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The Great Depression

The Great Depression. Unit 12—Chapter Thirty-One GS – 5.2 USHC- 6.3 GS – 5.3 USHC- 6.4 GS – 5.5 . HIGH TARIFFS AND WAR DEBTS. CAUSES OF THE GREAT DEPRESSION. OVER PRODUCTION. UNEQUAL DISTRIBUTION OF WEALTH. STOCK MARKET CRASH AND FINANCIAL PANIC. MONETARY POLICY.

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The Great Depression

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  1. The Great Depression Unit 12—Chapter Thirty-One GS – 5.2 USHC- 6.3 GS – 5.3 USHC- 6.4 GS – 5.5

  2. HIGH TARIFFS AND WAR DEBTS CAUSES OF THE GREAT DEPRESSION OVER PRODUCTION UNEQUAL DISTRIBUTION OF WEALTH STOCK MARKET CRASH AND FINANCIAL PANIC MONETARY POLICY INDUSTRY AGRICULTURE

  3. DUST BOWL • THEDUST BOWLREFERS TO THE AREA OF THEGREAT PLAINSTHAT WAS DEVASTATED BY DROUGHT, POOR FARMINING PRACTICES, AND OVERGRAZING. • WIND DRIVEN CLOUDS OF BLOWN AWAY TOPSOIL THAT RESEMBLED DARK STORM CLOUDS

  4. WHERE DID THE DUSTBOWL TAKE PLACE ?

  5. THE 1929 CRASH • In September the Stock Market had some unusual up & down movements • On October 24, the market took a plunge . . .the worst was yet to come • On October 29, now known as Black Tuesday, the bottom fell out…the Stock Market crashed!! • 16.4 million shares were sold that day – prices plummeted • People who had bought on margin (credit) were stuck with huge debts

  6. Soup Kitchens and Breadlines Common sight in US cities during the 1930s. Private groups providing usually the only meal families got each day. “Hoovervilles” or shantytowns built by the homeless around cities. Hoboes or men who traveled by rail looking for food and work.

  7. Hobos

  8. Analyze the chart above. What are the trends across the US? Marriages ended by husband leaving family when he couldn’t find work Suicide rate - __________________________________________ Children _________________________________________________. Women did ______________________________________________

  9. UNEMPLOYMENT IN MILLIONS OF WORKERS Great Depression: 1929-1933 • UNEMPLOYMENT REACHED 25 % by 1933

  10. Political: Republican Response to the Great Depression Republican Response: Reconstruction Finance Corporation (RFC) Raised the tariff Boulder Dam Project Suspended payments on the Dawes Plan (World War I debt payments from the allies).

  11. BOULDER (HOOVER) DAM -“DIRECT RELIEF” PROGRAM OVER THE CONSTRUCTION OF THE HOOVER DAM IN NEVADA -EMPLOYED THOUSANDS WHO NEEDED JOBS -TO SMALL SCALE

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