Great Depression and New Deal Overview
Great Depression Time period from of U.S. economic decline with high unemployment and poverty
Causes Short Term—Stock Market Crash (10/29/1929) Long Term—False Prosperity; economy not doing as well as people thought during the 1920s.
Impact of Depression High unemployment High poverty rates
Dust Bowl & Impacts Dust Bowl—result of a great drought in the plains during the early 30s. Impact—people leave area looking for other opportunities.
New Deal & Goals New Deal—Roosevelt’s program to revive the economy. Goals—Economic recovery, relief for needy, financial reform
Impact on Gov’t New Deal led to massive growth of federal government.