THE ROAD TO RECOVERY

Christina Fisher

Background The 1920s were a time

of luxury and industrial high

Credit became available for the American public

The Stock Market reached an all time high in September of 1929

The Stock Market Crash

The Stock Market crashed on October 29th, 1929, aka Black Tuesday

The country was in panic Stocks sold for nearly nothing In the next three years over 14 million people were unemployed

Causes of the Stock Market Crash

Increase business’ profit by consumerism

No increase in employee’s salary Overproduction of goods Federal Reserve didn’t apply credit

breaks

Theories to Recovery

NEW DEAL PROGRAM

ENTRY IN WORLD WAR II

VS.

President Roosevelt’s New Deal Program

Only provided temporary jobs Focused on employed, by setting

minimum wage & maximum hours Helped with recovery but not enough

Forms of Recovery from Entering WWII

1. Creation of Jobs2. Increased Spending Money3. Restored Trust

The Impact From The New Jobs Created

1.Lowered the unemployment rate to below 10%

2.Women now worked “male” dominated jobs

3.Number of employed women rose 25- 30%

Increased Consumer’s Spending Money

Consumers now had a disposable income This increased spending Businesses were making a profit Stock Market recovered faster

Restoring The Trust Between The Government & It’s People

Everyone in the country shared a goal United through working for the total war

effort Nationalism grew

The Great Depression to The Great Recession

The Great Depression Government

involvement made it a slow recovery

Entering WWII sped up recovery dramatically

The Great Recession The government

enforced a bailout plan

After the plan it still took over a year to recover

Would a entering war have helped recovery from the Great Recession?