Great Depression By: Cole Chumney, Nate Harris, Jessica McCoy.

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Presentation transcript:

Great Depression By: Cole Chumney, Nate Harris, Jessica McCoy

What was America before the depression America was in an amazing time because, the jazz age began WWI had ended Stocks were high

Background on the Depression The Great Depression started around 1930 and lasted to about the middle Herbert Hoover was the president when the Great Depression occurred. At the peak of the Great Depression, 1 out every 4 were without a job. Between 1930 and 1950 nearly 750,000 farms were lost through bankruptcy.

Reasons for the Depression The causes of the great depression was a matter of manmade and natural disasters. stock market crash bank failures reduction in buying the Smoot- Hawley Tariff drought in the midwest

Why was there a stock market crash? Through the 1920’s there was a big boom in stock prices. From 1920 to 1929 the stock prices quadrupled in value. The demands for goods went down because people felt poor. New investment could not be financed through the sale of stock.

Why did the crash effect America the most? Depositors saw 140 million dollars disappear. Banks tried to collect loans made to stock market investors Depositors rushed to gave their saving from the bank.

WWI and the depression ● The values of many stocks were inflated. ● The roaring 20’s they bought their first car, radio and refrigerator. ● The post war period was one of labor unrest and racial tensions. ● Farmers were struggling due to the work demand.

How did WWI help cause the Depression? The increase in stocks caused for farmers to make no profit on crops meaning, the government had no money coming in from farms land became to expensive The profits in stocks after WWI caused many businesses to close down the stock market to crash families couldn’t afford payments

How did WWI Help the Economy After WWI had ended a period called the roaring 20’s was the economy was at it’s highest due to war bonds given to all families but, to be repaid in full plus interest the stock market profit had a major increase, making Americans rich the debt shrunk by $7,000,000

Why was America most financially impacted after WWI America was a major producer in war machines/guns so, america sold weapons to both the axis and allies they had to have more steel mills for vehicles many countries owed America money for the war machines and arms After the war we were still in debt due to, countries being unable to repay us amount of money put into the vehicles and arms the wage of workers

The New Deal The new deal was made by Franklin Delano Roosevelt to, help the economic crisis led away from “Laissez-faire” capitalism quickly end the Great Depression

How did this help the people/economy The New Deal helped the people by, giving more jobs having a better minimum wage helping farmer get the average cost per bushel of corn,wheat, etc. back The New Deal helped the economy by, “ending” the Great depression lowering the debt opening more government owned businesses

Who is Franklin Delano Roosevelt He was the 32nd president of the United States. He married Eleanor Roosevelt. He was the president through the depth of the Great Depression. He helped Americans regain faith.

How did WWII help the U.S. financially The destruction of industrial powers including Europe and Japan. The GI bill allowed huge numbers of military personnel to buy homes or to go to college. The increase on well educated people made for new technology.

The Dust Bowl It was the name given to the Great plains. The drought was from It dives 60 percent of population from the region. By 1940 more than 2.5 million people had fled from the region.

Work Cited TreasuryDirect KIDS - The History of U.S. Public Debt - World War I ( ) to the Great Depression ( )." TreasuryDirect KIDS - The History of U.S. Public Debt - World War I ( ) to the Great Depression ( ). U.S. Department of Treasury, 1 Apr Web. 6 Nov Hardman, John. "The Great Depression and the New Deal." The Great Depression and the New Deal. Stanford University, 26 July Web. 6 Nov Weinstien, Leanord. "Why WWII Got Us Out Of The Great Depression, and Why Present Government Spending Would Not Do The Same." The Air Vent. 20 Oct Web. 6 Nov Friedel, Frank, and Hugh Sidey. "Franklin D. Roosevelt." The White House. The White House, Web. 6 Nov Staff, History.com. "Dust Bowl." History.com. A&E Television Networks, Web. 6 Nov