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The Great Depression. 1920’s Automobile Industry. 1920’s Stock Market. Stock Market Crashing. Stock Market Crash. 10/18/1929= 1 0/24/1929= 10/25/1929= 10/27/1929= 10/28/1929=. Stock Market Crash. Fractional Reserve System. Person deposits $1000 into a Bank
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Stock Market Crash 10/18/1929= 10/24/1929= 10/25/1929= 10/27/1929= 10/28/1929=
Fractional Reserve System Person deposits $1000 into a Bank The Bank Loans out $900 dollars to People loaning money People who loaned money pay bank back plus interest ($900 X 5% = $945) Depositor takes $1000 out of Bank
Fractional Reserve System Bank Run
Hoover’s Economic Philosophy Bull Market Classical Economics Associative State
The New Deal Stop The Banking Crisis Help Farmers Increase Aid To The Needy Reduce Unemployment Help Wall Street
The New Deal on Banking Bank Holiday Government Oversight on Banks Government Insured Peoples Deposits $1 Billion New Deposits in a Month
New Deal on the Stock Market Federal Securities Act Securities and Exchange Commission
New Deal on Farming Give farmers a subsidy to plant less Better Farming Practices Increase Access to Electricity
New Deal on Unemployment Civilian Conservation Corps Tennessee Valley Authority National Industrial Recovery Act
The Second New Deal Works Progress Administration Social Security National Relations Labor Act
Supreme Court on “The New Deal” Parts of NIRA= Unconstitutional Tax to Support Farmer Subsidy’s= Unconstitutional
FDR on the Supreme Court 9 Judges Stop FDR Policy’s Appoint 6 More Judges To Tip Vote