3. Causes of the Great Depression 1.Overproduction of agricultural and industrial goods 2.Excess Consumerism 3. Expansion of Credit 4.Financial Speculation/Buying on Margin 5.Rising Unemployment 6. Agricultural crop failures 7.Tariff Barriers/Hawley-Smoot 8.Laissez Faire Policy 9.Stock Market Crash

4. 1. High Unemployment/widespread poverty/worldwide 2. Business failure/bankruptcy/foreclosure 3. Hoovervilles 4. Bonus Army 5. Democratic Victory in 1932 6. Migration 7. Excess inventory/decrease in production/decrease in price level 8. Religious Revivalism

12. Hawley-Smoot Tariff Representative W.C. Hawley, and Senator Reed Smoot shake hands in agreement on new tariff bill Senator Reed Smoot shake hands in agreement on new tariff bill

13. “The government that governs least, governs BEST!!!”

21. A great national migration began. Displaced Americans took to the highway with the last possession they had with them, their automobile.

27. New Deal Programs designed to combat the Great Depression

30. 1.

32. May 2005 map of TVA sites; Key: red: dam purple: nuclear orange: fossilnuclearfossil 2. Tennessee Valley Authority (TVA)

33. President Franklin D. Roosevelt signs the TVA Act

34. 3. AAA

35. 4.

36. 5. National Recovery Administration (NRA)

37. 6.

38. 7.

40. 8.

41. 9. Works Progress Administration (WPA)

43. 10. Social Security Act

44. 11. Fair Labor Standards’ Act