I Intro
During the Great Depression, 1929-1939, America's entire life had taken a turn onto bumpy, unstable road. The Depression was a time where farming went from a surplus of crops to scarce produce. Jobs went from an abundance of opportunities to very limited job offerings. President Roosevelt did his best to end the Depression, with his New Deals, broker states and safety nets. Being stuck in the middle of it, though, seemed near to impossible for the country to ever recover.
II Causes (The causes of the great depression were over speculation, government policy, and unstable economy.)
A overspeculation
B Govt Policy
C Unstable Econ
1 uneven prosperity-
2 overproduction-
3 worker issues / farm issues
III Effects
A Poverty- state of being very poor, effected many families in the nation drastically
B Society- effected the society by decreasing jobs and increasing poverty
C World-effected the trade exports and imports because less food and merchandise being produced
IV Solutions
A Hoover- Elected president in the midst of the Great Depression, was beat by FDR in 1932
1 Volunteerism
2 Public Works- building roads, buildings, schools, etc all across the nation
3 Hawley Smoot- June 1930, raised average tariff rate o the biggest level in US history, decreased trade
4 RFC-Reconstruction Finance Corporation, makes loans to banks, railroads, and agricultural institutions, fails and economy collapses more so
B Roosevelt-
1 new deal
a alphabet soup
example- SEC-securities and exchange commission, US governmental agency that monitors trading in securities and company takeovers
example- NRA- National Recovery Act, factories kept firing people, so they tried to get businesses to keep their workers and stay in business
example- HOLC- home owners loan corporation, loans to keep their houses during the depression.
example- CCC- civilian conservation core, bunch of young men, had workers planting trees
b Criticism?
2 2nd new deal
a spending more money than had
b sit-down strike
c not enough security for retired people
V Criticicism
B Political Criticism (ex. Came from both the left wing
and right wing)
A Conservatives are traditional people who don't like change and felt the new deal was socialism in disguise
B Liberals (ex: criticized the new deal also. They....)
Ex: wasting money
ex: jobs were not consistent
VI Effectiveness
A Changes in US- broker state, safety net, fair labor standards act
B Unions
C Culture
After roughly ten strenuous years of the Great Depression, America had finally gotten out of it. President Roosevelt's many attempts and ideas to end the depression finally payed off. America was finally functioning back to normal, people were getting jobs again, and entrepreneurs were blooming in the cities. Farmers were producing crops again and there was not as much starvation and poverty around. Plus America had changes that still exist now to keep American's happy, such as safety nets, fair labor standards, and broker state. All in all, America, after many years of hardship that seemed impossible to recover from, America got back and became an even more advanced and awesome country!
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