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Great Depression Vocabulary

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Presentation on theme: "Great Depression Vocabulary"— Presentation transcript:

1 Great Depression Vocabulary
stock depression unemployed

2 Great Depression Vocabulary
stock depression unemployed a share of ownership in a company

3 Great Depression Vocabulary
stock depression unemployed a share of ownership in a company a time when there are few jobs and people have little money

4 Great Depression Vocabulary
stock depression unemployed a share of ownership in a company a time when there are few jobs and people have little money people who have lost their jobs

5 The Roaring 20’s Businesses grew The new concept of “credit”
People were buying: Automobiles Appliances Clothes Fun times reigned

6 The Great Depression

7 Many found being broke humiliating.
Stock market crash Didn’t realize the effect it would have No money to replenish what was borrowed Many found being broke humiliating.

8 Why was this bad? Credit system World War I
People didn’t really have the money they were spending World War I The U.S. was a major credit loaner to other nations in need Many of these nations could not pay us back

9 The Stock Market People bought stocks on margins Stocks fall
If a stock is $100 you can pay $10 now and the rest later when the stock rose Stocks fall Now the person has less than $100 and no money to pay back

10 With people panicking about their money investors tried to sell their stocks
This leads to a huge decline in stocks Stocks were worthless now People who bought on “margins” now could not pay Investors were average people that were now broke And then….

11 President Hoover Herbert Hoover was president at the start
Philosophy: We’ll make it! What He Did: Nothing The poor were looking for help and he had no ideas on how to correct or help.

12 What about the people? Farmers were already feeling the effects
Prices of crops went down Many farms foreclosed People could not afford luxuries Factories shut down Businesses closed Banks could not pay out money People could not pay their taxes Many families became homeless and had to live in shanties

13 A Farm Foreclosure

14 Some families were forced to relocate because they had no money.

15 Two Families During the Depression

16

17 Many waited in unemployment lines hoping for a job.

18 People in cities would wait in line for bread to bring to their family.

19 Some families tried to make money by selling useful crafts like baskets.

20 “Hooverville” Some families were forced to live in shanty towns
A grouping of shacks and tents in vacant lots They were referred to as “Hooverville” because of President Hoover’s lack of help during the depression.

21 Hooverville

22 How Ohioans were Affected by the Great Depression
Many businesses closed Many people could not repay money that they had borrowed Many lost their jobs, savings, and homes.

23 Out of the Dust: The South and the Dust Bowl

24 A drought in the South lead to dust storms that destroyed crops.
“The Dust Bowl”

25 The South Was Buried Crops turned to dust=No food to be sent out
Homes buried Fields blown away South in state of emergency

26

27 *FDR* Franklin Delano Roosevelt
Became President in 1932 When he was inaugurated unemployment had increased by 7 million. Poor sections had 50% of the population unemployed Instated the “New Deal”

28 People everywhere were effected by the depression
It wasn’t till President Roosevelt took over and tried to put the economy back together that people even saw a glimmer of hope

29 The New Deal ( ) FDR had a plan to help fix the problems with the U.S. economy. He called that plan the New Deal.

30 As Part of the New Deal: 1. The U.S. Government started programs that gave unemployed people jobs. As part of those projects, people built many public buildings and roads. 

31 As Part of the New Deal: 2. Other New Deal programs helped raise the price of farmers’ crops and the animals they sold.

32 As part of the New Deal: 3. During the New Deal, changes were made to make the U.S. banking system more stable so banks would not go out of business without giving people their money back. The Federal Deposit Insurance Corporation (FDIC) was created. The FDIC: insured the money people put into a bank up to $5000 prevented people from losing all their savings if a bank failed 

33 As Part of the New Deal: 4. The New Deal also changed the way businesses operated to help make sure people were paid more fairly.

34 The New Deal & Ohio Civilian Conservation Corps (CCC)
Built roads, hiking trails, and camps in Cuyahoga Valley National Park Constructed buildings at the Toledo Zoo The Works Progress Administration (WPA) Hired workers to build roads, airports, and public buildings Hired artists and painters

35 Today’s Assignment A B C Choice Chart Row 4
Write a diary entry about an event in the lesson. Write the diary entry as if you were the person involved in the event. Compare/Contrast The Great Depression time period to today. Create a Venn Diagram. Be sure to include 3 ways that they are the same and 3 ways that they are different. Create a concept map about World War I. Be sure to include at least 6 facts about the war.


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