04/19/2304/19/23

GREAT GREAT DEPRESSIONDEPRESSION

Impact on AmericansImpact on Americans

SOL 5DSOL 5D

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1920’s Good Times Last Forever??1920’s Good Times Last Forever??

The optimism of the 1920’s concealed The optimism of the 1920’s concealed (hid) problems in the American economic (hid) problems in the American economic system and attitudes about the role of system and attitudes about the role of government in controlling the economy.government in controlling the economy.

The Great Depression had a widespread The Great Depression had a widespread and severe impact on American life.and severe impact on American life.

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Causes of the Great DepressionCauses of the Great Depression

1.1. People People overspeculatedoverspeculated (gambled) on (gambled) on stocks, using stocks, using borrowed money borrowed money that they could that they could not repay when not repay when stock prices stock prices crashed.crashed.

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Causes of the Great DepressionCauses of the Great Depression

2. 2. Federal Federal Reserve Reserve (nations bank) (nations bank) failed to prevent failed to prevent the collapse of the collapse of the banking the banking system.system.

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Causes of the Great DepressionCauses of the Great Depression

3.3. High tariffs (taxes on imported goods) High tariffs (taxes on imported goods)

discouraged international trade.discouraged international trade.

HowHow?? These tariffs made American made These tariffs made American made

products more expensive. Countries products more expensive. Countries would not import, or take in, American would not import, or take in, American made products. Factories overproduced made products. Factories overproduced manufactured goods and no one would manufactured goods and no one would buy them. buy them.

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Causes of the Great DepressionCauses of the Great Depression

4. Companies laid off workers due to 4. Companies laid off workers due to overproduction.overproduction.

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Impact on AmericansImpact on Americans

A large number A large number of banks and of banks and businesses failed businesses failed

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Impact on AmericansImpact on Americans

One-fourth One-fourth of workers of workers were without were without jobs. jobs.

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Impact on AmericansImpact on Americans

Large numbers Large numbers of people were of people were hungry and hungry and homeless.homeless.

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Impact on AmericansImpact on Americans

Farmers’ Farmers’ incomes fell to incomes fell to low levels. low levels.

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Franklin Roosevelt to the Rescue!Franklin Roosevelt to the Rescue!

Franklin Roosevelt’s New Deal used Franklin Roosevelt’s New Deal used government programs to help the nation government programs to help the nation recover from the Depression.recover from the Depression.

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Major Features of the New DealMajor Features of the New Deal

1.1. Social SecuritySocial Security

2.2. Federal work programs (CCC, PWA)Federal work programs (CCC, PWA)

3.3. Environmental improvement programs Environmental improvement programs (TVA)(TVA)

4.4. Farm assistance programs (AAA)Farm assistance programs (AAA)

5.5. Increased rights for labor (NRA)Increased rights for labor (NRA)

Social SecuritySocial Security

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Social SecuritySocial Security

Tax on workers and employers.Tax on workers and employers. Provided monthly pensions to retired Provided monthly pensions to retired

peoplepeople.. Federal government took Federal government took

responsibility for the welfare of all responsibility for the welfare of all citizenscitizens..

Launched the American welfare Launched the American welfare system.system.

Federal Work ProgramsFederal Work Programs

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Civilian Conservation Corps (CCC)Civilian Conservation Corps (CCC)

Provided jobs for young men to plant Provided jobs for young men to plant trees and build bridges.trees and build bridges.

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Public Works Administration (PWA)Public Works Administration (PWA)

Built ports, schools, and aircraft Built ports, schools, and aircraft carriers.carriers.

Environmental Environmental Improvement ProgramsImprovement Programs

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Tennessee Valley Authority (TVA)Tennessee Valley Authority (TVA)

Built dams to provide cheap electric power Built dams to provide cheap electric power to seven Southern states; set up schools to seven Southern states; set up schools and health centers.and health centers.

Farm Assistance Farm Assistance ProgramsPrograms

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Agricultural Adjustment Agricultural Adjustment Administration (AAA)Administration (AAA)

Paid farmers not to grow certain Paid farmers not to grow certain crops.crops.

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National Recovery ActNational Recovery Act

Helped set standards for production, Helped set standards for production, prices, and wages.prices, and wages.

Increased Rights for Increased Rights for LaborLabor

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Great Depression AssignmentGreat Depression Assignment

Use your textbook.Use your textbook. Read pgs. 342-343 about the Read pgs. 342-343 about the

Roosevelt’s New Deal.Roosevelt’s New Deal. Document Based Questions #1-4. You Document Based Questions #1-4. You

must write the question and then your must write the question and then your answer using complete sentences.answer using complete sentences.

Due tomorrow…Due tomorrow…no late work acceptedno late work accepted!!!!