Causes of the Great Depression Overproduction and under consumption of goods. Farm Debt / Credit...

Causes of the Great Depression

• Overproduction and under consumption of goods.

• Farm Debt / Credit Problems

• Uneven distribution of wealth

Effects of the Great Depression

Stock Market Crash – Panic of 1929

Factories Close - 1931 Ford lays off 75,000

Unemployment Rises - 1932 13 million without jobs (25%)

Effects of the Great Depression

5,500 banks close and 9 million accounts vanish

Gross Domestic Product = 103 billion in 1929 GDP = 56 billion in 1933

Hoover’s Philosophy1929-1932

“The spread of government destroys initiative and thus

destroys character. Character is made in the community as well as in the individual by

assuming responsibilities and not escaping them.”

Hoover’s Aid Policies

Reconstruction Finance Corporation

Agricultural Marketing Act

Hoover’s Unpopularity

Hoovervilles

Bonus Army

1933: A New President A New Deal

The New DealGoals

Fix the Banks

March 6, 1933 close banks to inspect the financial health of all banks.

Establish the FDIC = Insure bank accounts up to 5,000

Reopen banks on March 16 and deposits exceeded withdrawals

The New Deal Goals

Provide Relief

Federal Emergency Relief Administration (FERA) -Give money to local relief agencies.

New Deal Goals

Create Jobs “Public Works Programs”

Provide JobsCivil Works Administration (CWA) = roads, parks, and airports

Civilian Conservation Corps (CCC) = forest, beach, and park maintenance/restoration

Public Works Administration (PWA) = dams and bridges

Tennessee Valley Authority = cheap electric power and flood control of the Tennessee Valley

Stimulate Economic Recovery

National Recovery Administration (NRA) = regulate wages, working conditions, production, prices, minimum wage and collective bargaining.

Security and Exchange Commission (SEC) = regulate the stock market

Agricultural Adjustment Act (AAA) = raise crop prices through lowered production.

The Second New Deal1935

Works Progress Administration (WPA) = provided 8.5 million jobs

Social Security Act (SSA) = pensions for workers, unemployment insurance, aid to dependent mothers and children, to the blind, and physically disabled

New Deal Criticisms

Many acts deemed unconstitutional (too socialist)

Did not end discrimination to any minorities

Did not end the Great Depression

Causes of the Great Depression Overproduction and under consumption of goods. Farm Debt / Credit...

Documents

Great Depression USH-6.3. I. Underlying Problems A.Declining demand and overproduction were the main causes B.1920s seemed good w/high employment 1.Production

Main Causes of the Great Depression in the U.S. o Overproduction of business and farm goods in the United States. o Uneven distribution of wealth in the

Events and causes of The Great Depression. A. Causes of the Depression 1. Overproduction, too much stuff (Factories and Farms) a. Factories close or workers

The Great Depression · causes and consequences of the Great Depression. a. Describe the causes, including overproduction, underconsumption, and stock market speculation that led

To Kill a Mockingbird The Great Depression. Causes of the Great Depression High tariffs and ______ debts Unequal distribution of wealth Overproduction

The Great Depression 1929-1940. 1920s-1933 Causes of the Depression mass consumption and over-production uneven distribution of wealth international

Notes Chapters 31 & 32 April 8-12, 2013. Causes of the Great Depression Industry producing more than they were selling (overproduction) – Leads to reduced

Causes of the Great Depression Unequal Distribution of Wealth, High Tariffs Overproduction in Industry and Agriculture, Farm Crisis, War Debts, Stock Market

Great Depression Brother can you spare a dime?. I. OBJ #1- Cause & Spark of the Depression A. Causes of the Depression 1. Overproduction, too much stuff

Chapter 12 Notes The Great Depression - Claybaugh History · 1929-1941- Economic hard times Overproduction of goods, bank failures, and a stock market crash caused the Great Depression

Unit Twelve U.S. History. Causes of the Great Depression Tariff tension Uneven distribution of wealth/income Failure to understand international

1928 - 1932. Standards SSUSH17 The student will analyze the causes and consequences of the Great Depression. a. Describe the causes, including overproduction,

NEW DEAL FDR’S. Causes of Great Depression that had to be fixed Foreign GLOBAL problems –Europe bankrupted by Dawes Plan, etc –Tariffs Wars Overproduction/Overspeculation

The Great Depression and the New Deal. The Great Depression: Economic Weakness Low Wages Overproduction Oligopoly Weak Industries Over-Extended Banks

The economic boom-and-bust in America in the 1920s and 1930s. 5-4.2 Summarize the causes of the Great Depression, including overproduction and declining

U.S. Economy. Problems with the U.S. Economy 1.Uneven distribution of wealth 2.Overproduction by business & agriculture 3.Americans were buying less

{ THE GREAT DEPRESSION & FDR’S NEW DEAL. Causes of the Great Depression Agricultural Decline Overproduction lower prices inability to repay loans

New Deal The Great Depression & - Orange County Public …teacherpress.ocps.net/.../2016/03/The-Great-Depression-New-Deal.pdf · Causes of the Great Depression Overproduction/Underconsumption

Great Depression Brother can you spare a dime?. OBJ #1 - Discuss the CAUSES and SPARK of the Great Depression*. How did Overproduction affect both farmers

The Great Depression Begins - Breathitt County Schools · The Great Depression Begins 1929–1932 October 29, ... • Overproduction and low demand leads to employee layoffs ... Lower