The great depression slides
- 1. The Great Depression in USA 1929-1939
- 3. WHAT WAS THE GREAT DEPRESSION? The Great Depression began with the stock market crash of 1929 and lasted until 1939. It was the worst economic turndown in history, the decade was defined by widespread of unemployment and steep decline of industrial output. President Franklin D. Roosevelt responded to the crisis with a series of federal programs known as the “New Deal”.
- 4. The Horror of the Depression People lost their money and quite buying goods. Banks and investors recalled loans from Europe and caused depression to spread worldwide. 40,000,000 workers became unemployed. Children stopped attending schools. Farmers could no longer sell cash crops and lost land for farming. Banks closed after the marked-crash which lost confidence and belief in the US financial system was non existent.
- 5. Causes and Effects of the Depression
- 6. Hardships faced by the kids
- 7. What`s regarded as the horrible periods
- 8. What ended the Great Depression?
- 9. The End to the Great Depression After Roosevelt won the elections he implemented the policies under the “New deal”. The first new deal focused on economy, the banks, and farmers in attempt to strengthen them from their weaknesses. Emergency Bank Act attempted to stabilize the banking system after thousands of failures. Agricultural Adjustment Act and the Emergency Farm Mortgage Act aimed to save farmers farms and crops.
- 10. “ The second New Deal” The second New Deal was aimed at helping to save businesses and industries. The initiatives sought to help poor, unemployed struggling Americans. It implemented Social Security Act. Unemployment rate began to fall under “one million”
- 11. Understanding the US society during 1929- 1939 books
- 12. References Cole, Harold L., and Ohandi, Lee E., New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis. UCLA and Federal Reserve Bank of Minneapolis, February 2003. Friedman, Milton, and Schwartz, Anna J. Great Contraction, 1929-1933. Princeton University Press, 1964. Hamilton, David. “The Causes of the Banking Panic of 1930: Another View.” The Journal of Southern History, 1985.
- 13. References Rosenbloom, Joshua L., and Sundstrom, William A. “The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937.” Journal of Economic History, 1999. Wheeler, Mark. The Economics of the Great Depression. W.E. Upjohn Institute for Employment Research, Western Michigan University, 1998.