The Great Depression

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The Great Depression
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Causes of the Great Depression

• Overproduction of agricultural and industrial
  goods
• Excess Consumerism
• 3. Expansion of Credit
• Financial Speculation/Buying on Margin
• Rising Unemployment
• 6. Agricultural crop failures
• Tariff Barriers/Hawley-Smoot
• Laissez Faire Policy
• Stock Market Crash

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Effects of the Great Depression

• 1. High Unemployment/widespread
  poverty/worldwide
• 2. Business failure/bankruptcy/foreclosure
• 3. Hoovervilles
• Bonus Army
• Democratic Victory in 1932
• Migration
• Excess inventory/decrease in production/decrease
  in price level
• Religious Revivalism

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The Dust Bowl
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Boll Weevil
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Hawley-Smoot Tariff
Representative W.C. Hawley, and Senator Reed
Smoot shake hands in agreement on new tariff bill
Senator Reed Smoot shake hands in agreement on
new tariff bill
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Laissez Faire
The government that governs least, governs
BEST!!!
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Bonus Army
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1932 Election of Franklin Roosevelt
"The only thing we have to fear is fear itself."
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A great national migration began. Displaced
Americans took to the highway with the last
possession they had with them, their automobile.
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New Deal Programs designed to combat the Great
Depression
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1.
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2. Tennessee Valley Authority (TVA)
May 2005 map of TVA sites Key red dam purple
nuclear orange fossil
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President Franklin D. Roosevelt signs the TVA Act
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AAA
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National Recovery Administration (NRA)
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9. Works Progress Administration (WPA)
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10. Social Security Act
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11. Fair Labor Standards Act
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