1. The Great Depression: 1930-1939 Mr. Gouge

2. What is the Great Depression?
A time period in American History when America’s economy almost entirely collapsed, unemployment reached and all time high and many homes were taken from those who couldn’t pay their mortgage
Lasted from
POTUS: Herbert Hoover & Franklin Roosevelt

3. Causes of the Great Depression
Unregulated banking practices such as: Margin Buying (taking out a loan to buy stocks without a guaranteed return) led to the stock market crash of 1929
Overproduction with reduced demand: America’s factories were getting so efficient that we made more items than we could sell
Careless personal spending/saving habits: American’s spent instead of saving causing most to have nothing when times got tough
The 1920’s: Socially, politically and economically, Americans only worried about feeling good right now

4. President Herbert Hoover
POTUS during the start of the Great Depression
Believed the market crash was the worst of the depression and things had to get better
Did almost nothing to stop the depression
Homeless section of cities became known as “Hoovervilles”

5. President Franklin D. Roosevelt
POTUS during most of the Great Depression
Started the “New Deal” programs to start our economy
Kept America together
Although the “ND” did not have long term economic effects, it did strengthen the infrastructure of USA and got average Americans working

6. Governor O. Max Gardner Governor of NC during the Great Depression
Created the “Live At Home” program: All public schools—white and African American, implemented an obligatory Live-at-Home curriculum, where students learned the value of cultivating food, raising livestock, rotating crops, planting vegetable gardens, preserving food for winter, and selling excess.
As a reward for helping NC’s students during the Depression, consolidating the state university system and embracing the needs of the black community, Gardner Webb University in Boiling Springs, NC is named after him.

7. Roosevelt’s New Deal Program
FDR’s plan to boost the economy during the 30’s
Gave unemployed persons a paying job
Jobs included: building roads and public buildings, helping farms, creating utilities, controlling rivers, securing bank deposits
Work = pay, no work = no pay

8. New Deal Programs Created to help rebuild our country
TVA – Tennessee Valley Authority
WPA – Works Progress Administration
CCC – Civilian Conservation Corp
Created to protect your $
FHA – Federal Housing Administration
SEC – Securities and Exchange Commission
SSA – Social Security Administration
FDIC – Federal Deposit Insurance Corporation

9. The Dust Bowl
Overproduction of crops during WWI and the Roaring 20’s along with a severe drought in the early 30’s dried up the Midwestern soil
As storms finally arrived on the plains, the “dead soil” was picked up and spread across America eastward

10. The Effects of the Great Depression on North Carolina
Loss of jobs
Factories & banks closed
Poverty grew
Rise of health problems