Optimism- Believing that everything is going to work out well.

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The Great Depression

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Presentation transcript:

Optimism- Believing that everything is going to work out well. Speculating- Making an investment that is risky but might bring big earnings.

The Federal Reserve failed to stop the banking collapse. The Federal Reserve underestimated the problem. They kept lending money and did not help small banks, many of which closed.

A worldwide failure High ______ were imposed to keep people from spending money of foreign products. High tariffs discourage international trade. Tariff- a tax on imported goods.

Impacts of the Great Depression With the crash of the stock market a large number of ___________ and ________ failed. With the crash of the stock market a large number of businesses and banks failed.

Impacts of the Great Depression By 1932 ___% of the nation was unemployed. By 1932 25% of the nation was unemployed. America’s _____ were among the hardest hit. America’s farmer’s were among the hardest hit.

The stock market has crashed and you’ve lost your job The stock market has crashed and you’ve lost your job. What will you not be able to pay for? A large number of people are hungry and homeless.

Dust bowl On top of everything else a draught struck the heartland. Draught- a period of time without rain. Without any rain the ground dried up and wind blew dust everywhere!!!

The New deal “The only thing we have to fear is fear itself” The name of FDR’s sweeping changes. The New Deal- within months new government programs were in designed to get people back to work.

5 major cornerstones of the new deal Social Security- pay a little money every paycheck for your retirement at 65. Farm assistance program- price support for crops and low- interest loans to buy farms.

5 Major cornerstones of the New deal Environmental improvement- new infrastructures and conservation programs change the landscape.

5 Major cornerstones of the New deal Federal work programs- giving people jobs building bridges, dams, roads, etc. Labor Rights- set a national minimum wage, allowed for unions to be formed.

Relief, recovery, reform The three big ideas behind Roosevelt’s New Deal? Offering help Rebuilding America Making sure a depression never happens again.

Up Next World War II !!!