作者：Keanna Albright 1 天以前
7
Great Depression
The Great Depression was a severe worldwide economic downturn that began in 1929 and lasted for about a decade. It was marked by a drastic decline in spending and investment, leading to widespread unemployment and severe deflation.
開啟
Great Depression Hooverviles were created to give the poor people a place to live African Americans moved to the north in search for new jobs and equality Unemployment reduces the spending in america grealy Overproduction led to having to lower prices Overexetensions allowed people to buy on margin The laizze Faire allowed speculation and manipulation High tariffs created a higher uncertainty People buying too many things created a high demand and production Stock market crashing created a loss of money for everyone Buying on margin created a lapse of money Banks did not have enough money to pay back after crash Herbert Hoover "Bonus army" - 1700 WW1 vets and their families demanding bonus pay for serving Reconstruction finance corporation - lent money to banks and other corporations to restore the economy in the great depression Public works project - to help the US recover after the stock market crash and great depression Rugged individulism - the belief that individuals can succeed on their own Dust Bowl Impacts Economic - Diminished incomes, business losses, bank closures, and increased unemployment Social - Mass migration to the north, sickness from dust, and mental stress. Causes As a result of these two there was wind erosion Poor agriculture practices - with no money people wouldn't farm leaving dry grounds Severe drought - dust in the area New Deal Franklin D. Roosevelt Accused of socialism - The new Deal was something heavily considered socialist Created the New Deal - for the great depression to combat it Attempted Court packing - tried to add more justices to the supreme court initially Controversy Socialism - the new Deal was considered possibly socialist along with Franklin D. Roosevelt Court packing - adding in more justices to the supreme court that are on your side Programs Works progress administration - created jobs and improved infrastructure during the great depression Tennessee Valley Authority - gives electricity and prevents flooding Social Security - ensure elderly people have money after retirement Securities and exchange commision - enforce laws against manipulation of the market National recovery administration - to simulate the economy in the great depression Federal deposit insurance - insures deposits are safe and regulates banks Fair labor standards - establishes minimum wage, overtime pay, youth work, and record keeping Civilian conservation corps - volunteer program for young men to help improve america agricultural adjustment app - increase agricultural prices by refusing surplus
