The Great Depression

1929-1940

1920s-1933

Causes of the Depressionmass consumption and over-production

uneven distribution of wealth

international problems

Stock Market Crash of 1929

1920s-1933

Introduction1929 to early 1940s

FDR and the New Deal

worldwide effects

lasting effects

1920s-1933

Economic CollapseUnemployment

failure of banks

Farmers

WORLD EFFECTS nations wanted to balance their budgets

Germany

○ struggling to pay off war reparations from WWI

○ 40% of the German workforce was unemployed by 1932

WORLD EFFECTS○ Nazi Party became the strongest force in

Germany

Britain

○ suffering from high unemployment through much of the 1920s

○ had government welfare payments to ease the burden of the depression

LIFE IN THE U.S.

the depression effected the lives Americans, physically and psychologically

many people lacked adequate food, shelter, and clothing

Self-blame and self-doubt became epidemic, because the economic system distributed rewards based on merit

LIFE IN THE U.S.

Role of men○ manufacturing jobs that were hardest hit

○ many men argued that women, should not be hired while men were unemployed

Role of Women teaching, and social-service jobs, grew

during the New Deal

LIFE IN THE U.S. Role of Children

many children took on greater responsibilities at an earlier age

teenagers found jobs when their parents could not

Role of Minoritiesby 1932 about 50 percent of the nation’s

African American workers were unemployedNative Americans were seen poorly by

virtually every social or economic indicator

ROOSEVELT By 1932, the depression had made Hoover so unpopular that Roosevelt’s candidacy was assured

Roosevelt quickly lifted the nation’s spirits

Within days of his inauguration Roosevelt put himself into action

THE FIRST NEW DEAL

The First 100 Days

Emergency Banking Relief Act, which gave Roosevelt the power to regulate banking transactions and foreign exchange

Federal Deposit Insurance Corporation (FDIC) that insured individuals’ savings of up to $5,000

THE FIRST NEW DEALCivilian Conservation Corps (CCC) corps

hired unemployed young men to work on environmental conservation projects throughout the country

Agricultural Adjustment Administration (AAA) temporarily reset production quotas for farm commodities, including corn, wheat, rice, milk, cotton, and livestock

THE SECOND NEW DEAL

Although the programs of the First New Deal appeased the Depression some, the First New Deal did not end the DepressionA Second New Deal was needed…

New demands emerged…

Goals

THE SECOND NEW DEAL

BIGGEST relief agency: WPACombat Depression with…

Buildings, airports, roads, and schools were built

National Youth Administration

1943

THE SECOND NEW DEAL BIGGEST contribution to relief

according to Roosevelt: The Social Security Act of 1935Created a system of insurance for the…

Funded by…

Today…

THE END OF THE DEPRESSION

Economic conditions improved in the late 1930s, but…

Sept. 1939: Outbreak of WWII in Europe led the US too…

THE END OF THE DEPRESSION US entered WWII and led too…

All areas of the economy to come together and support the war effort

○ Women

A HUGE expand in industry

Unemployment to be replaced with a shortage of workers.

LASTING EFFECTS

Led to government intervention in…Example: Social Security

Changed the relationship between the government and the peopleBigger role of government in people’s lives

LASTING EFFECTS

Led to a new political set upDemocrats…

“Revived an emphasis on …” (MSN Encarta)

Economic control of the “free market” to avoid another economic depression

Sources http://encarta.msn.com/encyclopedia_761584403_

2/Great_Depression_in_the_United_States.html

(students can use this website as a resource)

http://riverdaughter.files.wordpress.com/2009/02/socialsecurityactfdr.jpg (Picture)

http://countrystudies.us/united-states/history-98.htm