1. Great Depression and New Deal

2. Before the Great Depression
Herbert Hoover
Became President in 1929
Stock Market crashed
Many Americans began to get loans from banks in order to buy more stocks
As stock prices went up, investors would resell them to make a large profit

3. Black Tuesday October 29th, 1929 Stock prices fell dramatically.
Banks ran out of money, including people’s savings accounts.
Factories began shutting down.

4. Hoover’s Response
Hoover believed that businesses could fix the Great Depression, and that it would not last very long
Did not want the Federal government to get involved.
relied on state and local governments, churches charities and individuals to provide relief.

5. Oil and Cotton in Texas Oil:
New oil discovery led to an increase in supply in oil, and a decrease in price.
Texas Railroad Commission tried to limit the production
Companies began to sell “Hot oil”
Illegally produced oil
Cotton:
Price of cotton also fell due to high supply.

6. Dust Bowl
During World War I many farmers in Texas planted a great amount of Wheat.
The wheat farming dried the land.
Strong Windstorms would pick up the dirt and formed huge dust storms.
Lung problems
Mostly occurred in West Texas.
1/3 of Farmers in the Panhandle left the area.

7. Life in Texas during the 1930s
More than 200,000 Mexican Americans moved to Mexico during this time.
2 reasons for leaving
Could not find job
Could not prove they were a citizen.
African American unemployment went up 2 times higher than Anglos
Left Texas to try and find work in the cities.

8. Life in Texas during the 1930s
Sharecroppers and Tenant farmers did not seek help
Believed things were not much worse for them.
Businesses and Merchants offered credit and built gardens so people could buy food

9. Franklin D. Roosevelt
Governor of New York
Greatly aided people of New York with unemployment.

10. Presidential Election of 1932
Hoover vs. Roosevelt
Roosevelt promised to make the Government more active in helping end the great depression
Roosevelt won by a lot

11. Presidential Election of 1932
Texas Helps Roosevelt
John Nance Garner (Cactus Jack) ran as his Vice president
Sam Rayburn (Congressman) helped get a law passed to prevent another stock market collapse.

12. Roosevelt Launches the New Deal
New Deal: A series of domestic programs aimed to fix problems brought on by the Great Depression

13. Alphabet Agencies
A government agency formed during the New deal that was known by the first initials of its name.

14. Federal Emergency Relief administration (FERA)
Gave money to state and local agencies to distribute directly to unemployed people.

15. Civilian Conservation Corps (CCC)
Hired young men to work on public projects that would preserve natural resources and improve public life.

16. National Youth Administration (NYA)
Hired young high school and college students to perform office and maintenance jobs.

17. Public Works Administration (PWA)/Works Progress Administration (WPA)
Funded major construction projects that created jobs for the unemployed

18. WPA PWA
These projects built bridges, dams, swimming pools, recreation centers, stadiums, parks and schools.
Built more than 13 schools in Fort Worth alone

19. Agricultural Adjustment Act (AAA)
Tried to reduce the supply of basic crops and farm products including Wheat, Corn, Cotton, Rice, dairy products and pork.

22. EXIT TICKET
Write a summary paragraph describing the Great Depression and its impact