproduction, bank failures, the stock market crash of 1929, and droughts in the Great Plains region known as the Dust Bowl. It also provides an overview of some of the major programs and reforms of President Franklin D. Roosevelt's New Deal, which aimed to provide relief for the unemployed, plans for economic recovery, and reforms to prevent future depressions.

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    © All Rights Reserved
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    of 12

    Great Depression

    • The severe economic slump that followed the


    collapse of the U.S. Stock market in 1929.
    1920’s Factories making Too
    Much, Farms growing
    Problems too much

    BANKS Have NO $$
    PEOPLE LOST SAVINGS & Factories Fire Workers
    JOBS (Don’t need
    them)
    NO ONE TO HELP!
    Farm Prices fall
    (Farmers can’t make $$)

    Banks Close because they


    have no money: Loans have Farmers & Factory Workers
    not been paid back, can’t can’t pay back loans to Banks:
    give people their savings DEFAULT!!
    Causes
    A. Causes of the Depression (Indirect)
    1. Overproduction, too much stuff (Factories and Farms)
    a. Factory Workers begin to get layed-off
    - Workers cannot buy goods, even more goods are overproduced
    b. Farmers Can’t Survive
    -low prices (can’t pay loans / make a living)
    c. Supply & Demand- Prices Drop
    2. Bank Failures
    a. Banks close and loose $$$
    b. People default on loans (Can’t pay Back)
    c. Banks cannot cover their deposits, because it was lent out to
    bad creditors **5,000 banks close between 1929-1932**
    d. People loose entire LIFE SAVINGS
    Cause & Sparks of Depression

    B. SPARK!!! Of the Depression (Direct)


    1. Stock Market Crash, Black Thur. Oct. 29, 1929
    a. Summer 1929, Investors begin to sell stocks
    b. Supply & Demand Again – Massive Sell-Off and prices begin to drop
    2. How???
    a. Buying on Margin (Borrowing $$)
    - Buy stock by just paying a small portion of what the stock is
    worth
    ex.- 100 shares at $10= $1000 only pay $300
    still owe $700
    -Problem, stock crashes and you loose your money and
    can’t payback stock broker
    - stock broker can’t pay back bank
    (One More Natural Cause)
    Natural Disaster “The DUST BOWL”

    A. Great Plains suffers a huge Drought (1931)


    1. Causes:
    a. Drought . . .no rain
    b. New technology, tractors and steel plows tear-up extra sod that
    was holding onto soil, drought turns open soil into sand box
    2. Huge Dust storms cover ‘Great Plains
    B. Results
    1. Can’t pay banks- Banks take Farms
    2. Many Great Plains farmers move to California,
    a. Try to get jobs on large farms
    b. Treated poorly in Calif. -
    Results
    A. Jobless / Homeless
    1. 1930-1932 – Jobless goes from 4 to 12
    million
    2. Houses are lost, people become
    homeless
    3. People are Desperate!!!!
    Fixing the Depression
    “New Deal”

    Define: The New Deal :


    was a series of programs and projects (Ex: CCC, WPA, TVA and SEC)
    instituted during the Great Depression by President Franklin D.
    Roosevelt that aimed to restore prosperity to Americans.
    Fixing the Depression “New Deal”
    A NEW DEAL!!!

    1. NEW DEAL BEGINS- 3 Goals:


    a. Relief for Unemployed
    b. Plans for Recovery
    c. Reforms to Prevent more Depressions

    2. Major New Deal Programs


    a. Unemployment
    *CCC- Civilian Conservation Corp
    *PWA- Public Works Administration

    b. Recovery Plans
    *NRA- National Recovery Act
    *AAA- Agricultural Adjustment Admin.
    Results of “New Deal”

    Results- Negative results: *Did NOT end the Depression


    * Most of the Businessmen disliked New Deal
    Positive results: *Gave country confidence
    * Ended banking crisis
    *Helped with some Jobs
    *Infrastructure (buildings, schools, bridges, electricity, artwork)

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