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The Great Depression and The New Deal

The Great Depression and The New Deal. 1929 - 1940. Stock Market Challenge. What is the Stock Market? What causes something to be valuable? What factors cause a stock to rise or fall? What is the difference between a recession and a depression ?. Causes of The Great Depression.

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The Great Depression and The New Deal

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  1. The Great Depression and The New Deal 1929 - 1940

  2. Stock Market Challenge • What is the Stock Market? • What causes something to be valuable? • What factors cause a stock to rise or fall? • What is the difference between a recession and a depression?

  3. Causes of The Great Depression • The optimism of the 1920’s concealed problems in the American economic system • In October of 1929, The stock market crashed. It was at record lows and everyone lost their life savings • There were 3 main causes of the Great Depression

  4. #1) The “Crash” • People over speculated on stocks, using borrowed money they could not repay when stock prices crashed

  5. #2) No Bank safety net • The federal reserve failed to prevent the collapse of the banking system

  6. #3) No international trade • High tariffs discouraged international trade

  7. Severe impact on Americans • A large number of banks and other businesses failed • One fourth of workers were without jobs • Large numbers of people were hungry and homeless • Farmers incomes fell to low levels

  8. http://www.youtube.com/watch?v=aPtbekTh2qo&NR=1

  9. “Brother Can You Spare a Dime”A popular depression era song • Sirloin Steak (per pound) • Chicken (per pound) • Bread (1 loaf) • Potatoes (per pound) • Bananas (per pound) • Milk ( a quart) • Cheese (per pound) • Canned Tomatoes • Oranges (I dozen) • Cornflakes (small box) • .29 (cents) • .22 • .05 • .02 • .07 • .10 • .29 • .09 • .27 • .08

  10. The New Deal 3 Goals (3 R’s) Relief Recovery Reform

  11. “The only thing we have to fear, is fear itself” – FDR’s inaugural address • http://www.americanrhetoric.com/speeches/fdrfirstinaugural.html • In the 1932 presidential election Herbert Hoover ran for re-election against New York Governor Franklin D. Roosevelt (FDR) • FDR easily won with the promise of a new deal that would pull the country out of the Depression

  12. What was the New Deal? • There were five (5) major features to the New Deal

  13. Five parts of the New Deal • Social Security • Federal work programs • Environmental improvement programs • Farm assistance programs • Increased rights for labor

  14. New Deal Programs Worksheet • Get with 6:00 clock partner and the person on the left go and get each of you a textbook. • Use text pages 732-734 to fill in the New Deal Chart • When you are done put your textbooks away and raise your hand for me to check it.

  15. Franklin Roosevelt's “NEW DEAL” • There were lots of programs set up by the New Deal, but here are 4 Primary programs to know!

  16. **Remember the Federal Reserve FAILED to protect the banks…The FDIC was created So it would never happen again**

  17. The SEC prevents corporations from cheating and lying about their stock values and gains and losses

  18. Great Depression Final thoughts • Though the New Deal programs had many successes, it was ultimately WWII that ended the Great Depression! • Though we have 3 main causes of the Great Depression, a major key factor was Americans large personal debts….We simply borrowed and spent too much money that we couldn’t pay back!

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