Great Depression & New Deal

Part I. What Caused the Great Depression?Was the Stock Market Crash THE Cause? No.

The Banking Problem

Primary Causes of the Great Depression

1. Not Enough Buyers

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2. Too Much Debt

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3. Over-speculation in Stocks**

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4. Overproduction & Layoffs

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5. Farming Crisis

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6. Bank Failures

7. Government Mistakes

Part 2: The Effects of the Great Depression*

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Part 3: Solutions

Desperate times call for desperate measures…

Election of 1932

The New Deal Federal Emergency Relief Association

Public Works Programs

FDR endorsed deficit spending

Other Programs: FDIC

Wagner Act

Social Security Act

Results of the New Deal