The GreatDePression
i 1e33
1929
crash;
market
Stock
i NewDeal
begins I begins;
Depression
Great
i 1941
r 1939
935.
i1
of i u.s'enters
TheWrzard
i; pi*ia
fasle$waqnerAc;i
Aa Ozbecomes \ /Wll
Secuiity i
i Social
.
i
Accordingto the timeline:
. whicheventon the
timelineresultedin a
migrationof farmers?
to
. whichwasa law Passed
benefit workers?
. which act wasPassed
to
providea "safetYnet"?
i 1938
i 1940
i 1er4
i 1932
i Warof theWorlds
i FDRelected
veterans i Indian
i toUtess
Wages
broadcas!
i
i to thirdterm
Reorg-a-nization
w;hington;
i
i'#;a[-"n
I
HounAct
and
i
passed;
Act
i
i F.D.
Roosevelt
createc i passes
ii SEC
sEC'created
i iiG.ilaiiiti,i*t
t'
I
I
. whichactswerepassed
to providebankingand
investmentreform?
The Great Stock Market Crash
plunges in tlle
The end. of the prosperity of the 1920swas marked by a series of
Stock Market
Great
the
as
in the fall of 1929 known
United States siock **k*
by peospeculation
on
crash- Throughout the 1920s,the stock market had grown
of their stocks'
ple who bougit on margin, and, in fact, owned only a small portion
to cover their
put
to
demands
iut*y couid-not meet margin calIs,
"q t"Io":y
alone, stock
(Black
Tiresday)
29
loans. The result was pani'c selling. on october
and
months,
the
weeks
in
lower
values fell $14 billion. They dropp-ed lower and
89
had
fallen
market
the
years that followed, reaanng bottom in july 7932.8y thm
percerrt from its Septerrrbet 7929high point'
It shattered
The stock market crash triggered the start of the Great Depression'
and confidence of the 1920s.The crash dramatically.
the national senseof opti-iil
exposed the fact that the nalonal economy had serious wealcresses'
Causes of the Great DePression
and
The Great Depressio4 was caused by u^ unsound economy-overproduction
structures-corporate
fragile
and
underconsumltion, overexpansion of credit,
of
combined. with inefflctive govemment action. The growing interdependence.
intemadonal trade andbanking made the effectsevenmore damaging'
190
1917-19N
andDepression,
Unit5: At HomeandAbroad:Prosperity