the depression and f.d.r.. the stock market crashed, 1929 worst thing to happen in the u.s. since...
TRANSCRIPT
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CHAPTER 25The Depression and F.D.R.
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The Great Depression
The Stock Market crashed, 1929
Worst thing to happen in the U.S. since the Civil War
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Stock Exchange
buying and selling shares/stock
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Buying on Margin
Paying a little and borrowing the rest
Lay away
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Black Thursday, Oct. 24, 1929
When investors sold shares at prices way less than they had paid for them
Why?
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The Great Depression The economic
crisis of 1929 Many factors
caused the depression
Not just the Stock Market
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Cause and Effect
CAUSES EFFECTS
Farmers income shrank
Industry declined People were
spending less money 75% of families were
already in poverty
Farmers got poorer Fewer goods were
sold Less money to be
made There were tons of
poor and very few rich
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Credit Crisis
Farmers couldn’t pay their debts
Banks lost money If you had money
saved in a bank- it was lost
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Poor and Homeless
25% of all people were out of work
People had to eat in soup kitchens- shelters
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Hoovervilles
Named after President Hoover
Small camps made up of homeless families
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Hoover’s Response
There is nothing the Government can do to help the needy
Have a nice day
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Relief
Aid for those who need it
Food Water Shelter
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Public Works
Creating jobs by rebuilding roads, libraries, schools, and parks
This was the Public Works Administration
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Reconstruction Finance Corporation
Lent money to businesses so they could re-start
Most of the loans were too hard to get
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Bonus Army
The Government promised $1000 to every WWI veteran
They marched on Washington to get it
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They didn’t get their money
So some left Some camped
out and waited The Army made
them leave
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So the Army came
MACARTHUR EISENHOWER
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Chapter 25 Section 2 – Roosevelt’s New Deal
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Roosevelt and The New Deal
Pledged to fix the problem
Roosevelt beat Hoover
Got polio in 1921
Became President in 1932
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Eleanor Roosevelt
Niece of Theodore Roosevelt
The country loved her
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The Brain Trust
Roosevelt’s advisors
Developed relief programs for the nation
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Fear This
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Restoring Confidence
Roosevelt closed all banks for 4 days
The Emergency Banking Relief Act
People deposited their money in banks again
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Fireside Chats
There were more radios than T.V.’s
Roosevelt had regular radio shows
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The Hundred Days
Special session for Congress that approved all 15 of Roosevelt’s proposals
Confidence in the Government was restored
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The New Deal takes Shape
All the new laws passed during the first 100 days
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Jobs and Relief
Work relief programs
Government jobs for needy people
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Civilian Conservation Corps
CCC Jobs that
benefited the Public
Trees, roads, levees, National Parks
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Federal Emergency Relief Admin.
Gave the states money to give to the needy
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Agriculture Adjustment Act
AAA Raise farm
prices Control
production Supply and
Demand
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Subsides
Grants of money
Farmers made 50% more money
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Tennessee Valley Authority
T.V.A. Aimed to
control flooding
Brought electricity to rural areas
Built Hydroelectric Dams
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Tennessee River
Flooded a lot Destroyed crops
and homes Once built, it
stopped the flooding and provided electricity
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Dams Kept the Water Away
Dams created lakes Saved homes and
farms Lets go fishing
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NRA
National Recovery Administration
establish minimum wage
made child labor laws
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Public Works Administration
PWA Built things
that the Public could use
Shipyards, Schools, Hospitals, City Halls
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FDIC Federal Deposit
Insurance Corps Promised to
give your money back if a bank closed
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Securities and Exchange Commission
Regulated the sale of stocks and bonds
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Assessing the New Deal
WAS IT SUCCESSFUL?
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Section 3
Life during the Depression
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How to survive during the Depression
Families all lived together They stopped having kids More kids went to school More teachers were needed
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Women go to Work
Moms made clothes, cooked food for sale
Ran boarding houses, and baby sat
Went to work for less money
.75 Cent an hour
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Francis Perkins
First women ever to serve on a cabinet
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Hattie Caraway
First woman to be elected to the U.S. Senate
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The Dust Bowl
Severe drought dried out the dirt killing crops
The winds came and blew dust in the air
The “Plains” states became the Dust Bowl
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Migrant Farmers
Out of work farmers from the Dust Bowl region
Found work in California
Harvesting fruits and vegetables
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Minority Plight
African Americans Native Americans Hispanic Americans
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African Americans
½ were out of work They went north to
the big cities They quit farming
and went to work in factories
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Indian Reorganization Act
Restored the rights of tribal governments
Gave them money to buy land
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Hispanic Americans
Politicians demanded they be deported
More than 500,000 left the U.S.
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Radical Groups
Quick and extreme change
Communism sounded good
Socialism did too
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Fascists
Dictatorship Government first People second Italy and Germany Mussolini and Hitler
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Spanish Civil War
1936 The government of
Spain was attacked by fascists
Italy and Germany were happy
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Entertainment
LONE RANGER SUPERMAN
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At the Movies
GRAPES OF WRATH GONE WITH THE WIND
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Images of the Times
NATIVE SON LET US NOW PRAISE FAMOUS MEN
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Margaret Bourke-White
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Chapter 25
Section 4 – Effects of the New Deal Cause and Effect
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The Liberty League
Wanted to defend and uphold the Constitution
Conservative views on Big Government
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Charles Coughlin
Anti Roosevelt Addressed families
on the radio
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Francis Townsend
Supported an early form of Social Security
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Pension
Payments to older people
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Huey Long
Wanted to tax the rich
Give every American 2,500 a month
And a house Assassinated in
1935
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Second New Deal
Roosevelt's second set of reforms to fix the Great Depression
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Works Progress Administration
WPA Led by Harry
Hopkins Built and repaired
roads, airports, and bridges
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Social Security Act
Taxed workers Provided a monthly
pension for retired people
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Unemployment Insurance
Payments to people who lost their jobs
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John L. Lewis
Head of the United Mine Workers
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Election of 1936
ROOSEVELT ALFRED LANDON
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Supreme Court size increases
FDR increased the size from 9 to 15
Roosevelt packed the court with his supporters
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The democratic party splits
Those who opposed Roosevelt split off
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Roosevelt Recession
Roosevelt tried to make the party happy
He cut public funds for jobs
It went bad - quick
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End of The New Deal
Roosevelt turned his eyes to Europe and Asia
What was about to Happen?
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The end of Chapter 25