The Depression in the U.S. and the Road to War (1929-1939)

What’s goin’ on?! Stock Market Crash and Depression Massive government programs in the NEW DEAL Dust Storms in the Plains states and Migration West The U.S. moves closer to War in Europe and in the Pacific

Stock Market Crash and Depression

Causes of the Stock Market Crash 1. Buying on Margin- Put up 10% of your money to invest and get the rest on loan to buy stocks. 2. Overspeculation- too many people buying stocks thus inflating the value 3. Unregulated stock market- Were companies being truthful? 4. Federal Reserve raised interest rates which slowed demand.

                                             

                                             

Great Depression Breadline                                               Great Depression Breadline

What is a Hooverville?

                                             

                                             

                                                             

                                   

                                            

                                               

                                          

                                             

Causes of the Great Depression Many independent banks failed Interest rates were raised before the crash and were raised again after the crash by the Federal Reserve. The Stock Market Crash Overproduction of goods (Too much inventory) The gap between the rich and the poor was too great. Hawley Smoot Tariff- we stopped buying other country’s goods and they stopped buying ours. There are still more explanations….

The New Deal Relief, Reform, and Recovery

Franklin Delano Roosevelt (1933-1945) Elected to 4 terms                  

Civilian Conservation Corp

Tennessee Valley Authority

Public Works Administration

Notable New Deal Measures Social Security Act- today limited benefits at 62, full benefits at 67 , and full benefits + at 70. FDIC- Your bank deposits are insured up to $250,000 by the federal government.

Dust Storms in the Plains

War on the Horizon Hitler Takes power in Germany in January of 1933

Mussolini takes Ethiopia in 1936

Japan invades Manchuria in 1931                                                                                                 Japan invades Manchuria in 1931                                                              The Rape of Nanking occurs in 1937. Japan starts to create a Pacific empire.

German imperialism Hitler rushes to create a huge German State 1938-39 - Takes Austria and Czechoslovakia. Sept. 1939- Germany invades Poland. This begins the war in Europe. The U.S. remains neutral.

The U.S. would remain Neutral for two more years until the Japanese bombed Pearl Harbor. A few days after, Germany would declare war on the U.S.