1. 10/4/2015 GREAT DEPRESSION Impact on Americans SOL 5D

2. 2 1920’s Good Times Last Forever??  The optimism of the 1920’s concealed (hid) problems in the American economic system and attitudes about the role of government in controlling the economy.  The Great Depression had a widespread and severe impact on American life.

3. 3 Causes of the Great Depression 1. People overspeculated (gambled) on stocks, using borrowed money that they could not repay when stock prices crashed.

4. 4 Causes of the Great Depression 2. Federal Reserve (nations bank) failed to prevent the collapse of the banking system.

5. 5 Causes of the Great Depression 3. High tariffs (taxes on imported goods) discouraged international trade. How?  These tariffs made American made products more expensive. Countries would not import, or take in, American made products. Factories overproduced manufactured goods and no one would buy them.

6. 6 Causes of the Great Depression 4. Companies laid off workers due to overproduction.

7. 7 Impact on Americans  A large number of banks and businesses failed

8. 8 Impact on Americans  One-fourth of workers were without jobs.

9. 9 Impact on Americans  Large numbers of people were hungry and homeless.

10. 10 Impact on Americans  Farmers’ incomes fell to low levels.

11. 11 Franklin Roosevelt to the Rescue!  Franklin Roosevelt’s New Deal used government programs to help the nation recover from the Depression.

12. 12 Major Features of the New Deal 1. Social Security 2. Federal work programs (CCC, PWA) 3. Environmental improvement programs (TVA) 4. Farm assistance programs (AAA) 5. Increased rights for labor (NRA)

13. Social Security

14. 14  Tax on workers and employers.  Provided monthly pensions to retired people.  Federal government took responsibility for the welfare of all citizens.  Launched the American welfare system.

15. Federal Work Programs

16. 16 Civilian Conservation Corps (CCC)  Provided jobs for young men to plant trees and build bridges.

17. 17 Public Works Administration (PWA)  Built ports, schools, and aircraft carriers.

18. Environmental Improvement Programs

19. 19 Tennessee Valley Authority (TVA)  Built dams to provide cheap electric power to seven Southern states; set up schools and health centers.

20. Farm Assistance Programs

21. 21 Agricultural Adjustment Administration (AAA)  Paid farmers not to grow certain crops.

22. 22 National Recovery Act  Helped set standards for production, prices, and wages.

23. Increased Rights for Labor

24. 24 Great Depression Assignment  Use your textbook.  Read pgs. 342-343 about the Roosevelt’s New Deal.  Document Based Questions #1-4. You must write the question and then your answer using complete sentences.  Due tomorrow…no late work accepted!!