Causes of the Great Depression - the 1920s
Over-speculation - _________ prices are too
high. Companies are not as financially strong
as the public believes.
Over-production – farmers
and factories are producing
_______ than consumers
need causing crop and
product prices go
________. Now farmers
and factories cannot make
a _________. As a result –
they begin to _______
staff.
Black ______________ (Oct ____, 1929.
The day the stock market began to
“__________” – it wouldn’t recover for
over a decade. Millions of Americans,
most of whom should never have been
investing in the market _______ 40 billion
dollars by the end of 1929.
More and more
Americans begin to
go into debt during
the 1920s – the first
decade where you
can buy something
on __________.
When the depression
hit, most Americans
could not make their
payments to anyone
they owed money to
- _________ and
other lenders.
_______ Failures – with Americans not
able to pay their loans, banks began to
fail. With their __________ not
insured, Americans lost $140 Billion
by 1933. Bank ______ - people
literally ran to the bank to withdrawal
their money.
Herbert
__________
- was he to
blame??
Impact of the depression ____________________ as high
as 30% by 1933. Without being
able to pay their mortgages,
homes were _______________
and millions of Americans were
evicted from their residences.
Homeless Americans built
shantytowns called
____________________
We have nothing to fear, but ______ itself.
Using the radio he gave “__________ chats” to
Americans every Saturday.
The New Deal – Franklin D. Roosevelt’s (FDR) plan to end the great depression 1933 - 1939
Relief Programs – the federal
________________ hired
millions of Americans. The
________ Progress or (Public
Works) Administration hired
over 8 million Americans. The
WPA (or PWA) put Americans
to work building _________,
irrigation systems , bridges,
etc. The Federal Emergency
Relief Agency gave the
_______________ $10 a week.
The Civilian Conservation
Corps put millions of ______
Americans to work restoring
parks and beaches.
Recovery Programs – aimed to helped
farmers and factories (NRA & AAA) –
by increasing ________ so they could
be profitable once more. Farmers
were taught not to farm all their
______ and those hit hard by the
______ storms were taught proper
farming techniques (to reduce
erosion). Factories were also
encouraged to __________ production
so that prices could _____________.
Reform Programs – so nothing like this
could ever happen again.
Federal __________ Insurance Corp
(FDIC) – protect Americans bank
___________.
Securities & Exchange Commission
(SEC)– oversees all ________ market
activities.
Social Security – to help the
______________, disabled and the
orphaned.
New Deal programs greatly ________ millions of Americans, but the programs did
____ end the Depression. The depression ended pretty much when _______ began.
HOWEVER, you must know that the New Deal is considered the beginning of the
“____________” state in America. Americans dependence on their ______________
during hard times began during the Great Depression.