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The Great Depression
Transcript of The Great Depression
The Dust Bowl
Reactions to the Depression
Reactions to the New Deal
Impact of the New Deal
FDR and the Supreme Court
Restricted international trade
high tariffs passed by the US and other countries
Stock Market Speculation
value of stocks increased 40% from 1928-1929
buying on margin
farmers in debt-can't pay back loans
German reparations-European payments on US loans-risky loans to Europeans
1929-stock market crashes
poor farming practices in the Great Plains
prolonged drought in the region
= The Dust Bowl
500,000 farmers were left homeless
some industrial cities reached as high as 80%
change in opinions about self-reliance
Deportation and repatriation of people of European and Mexican heritage and others
Encouraged "rugged individualism"
Hawley Smoot Tariff
Finally responds in 1932
Reconstruction Finance Corporation
increased federal spending
Relief for Banks
Relief for Home and Farm owners
Federal Housing Administration
Relief for Unemployed
Federal Emergency Relief Act
Civilian Conservation Corps
Public Works Administration
Works Progress Administration
Agricultural Adjustment Act
National Recovery Administration
Federal Deposit Insurance Corporation (FDIC)
Tennessee Valley Authority
Securities and Exchange Commission (SEC)
National Labor Relations Act
Social Security Act
Doing too much
Not doing enough
Ruled some New Deal Programs were unconstitutional
Schechter Poultry v. US
Roosevelt's Court Packing Scheme
Many New Deal programs are still in effect today:
Expands the role of the federal government in American life.
What ended the Great Depression?
How this era might be assessed?