Great Depression Notes

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Information about Great Depression Notes

Published on April 7, 2009

Author: mshomakerteach

Source: slideshare.net

THE GREAT DEPRESSION

Recession —a widespread downturn in the economic success of a nation

Depression —economic collapse in a national economic structure

National Structures —Federal, state, or local system of control in economics

= Growth in Stock Market

= Growth in Stock Market Faith in Prosperity

on MARGIN Investors bought stock

Investors bought stock on MARGIN & borrowed huge amounts of MONEY that they couldn’t repay

1929

Stock Prices Crashed

Stock Prices Crashed Investors sold for LOW prices

Stock Prices Crashed Investors sold for LOW prices Banks tried to collect loans...

When they couldn’t... FAILED

Agricultural Recession (1920-21) What Caused the Crash?

Agricultural Recession (1920-21) What Caused the Crash? World War I Ended

DURING WAR Industry Banking Commerce

AFTER WAR Industry Banking Commerce

Agricultural Recession (1920-21) What Caused the Crash? World War I Ended Unbalanced Wealth Distribution

Elected 1928 Herbert Hoover

Elected 1928 Herbert Hoover Formerly Secretary of Commerce

Elected 1928 Herbert Hoover Formerly Secretary of Commerce Ask business to “step up” (Didn’t want government interference)

Elected 1928 Herbert Hoover Formerly Secretary of Commerce Ask business to “step up” (Didn’t want government interference) Government did increase spending

The “Bonus Army”

HOOVER VS. OBAMA

HOOVER Public Works GOVERNMENT SPENDING

OBAMA Public Works GOVERNMENT SPENDING

HOOVER Home Loans GOVERNMENT SPENDING

OBAMA Home Loans GOVERNMENT SPENDING

HOOVER Banking (RFC) GOVERNMENT SPENDING

OBAMA Banking GOVERNMENT SPENDING

HOOVER Hoover TAXES

OBAMA Obama TAXES

HOOVER Hoover DIRECT UNEMPLOYMENT

OBAMA Obama DIRECT UNEMPLOYMENT

CHANGE

New York Governor Roosevelt (FDR)

New York Governor Roosevelt (FDR) Successfully fought poverty

New York Governor Roosevelt (FDR) Successfully fought poverty Successfully fought unemployment

New York Governor Roosevelt (FDR) Successfully fought poverty Successfully fought unemployment REFORM!

FDR HOOVER 16 Mil 23 Mil

DEMOCRATS REPUBLICANS

 

1. Relief for needy

2. Economic Recovery

3. Financial Reform

100 DAYS

First 100 of FDR’s Presidency 100 DAYS

First 100 of FDR’s Presidency 100 DAYS “ The New Deal”

First 100 of FDR’s Presidency 100 DAYS “ The New Deal” Congress passed 15+ pieces

FEDERAL GOVERNMENT Nation’s Finances

Declared “Bank Holiday” FDR & New-found Power

Declared “Bank Holiday” FDR & New-found Power Gave Treasury Department legal authority to close/reopen banks

Declared “Bank Holiday” FDR & New-found Power Held execs accountable Gave Treasury Department legal authority to close/reopen banks

Declared “Bank Holiday” FDR & New-found Power Held execs accountable Established FDIC Gave Treasury Department legal authority to close/reopen banks

Amendment 21

Raised revenue through taxes Amendment 21

Raised revenue through taxes Hurting Society + Legal Booze=$ Amendment 21

Father Charles Coughlin Distrustful of Banking

Dr. Francis Townsend Massive Government Support for the Elderly

Senator Huey LONG “ Share our Wealth”

THE WAGNER ACT

Workers could join Unions

Workers could join Unions Prohibited threatening workers

Workers could join Unions Prohibited threatening workers Prohibited firing Union members

Workers could join Unions Prohibited threatening workers Prohibited firing Union members Set up a board for testimony

Workers could join Unions Prohibited threatening workers Prohibited firing Union members Prohibited interfering with Union organizing Set up a board for testimony

THE FAIR LABOR STANDARDS ACT

40 Hour Week Minimum Wage Safety Rules Union Growth

Union Membership 1934-1937

SIT-DOWN STRIKES

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