Presentation is loading. Please wait.

Presentation is loading. Please wait.

UNIT 12- The Great Depression and the New Deal

Published byAbel Rogers Modified over 5 years ago

Similar presentations

Presentation on theme: "UNIT 12- The Great Depression and the New Deal"— Presentation transcript:

1 UNIT 12- The Great Depression and the New Deal

2 Unequal Distribution of Wealth: Why is this a problem?
1920s- rich got richer ; poor got poorer 70% of nation below $2,500 2007

3 Overproduction- Factories and Farms
Farm goods- surplus, prices drop, can’t get out of debt Manufactured goods- Americans buying less Orders slow; factories lay off workers

4 Consumer debt Consumer goods bought on credit throughout 1920s (living beyond means) growing debt- people cut back on spending LAST 50 YEARS

5 Stock Market speculation
speculation- trying for quick profit; ignoring risks Buying on margin- pay a small percentage of a stock’s price & borrow the rest from a bank

6 Stock Market Crash- Onset of Great Depression
“Black Tuesday”- October 29, 1929 $30 Billion in “wealth” disappears

7 New York Stock Exchange, Black Tuesday:

8 Bank Failures “Bank runs”- people panic- run to get $$ out of banks
Banks had lost $$ in stock market 11,000 banks close- people lose all their savings

9 Business failures/ production falls/ unemployment
90,000 businesses went bankrupt “GDP” (national production) cut in half from 13,000,000 unemployed by 1933 (25%) Those with jobs- pay cuts, fewer hours…

10 “Hardship and Suffering”
Cities: 1000s evicted from homes- live in shantytowns (“Hoovervilles”)

11 “Hardship and Suffering”
Cities…- soup kitchens/ breadlines

12 “Hardship and Suffering”
Rural areas: At least they could eat 1000s of farmers lose land through foreclosure

13 “Hardship and Suffering”
Dust Bowl- Drought hits in early destroys overfarmed land “Okies”- 1000s of farmers pack up and head to CA

14 Life in Depression Unemployment soars- Hunger Homelessness
“hobos” on freight trains…

15 consumer income and spending
A cycle of disaster businsess faliures unemployment consumer income and spending Bank failures Cycle of disaster How are these connected? Banks fail--- Businesses fail- Unemployment up— Consumer spending/ income down--

Download ppt "UNIT 12- The Great Depression and the New Deal"

Similar presentations

The Great Depression Chapter 22 Sec 1&2 Many American industries werent making large profits. –Steel, railroads, cars, construction, coal mining, lumber.

The Great Depression Chapter 22 Sec 1&2 Many American industries werent making large profits. –Steel, railroads, cars, construction, coal mining, lumber.
1928 - 1932 The Great Depression.

The Great Depression.
Analyze the causes and consequences of the Great Depression.

Analyze the causes and consequences of the Great Depression.
The Great Depression. What was the Great Depression? Time of economic crisis characterized by high unemployment during the 1930s, the beginning is marked.

The Great Depression. What was the Great Depression? Time of economic crisis characterized by high unemployment during the 1930s, the beginning is marked.
Chapter 22 Sections 1 & 2. Industry  Key industries barely made a profit (i.e. railroads, textile, steel)  Some lost business to foreign competition.

Chapter 22 Sections 1 & 2. Industry  Key industries barely made a profit (i.e. railroads, textile, steel)  Some lost business to foreign competition.
LONG TERM CAUSES OF THE GREAT DEPRESSION 1929-1941.

LONG TERM CAUSES OF THE GREAT DEPRESSION
Republican candidate Herbert Hoover “A chicken in every pot and a car in every garage” Democrat candidate Alfred E. Smith Outcome: - Hoover wins  Times.

Republican candidate Herbert Hoover “A chicken in every pot and a car in every garage” Democrat candidate Alfred E. Smith Outcome: - Hoover wins  Times.
The Great Depression. Causes of the Great Depression Overspeculation on stocks using borrowed money that could not be repaid when the stock market crashed.

The Great Depression. Causes of the Great Depression Overspeculation on stocks using borrowed money that could not be repaid when the stock market crashed.
Objective: To examine the causes of the Great Depression Do Now: How did an increase in wages help cause an economic boom?

Objective: To examine the causes of the Great Depression Do Now: How did an increase in wages help cause an economic boom?
The Nation’s Sick Economy The Great Depression (The Hoover Years): 1929-1932.

The Nation’s Sick Economy The Great Depression (The Hoover Years):
The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s, but there were severe problems.

The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s, but there were severe problems.
Opening Assignment Would you borrow money to invest in the stock market if it was easily available? What stock would you buy? How might this be very profitable.

Opening Assignment Would you borrow money to invest in the stock market if it was easily available? What stock would you buy? How might this be very profitable.
Causes of the Great Depression The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s,

Causes of the Great Depression The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s,
The Nations Sick Economy Chapter 14 Section 1 Information from the textbook The Americans, 2006.

The Nations Sick Economy Chapter 14 Section 1 Information from the textbook The Americans, 2006.
Causes of the Great Depression ■The 1920s were a decade of consumer spending & the economy looked healthy on the surface: –Income did increase in the 1920s,

Causes of the Great Depression ■The 1920s were a decade of consumer spending & the economy looked healthy on the surface: –Income did increase in the 1920s,
The Great Depression. What was the Great Depression? Time of economic crisis characterized by high unemployment during the 1930s, the beginning is marked.

The Great Depression. What was the Great Depression? Time of economic crisis characterized by high unemployment during the 1930s, the beginning is marked.
Causes of the Great Depression. Possible Causes of the Great Depression Stock Market Crash Over production Unequal distribution of wealth Consumerist.

Causes of the Great Depression. Possible Causes of the Great Depression Stock Market Crash Over production Unequal distribution of wealth Consumerist.
The Great Depression: Causes and Effects 6.3: Explain the causes and consequences of the Great Depression, including the disparities in income and wealth.

The Great Depression: Causes and Effects 6.3: Explain the causes and consequences of the Great Depression, including the disparities in income and wealth.
EQ: How did the Great Depression happen, and how did Americans respond to it? CAUSES AND EFFECTS OF THE GREAT DEPRESSION 1.

EQ: How did the Great Depression happen, and how did Americans respond to it? CAUSES AND EFFECTS OF THE GREAT DEPRESSION 1.
Causes of the Great Depression 1929-1941. Causes of the Depression 1. During WWI, Farmers purchased more land and machinery, but after the war... Farmers.

Causes of the Great Depression Causes of the Depression 1. During WWI, Farmers purchased more land and machinery, but after the war... Farmers.

Similar presentations

Ads by Google