The Great Depression

1. The Great Depression By Nick Hemmert

2. The 1920’s

3. The Roaring Twenties • One of the most defining decades in American History. • After World War I • The Age of Jazz • Silent Movies • The Flapper • Short hair for men and women

4. A Day of Reckoning A Day of Reckoning • On Black Tuesday, October 24, 1929, the Stock Market collapsed.

5. Wall Street Stock-Market Crash Of 1929 • The crash precipitated the Great Depression, the worst economic downturn in the history of the United States. • In the words of a gray haired Stock Exchange guard, "They roared like a lot of lions and tigers.

6. A Day of Reckoning “They hollered and screamed, they clawed at one another. The trading floor of the new York stock exchange was like a bunch of crazy men.” “Every once in a while, when radio or steel would take another tumble, you'd see some poor devil collapse and fall to the floor.".

7. Wall Street Stock-Market Crash Of 1929 • The stock market was in shambles. Many banks couldn't continue to operate. • Farmers fell into bankruptcy.

8. End of an Era • The Wall Street Crash of 1929 brought the Roaring Twenties to an end and led to a Depression in America. • The Great Depression was probably the lowest point in American economic history.

9. Reasons • One of the reasons this happened was how people had invested in stocks during the 1920s. • Many people used credit to invest, and some companies they invested in were worthless. • When investors started to wise up, lots of people sold stock quickly, the prices went down fast, and almost everybody lost money.

10. The 1930’s and the Great Depression

11. Famous Photographs of the Great Depression http://history1900s.about.com/library/photos/blygd45.htm

12. Famous Photographs of the Great Depression Era http://www.exitmundi.nl/oilproblem_familie.jpg

13. Famous Photographs of the Great Depression Era

14. Famous Photographs of the Great Depression Era

15. The Great Depression • One out of every four people in America lost his or her job. • Some people starved trying to find work, while others did all they could to just hang on a little longer. Some could only find food in soup lines.

16. The New Deal • When Franklin D. Roosevelt accepted the Democratic nomination for president of the United States in 1932, he pledged to create "...a new deal for the American people."

17. The New Deal • The New Deal became the term that described all of Roosevelt's later efforts to help the tens of millions of people. • The New Deal had three goals: • Relief for people who needed food and shelter • Recovery to lift the country out of the economic recession and provide jobs • Reform to create laws and institutions that make sure such a long and difficult depression never happen again

18. The Future • The New Deal programs helped many Americans, but it wasn’t until World War II that the American economy straightened out.

19. Effects of the Great Depression • * Widespread hunger, poverty, and unemployment • * Worldwide economic crisis • * Democratic victory in 1232 election • * FDR's New Deal

20. Effects of the Great Depression • Widespread hunger • Poverty • Soup lines