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Chapter 28: The Roaring Twenties and the Great Depression

Chapter 28: The Roaring Twenties and the Great Depression. Pages 401 - 415. 28.2 The Roaring Twenties. Modern Life Begins: Electricity brought vacuums and refrigerators Automobiles allowed people to live in the suburbs and drive to the city for work Modern Women:

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Chapter 28: The Roaring Twenties and the Great Depression

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  1. Chapter 28: The Roaring Twenties and the Great Depression Pages 401 - 415

  2. 28.2 The Roaring Twenties Modern Life Begins: • Electricity brought vacuums and refrigerators • Automobiles allowed people to live in the suburbs and drive to the city for work Modern Women: • They worked and took office in politics • They cut their hair and their clothes short • They smoked, drank and did other things as men did Prosperous Times: • Henry Ford created the assembly line for cars • This made a market for other products • People could afford more products • Companies allowed people to buy products on credit (pay back later)

  3. The Stock Market Booms: • Individuals, stockbrokers and banks bought heavily in the stock market Fun Times: • People had money and they spent it all the time • They loved to go to clubs and drink • Alcohol making became illegal so people did it illegally The Dark Side of the 1920’s: • Ku Klux Klan started up and was even stronger • They set out to destroy anyone that was not white and Christian

  4. 28.3 Economy Sinks Into Depression The Stock Market Crash: • The stock market started losing it value • People panicked and started selling all their stocks • The value of stocks fell and fell • Everyone who was living well in stocks had lost all of their money The Depression Begins: • People lost everything so they committed suicide • Country lost 30 Billion Dollars • Banks did not have money that belong to people so they lost their savings • Businesses started to close and people lost their jobs

  5. Losing Jobs and Homes: • People were losing their homes and had to live on streets • People ate garbage and starved to death • Parents could not afford their children and put them in orphanages Hoover Tries to Respond: • Hoover started giving loans to banks and making jobs • The plan didn’t work • Americans wanted a new president

  6. 28.4 The New Deal • Franklin D. Roosevelt became president The First Hundred Days: • In this time Roosevelt did many things to help the country • 15 major bills and established programs with 3 goals (New Deal) Goal One • Relief for the Needy: • US gave money for food and assistance • Supplied new jobs • Social Security Act- gave money to elderly that could not work

  7. Goal Two: Economic Recovery • Set prices that were more affordable • Let workers join unions Agricultural Recovery: • US gave money to farmers to grow less crops • US started planting trees to help the soil in the South stay useful Goal Three: Banking Reform • Made it so that if you have money in a bank you can not lose it • Helped people put their money back into banks

  8. 28.5 Impact of the New Deal Impact on the Poor and Unemployed: • Gave them money and high spirits • Helped the elderly • Did not help discrimination of minorities Impact on Workers and Business: • Helped gain union rights • Let government regulate the stock market so it will not crash again

  9. Impact on Farmers and Rural Americans: • Farmers did not lose their farms but their workers lost their jobs because they were not needed • Electricity was brought to farms to make life easier Impact on Government: • The New Deal brought lots of government jobs • Made the Government like a father to its citizens

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