1 / 14

THE GREAT DEPRESSION OF THE 1930’S

THE GREAT DEPRESSION OF THE 1930’S. “ Brother can you spare a dime?”. Credit. Consumer loans Houses Cars Clothing. Stocks. Ownership in a company Company makes money – stock prices go up Buy low – sell high. Buying on Margin. Borrow money to buy stocks. Stock prices go up

randi
Download Presentation

THE GREAT DEPRESSION OF THE 1930’S

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. THE GREAT DEPRESSION OF THE 1930’S “Brother can you spare a dime?”

  2. Credit • Consumer loans • Houses • Cars • Clothing

  3. Stocks • Ownership in a company • Company makes money – stock prices go up • Buy low – sell high

  4. Buying on Margin • Borrow money to buy stocks. • Stock prices go up • Sell stocks – make profit • Pay off loan

  5. STOCK MARKET CRASH 1929 • “Black Thursday”, October 24, 1929 • “Black Tuesday”, October 29, 1929

  6. Effects of the Depression • Factories and mines close • Banks are worthless • Consumer buying stops • Competition for jobs causes racial tensions

  7. 1932 • 14 million Americans are jobless (almost 1/3 the workforce) • Banks foreclose on houses and farms • No food, no clothes, no jobs

  8. Colorado Kansas Oklahoma New Mexico Texas Cropland destroyed Respiratory health Unsanitary living Rampant crime Debt-ridden families THE DUST BOWL

  9. DUST BOWL ORPHANS • Mass exodus to California • Migrant workers

  10. The New Deal • Franklin D. Roosevelt elected 1932 • New Deal • Create jobs • Stimulate the economy

  11. The New Deal’s Critics • Women & Minorities • Progressives & Socialists – wanted more • Republicans • Government getting too big • FDR like a dictator • New Deal = socialism

  12. Results of the New Deal • Helped a LITTLE for SHORT time • Recession • National Debt • Helped some artists • Public works

  13. Cultural Life • Literature • John Steinbeck • Radio • Comedies & Soap Operas • Movies • 25 cents for a double feature • Wizard of Oz • Disney movies

More Related