The Great Depression

Worst Economic Catastrophe in US History

Cause and EffectThe stock market crash in the fall of 1929On just one day, October 29, frantic traders sold off 16,400,000 shares of stock. At year`s end, the government determined that investors in the market had lost some $40 billion.Banks started to fail, leaving citizens with no savings.

Resemblance of the Great Depression in the Present Day

Policies still around from the New Deal

• Bank Reforms• Wagner-Steagall Housing Act• Tennessee Valley Authority • National Labor Board and Wagner Act• Fair Labor Standards Act of 1938

Multiple Choice Question

• President ________ was in office during the Great Depression, but President ________ was the one to create the New Deal.

• A) Franklin Roosevelt; Herbert Hoover• B) Harry Truman; Franklin Roosevelt• C) Calvin Coolidge; Harry Truman• D) Herbert Hoover; Franklin Roosevelt

Correct Answer

• President Herbert Hoover was in office during the Great Depression, but President Franklin Roosevelt was the one to create the New Deal.

• Answer (D)