1. The Great Depression and the New Deal

2. The Great Depression A period lasting from 1929 to 1939 in which the U.S. economy was in severe decline and millions of Americans were unemployed. A period lasting from 1929 to 1939 in which the U.S. economy was in severe decline and millions of Americans were unemployed. The Great Depression not only affected Americans, it affected Europe and the rest of the world. The Great Depression not only affected Americans, it affected Europe and the rest of the world.

3. 5 Causes of the Great Depression 1. Credit People were buying consumer goods with money they didn’t have. Once they lost their jobs, there was no way to pay it back People were buying consumer goods with money they didn’t have. Once they lost their jobs, there was no way to pay it back

4. 5 Causes of the Great Depression 2. Overproduction of Goods. Factories grew like crazy, producing goods like crazy…..too many. When they realized this, they had to downsize and lay people off. Factories grew like crazy, producing goods like crazy…..too many. When they realized this, they had to downsize and lay people off. Unemployed people did not have the money to buy goods or repay the bank for loans such as mortgages or cars or other things bought on credit. Therefore, banks lost money that they had loaned on credit. Unemployed people did not have the money to buy goods or repay the bank for loans such as mortgages or cars or other things bought on credit. Therefore, banks lost money that they had loaned on credit.

5. 5 Causes of the Great Depression 3. Overproduction in agriculture oversupply caused the prices of goods to decrease. oversupply caused the prices of goods to decrease.

6. 5 Causes of the Great Depression (continued) 4. Buying on margin Basically buying stock on credit. Pay a percentage of what the stock cost and then paying the rest of the cost once the stock price rose….the problem was, if the stock dropped. Basically buying stock on credit. Pay a percentage of what the stock cost and then paying the rest of the cost once the stock price rose….the problem was, if the stock dropped.

7. 5 Causes of the Great Depression (continued) 5. The stock market crash of 1929. October 24, 1929 (Black Thursday) and October 29, 1929 (Black Tuesday) caused the value of companies, bank investments and people’s investments to plummet.

8. Problems of the Great Depression 1. Unemployment- In 1933, almost 25% of the nations workforce was unemployed

9. Contemporary Unemployment rates Great Depression Unemployment rates Current Unemployment data

10. Problems of the Great Depression 2. Hoovervilles- Areas around a city where the homeless people built shacks to live during the Great Depression.

11. Problems of the Great Depression 3. Breadlines- Soup and Breadlines were common during the Great Depression in big cities

12. Problems of the Great Depression 4. The Dust Bowl- a period of severe dust storms that caused major damage to mid-western land from 1930 to 1936 caused by severe drought and decades of over- farming without crop rotation or soil conservation.

13. The Dust Bowl

14. Problems of the Great Depression 5.The Bonus Army- 20,000 World War I veterans that marched on Washington, D.C. demanding a bonus that was promised to them by the U.S. government. President Hoover called in the army to remove the veterans who had camped near the capital building. This action made many Americans mad at the President.

15. Herbert Hoover President from 1929-1933. Blamed for the Great Depression.

16. Franklin D. Roosevelt FDR was inaugurated in 1933, in his inaugural address he uttered the famous words, “the only thing we have to fear… FDR was inaugurated in 1933, in his inaugural address he uttered the famous words, “the only thing we have to fear… … is fear itself

17. FDR’s Fireside Chats A series of 30 evening radio speeches given by United States President Franklin D. Roosevelt between 1933 and 1944. A series of 30 evening radio speeches given by United States President Franklin D. Roosevelt between 1933 and 1944. A fireside chat

18. The New Deal The name given to the series of laws passed during FDR’s presidency that were intended to deal with the conditions caused by the Great Depression. The main component being putting people back to work. The name given to the series of laws passed during FDR’s presidency that were intended to deal with the conditions caused by the Great Depression. The main component being putting people back to work.

19. Alphabet Soup The nickname given to President Roosevelt’s New Deal programs designed to create jobs to get people back to work.

20. FERA An agency created to give direct relief to jobless workers. Initially, money was given but eventually, this agency created jobs for unskilled workers. An agency created to give direct relief to jobless workers. Initially, money was given but eventually, this agency created jobs for unskilled workers. Federal Emergency Relief Agency

21. CCC The government agency that was run by the U.S. Army and put approximately 2.5 million young men to work purifying water, applying soil conservation techniques, and planting trees. The government agency that was run by the U.S. Army and put approximately 2.5 million young men to work purifying water, applying soil conservation techniques, and planting trees. Civilian Conservation Corps

22. Public Works AdministrationPWA A government agency that put men to work building public facilities like bridges, hospitals, and courthouses. The Blue Ridge Parkway was built by the PWA.

23. AAA This agency provided price supports or guaranteed higher prices for the crops for farmers who cut back on amount of crops that they produced. By doing this, crop prices would go back up. The crops in North Carolina affected by this were cash crops like cotton and tobacco. This agency provided price supports or guaranteed higher prices for the crops for farmers who cut back on amount of crops that they produced. By doing this, crop prices would go back up. The crops in North Carolina affected by this were cash crops like cotton and tobacco. Agricultural Adjustment Act

24. TVA The agency that built dams along the Tennessee River and its tributaries in 7 states including North Carolina that provided hydroelectric power, controlled flooding, improved farming, attracted industry and promoted recreational facilities. The agency that built dams along the Tennessee River and its tributaries in 7 states including North Carolina that provided hydroelectric power, controlled flooding, improved farming, attracted industry and promoted recreational facilities. Tennessee Valley Authority

25. WPA The government agency that put men to work building public facilities like schoolhouses, roads, parks and airports. This agency employed about 40,000 North Carolinians. The government agency that put men to work building public facilities like schoolhouses, roads, parks and airports. This agency employed about 40,000 North Carolinians. Works Progress Administration

26. FDIC The Program that insured depositors’ accounts in banks so that if the banks failed, the depositors would be able to get their money back. The Program that insured depositors’ accounts in banks so that if the banks failed, the depositors would be able to get their money back. Federal Deposit Insurance Corporation

27. SSA The law that provided insurance for those people who could not work, including “old age insurance,” disability insurance, and insurance for widows with children. The law that provided insurance for those people who could not work, including “old age insurance,” disability insurance, and insurance for widows with children. Social Security Act