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The Great Depression 1929—1941

The Great Depression 1929—1941. Learning Objective: Explain the causes and effects of the Great Depression. http://www.pbs.org/wgbh/americanexperience/films/crash/. Multi-Flow Map. Read The Great Depression – What Crashed and Why Underline causes; circle effects

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The Great Depression 1929—1941

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  1. The Great Depression1929—1941 Learning Objective: Explain the causes and effects of the Great Depression. http://www.pbs.org/wgbh/americanexperience/films/crash/

  2. Multi-Flow Map • Read The Great Depression – What Crashed and Why • Underline causes; circle effects • Create a cause/effect flow map • Discuss at your table, help each other out. • Try to list 3 causes • Try to list 3 effects

  3. Cause--Effect Some Banks Close: people lose money Over-production of products The Great Depression Breadlines, Hoovervilles, homeless Stock market Crash Black Tuesday Businesses close- up to 25% un-employment People buying on credit Buying stocks on margin

  4. President Herbert Hoover 1929--1933 • Acted conservatively(did not want to hand out relief); instead raised taxes, made the economy worse. • “Hoovervilles” • Finally in 1932, he set up the Public Works Program: Government funded projects to build public resources such as roads and dams http://www.arizona-leisure.com/hoover-dam.htmlhttp://www.pbs.org/wgbh/americanexperience/films/hoover/ • Hoover loses to FDR because he was blamed for not doing enough to aid the American people.

  5. “Hoovervilles” • a collection of huts and shacks at the edge of a city housing the unemployed during the 1930s, named for President Hoover.

  6. Read Hoovervilles with partner • Answer questions

  7. Franklin Delano Roosevelt (FDR) 1933-1945 • “New Deal”: plan to ease American’s • immediate suffering and to prevent future • Depressions: • 1.relief for the hungry and homeless • 2.recovery for agriculture and industry • 3.reforms to change the way the economy worked • FDIC: Federal Deposit Insurance Corporation, set up to protect savings, up to $100,000. It will replace the deposits of individuals if banks close. http://www.colossalcave.com/ccc.html

  8. Foldable Directions Create a foldable describing the first steps that Roosevelt took to fight the Great Depression. • Bank Holiday • Fireside Chats • New Deal

  9. p. 112 “Work Projects” under FDR and the New Deal(s)

  10. Major Programs • Create a chart of the Hundred Days and Second New Deal Programs and their accomplishments

  11. Roosevelt Fights the Supreme Court • Most of the justices did not support his programs • Struck down laws they felt gave the federal government too much power • 1937 – FDR asks Congress to pass bill allowing him to add up to 6 justices • Court-packing Bill criticized and failed to pass

  12. New Deal Slows Down • Opposition to FDR grows after court packing attempt • Goods produced by industry fell • Unemployment rose • FDR’s use of deficit spending criticized • Deficit spending – using borrowed money to fund government programs

  13. Cue Questions • What is buying on margin? • How did buying on margin create a problem? • How did Roosevelt give Americans hope? • What happened during the period known as the Hundred Days?

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