THE GREAT DEPRESSION US HISTORY II.

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Presentation transcript:

THE GREAT DEPRESSION US HISTORY II

CALM BEFORE THE STORM LIFE IN AMERICA INVESTING PRODUCTION AUTOMOBILE WELFARE CAPITALISM CREDIT GOVERNMENT & PRO BUSINESS – LAISSEZ FAIRE

SIGNS OF TROUBLE WEALTH DISTRIBUTION WORKERS, FARMERS INCOME SAVINGS CREDIT LIMITS NO WORK FOR WORKERS OVER STOCKED WAREHOUSES

CREDIT & STOCK MARKET BUYING ON MARGIN BIGGER LOANS SPECULATION/RISE MARGIN CALLS FEDERAL RESERVE BIG INVESTORS SELL OFF/NO BUYERS BANKERS FEDERAL RESERVE BANK

BLACK TUESDAY TUES. 10/29/1929 STOCK MARKET CRASH BANKING CRISIS GNP FALLS BY 40% WORLD ECONOMY/WWI INDUSTRY CONSUMERS UNEMPLOYMENT HIGH TARIFFS

PRES. HERBERT HOOV ER RUGGED INDIVIDUALISM LAISSEZ FAIRE ASSOCIATIVE STATE RFC (Reconstruction finance Corp., direct help) SMOOT-HAWLEY TARIFF ACT NO AID TO INDIVIDUALS TAX BONUS ARMY

FDR – LANDSIDE VICTORY PUBLIC WORKS PROGRAMS GOVERNMENT’S JOB BANK HOLIDAY EMERGENCY BANKING ACT FIRESIDE CHATS HUNDRED DAYS- NEW DEAL RELIEF REFORM RECOVERY PUSH CONGRESS!

NIRA CCC TVA SEC CWA NEW DEAL

TROUBLE FOR THE NEW DEAL RADICALS – NOT ENOUGH CONSERVATIVES-TOO MUCH HUEY LONG –TOO CLOSE TO BANKS AND BUSINESS COUGHLIN-MORE NEEDED TO CURB POWER OF BUSINESS & BANKS TOWNSEND-NEED MORE FOR ELDERLY

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