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The Great Depression and the New Deal

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by

Nikki Gonzalez

on 11 May 2011

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Transcript of The Great Depression and the New Deal

Depression Credit Banking Bull Market Bear Market Margin Buying Stock Market Banking Crisis Business Failure Black Tuesday Black Thursday Bull Market: The upward trend in stock prices. Bear Market The downward trend in stock prices. Margin Buying: -Pruchasing stocks with borrowed money -Very risky
-The use of the shares themselves as payment. Stock Speculation: Playing the market to make a quick profit. Black Thursday:
October 24,1929; an increase of stock sold back to the market. Black Tuesday:
October 29, 1929; prices sunk to an all time low when 16 million stock were sold back to the market. Global Depression Income Gap Business Cycle Great Depression City struggles Farm Life Hoover Smoot-Hawley Tariff
Protected American industries from inexpensive imports.
No more foreign market Franklin Delano Roosevelt Andrew Mellon Rugged Individualism:
Success that comes come individual effort and human independence. Reconstruction Finance Corporation:
Responsible for lending up to $2 billion taxpayer money to stabilize toubled institutions. Federal Emergency Relief Board
$375 million for direct aid to unemployed
Rejected by Hoover President Committee for Unemployment Relief
-assist state and local relief efforts
-Americans should contribute to charity VOLUNTARISM Laissez-faire Federal Farm Board
$500 million
help farmers help themselves
loans
lower expenses Home Loan Bank Act
provided money to savings
hoped to decrease foreclosures on homes and farms Bonus Army "In Hoover we trusted and now were busted." Dr. Francis Townsend
-Government should grant pension of $200 a month for Americans over 60.
-Use within 30 to fuel the economy. Charles E. Coughlin
-the government to should nationalize banks and return to the silver standard Huey Long
*take from the rich and give to the poor.
Share-Our-Wealth:
sieze wealth from the rich through taxes and provide a minimum income and home to American families. Second New Deal New series of programs
continued support to promote social relief and economic recovery
long term reform Works Progress Administration
Gave people work
8.5 million people found work
What did these projects include? Airports
Public buildings
Bridges
Roads National Youth Administration
Let youth find jobs and also stay in school Social Security Act
1. Provided unemployment insurance to workers who lost their jobs
2. Pension to retired workers over 65
3. Payments to peoples with diabilities, elderly and widowed According to Guthrie, how did the Dust Bowl affect life in the U.S.?
Why might this kind of music be popular? Created jobs
Allowed for income while students were still in school
Sense of self worth
Spending more money then making
Better health through water and sanitation
Too much government involvement?
FDIC
SEC
SSA
Full transcript