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The Great Depression and The New Deal

The Great Depression and The New Deal. THE ROARING 20’s COME TO AN END . During the 1920s, people thought that the boom , or good economic times, would last forever. Many Americans had borrowed money to buy consumer goods and were investing in the stock market.

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The Great Depression and The New Deal

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  1. The Great Depression and The New Deal

  2. THE ROARING 20’s COME TO AN END... • During the 1920s, people thought that the boom, or good economic times, would last forever. • Many Americans had borrowed money to buy consumer goods and were investing in the stock market. • In October 1929, the stock market crashed! • The total value of all the stocks in the stock market fell quickly!

  3. THE STOCK MARKET CRASH! • Panicked stockholders began selling their stocks for whatever price they could get! • Thousands of people and businesses lost money.

  4. HARD TIMES FOR AMERICANS • People lost confidence in the American economy. • Store owners ordered fewer goods from factories because people were not buying as many consumer goods. • Fewer orders caused factory owners to fire workers. • Unemployment, the number of people looking for jobs, went up. • Many companies were forced to go out of business.

  5. THE GREAT DEPRESSION • This period of unemployment and hardship was called the Great Depression. • The Great Depression lasted through the 1930s. Soup Kitchens

  6. WHAT CAUSED THE WORST RECESSION IN HISTORY? • Many people, especially farmers, were in debt. • People could no longer buy all the things they were years earlier. • Thousands of banks were going out of business. • People lost all their savings and banks could no longer loan money.

  7. FARMERS GET HIT HARD • The homeless built shanties, or shacks, out of cardboard boxes- shantytowns sprang up all over the U.S. • Life was hard on tenant farmers and sharecroppers in the South. Many could not pay the rent and left. • To make matters worse, a severe drought set into the Great Plains that made growing crops impossible. Dust storms ruined crops and homes • Many families were forced to leave this area that was called the “Dust Bowl”

  8. The Dust Bowl

  9. THE ELECTION OF 1932 • Herbert Hoover faced a lot of criticism as president during the Great Depression • In 1932, Franklin Delano Roosevelt was elected president • He believed that the federal gov’t should take action to end the Great Depression • He gave people hope that better times lie ahead

  10. TheNew Deal • Immediately after becoming president, Roosevelt started a variety of government programs that became known as the New Deal • Programs ranged from giving food and shelter to those in need to getting people back to work • The First Lady, Eleanor Roosevelt, worked hard to get people involved in the programs of the New Deal • She traveled all over experiencing the hardships of the Great Depression and started programs to help people

  11. BRAINPOP BREAK!

  12. HERE’S THE DEAL WITH THE NEW DEAL’S PROGRAMS • CCC- Civilian Conservation Corps; created jobs and conserved the natural environment by planting trees, clearing trails, etc. • TVA- Tennessee Valley Authority; built dams on the Tennessee River to create hydroelectricity for rural areas • WPA- Works Progress Administration; hired people to build streets, parks, libraries, and schools • Example WPA Posters

  13. WHAT’S STILL AROUND TODAY? • Most of the organizations created by the New Deal are still around • Social Security Act is still in effect which provides money to people over the age of 65 and those who have disabilities and cannot work • FDA Regulations in banks • Minimum Wage

  14. Did It Help? • The economy definitely improved during Roosevelt’s Presidency, but by 1939, millions were still out of work • The New Deal succeeded in giving Americans hope • Ever since Roosevelt’s presidency, the federal gov’t has played a larger role in the economy

  15. There were a lot of troubles throughout the 1930’s, but several famous people helped Americans make it through the hard times. The Silver Lining of the 1930’s

  16. Margaret Mitchell • Margaret Mitchell was a famous author who wrote the bestseller Gone with the Wind • She won a Pulitzer prize for her book and it swiftly became one of the most popular books of all time— selling 30 million copies!

  17. Duke Ellington • Duke Ellington was a Famous Jazz musician of the 1930’s. • His career in music spanned more than 50 years!

  18. Jesse Owens • Jesse Owens was a famous Olympic track and field Athlete. • In the 1936 summer Olympics in Berlin, Germany he earned 4 gold medals—one for the100 meters race, the 200 meters, the long jump, and the relay.

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