The Great Depression Ryan Braunsberg, Jake Heffner, and David Hawley.
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Transcript of The Great Depression Ryan Braunsberg, Jake Heffner, and David Hawley.
![Page 1: The Great Depression Ryan Braunsberg, Jake Heffner, and David Hawley.](https://reader036.fdocuments.in/reader036/viewer/2022062516/56649ddf5503460f94ad82c0/html5/thumbnails/1.jpg)
The Great DepressionRyan Braunsberg, Jake Heffner, and David Hawley
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Thesis
• To educate our fellow classmates about the Great Depression and what it’s impact was on the United States
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The Great Depression Timeline
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What Happened?!• People were spending more money then their
income could handle- Result: big time debts• Extreme spending led to inflation among the
economy, people also bought stocks with money they did not yet have because of the booming market
• Structural weaknesses eventually led to its collapse and massive bank failures
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Why does this matter?
• People spent money they didn’t have on promising stocks because they thought it would pay off in the long run
• When stock market crashed they were out of the money they spent on the stocks and could no longer claim a profit on the stocks due to the businesses not being able to pay them back
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“Black Tuesday”
• October 29, 1929• 16 Million Stocks sold
by Americans who had lost faith in the American economy
• The worst economic disaster in American history
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Desperation at its Finest
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Panic after Depression
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How it affected Americans
• By 1933, 25% of Americans were unemployed (12,830,000 people)
• Those that were still employed saw their wages drop 43% on average, sometimes worse
• This caused living conditions to drop way down due to low income
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Living Conditions
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How did they fix this?
• Groups that helped out:– (AAA)- Agricultural Adjustment Administration (CCC)-
Civilian Conservation Corps (CWA)- Civil Works Administration (FERA)- Federal Emergency Relief Administration (FHA)- Federal Housing Administration (FSA)- Farm Security Administration (HOLC)- Home Owners Loan Corporation (NRA)- National Recovery Administration (NYA)- National Youth Administration (PWA)- Public Works Administration (REA)- Rural Electrification Administration (SSA)- Social Security Administration (TVA)- Tennessee Valley Authority (WPA)- Work Projects (Progress) Administration
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Obstacles of The New Deal
• Supreme Court declared the NRA (National Recovery Administration) unconstitutional
• Roosevelt proposed appointing up to six new supreme court justices
• FDR won a backdoor victory– Eventually named 8 new supreme court justices
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What the New Deal did
• Regulated business and restricted individual freedom
• Relief to the unemployed• Promoting the recovery of the economy
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Works Cited• Davidson, James West, and Michael B. Stoff. America: History of Our
Nation Civil War to Present. Toronto: Pearson Prentice Hall, 2006.• "The Great Depression." Travel and History. 18 May 2009 <http://www.u-
s-history.com/pages/h1569.html>. • "The Great Depression: A Brief Overview." Welcome to Innovative
Teaching Concepts - Providing the educational community a resource for curriculum. 18 May 2009 <http://www.todaysteacher.com
• improved, employment, and industrial production turned up after June 1938.. "Great Depression - Wikipedia, the free encyclopedia." Wikipedia, the free encyclopedia. 18 May 2009 <http://en.wikipedia.org/wiki/The