Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. Great Depression and the New Deal Great Depression Bad economic times from 1929 to World War II. One in four workers unemployed. National gov. became more involved in addressing problems. 3 causes of the Great Depression 1) Overspeculation in stocks, 2) Bank failures, 3) HawleySmoot Tariff Overspeculation Buying stock on margin (credit) at a low price in the hope of selling it later at a profit The stock market crash started the Great Depression What ended the Great Depression? World War II The Federal Reserve America’s central bank-controls the nation’s money supply Protective tariff Tax on imports that is so high Americans cannot afford to buy foreign goods Hawley-Smoot Tariff Highest protective tariff in American history that caused a stranglehold on world trade Herbert Hoover Republican president when the Great Depression began Franklin D. Roosevelt Democrat president started the New Deal. Famous quote, “We have nothing to fear but fear itself.” New Deal FDR’s program to end the Great Depression “Fireside Chats” FDR’s radio talks What were the 3 R’s of the New Deal? Relief, Recovery, Reform WPA – Works Progress Relief measures provided direct payment to people for Administration immediate help. Paid people to work on public works projects: Roads, schools, bridges, parks, dam, libraries AAA – Agricultural Adjustment Recovery programs designed to bring the nation out of the Administration depression over a period of time. Paid farmers not to raise crops and livestock in order to increase farm prices FDIC – Federal Deposit Insurance Reform measures corrected unsound banking and Corporation investment practices. Insures bank deposits Social Security Act Offered safeguards for workers, unemployment insurance, Old-age pensions. Longest lasting New Deal program. What 3 rights did workers gain during 1) Right to form a union, 2) Right to strike, 3) Minimum the New Deal? wage 1