19291939

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1929-1939
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1st slide- Background Information
2nd slide- Causes 3rd slide- Human suffering 4t
h slide-Wages 5th slide- Education 6th slide- H
oovers Policies 7th slide- Endings and Effects
8th slide- Work Cited Page
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World wide business slump of the 1930s
Worst long period of high unemployment and low
business activity and modern times
President Hoover held office when the great
depression began The depression affect all most v
ery nation Lasting effects on the U.S. government
s and on many Americans
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Many cause contributed to making the Great
Depression as severe as it was

Farm Depression of the 1920s Prices of farm produ
cts felled about 40 in 1920-1921 and they
remained low through the 1920s
As results some farmers lost so much money they
couldnt pay the mortgage on their farm
They either had to rent the land or move
The Stock Market Crash Stock values dropped rapid
ly on Oct. 24,1929 now known as Black Thursday
The next Monday stock prices fell again
On Tuesday stock holders panicked and sold a
record 16.410,030 shares of stocks
Thousands people lost huge sums of money as stock
values fell far blow the prices paid for
Uneven Distribution of Income
Industrial productions increased about 50 but
the wages of the industrial workers rose far more
slowly As results these workers couldnt buy goo
ds so fast as industry produced them
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Became a reality for millions of Americans as the
depression continued Many died of disease result
ing from malnutrition Thousands lost their homes
because the couldnt pay the mortgage
Thousands of farm families where wiped out
during the Dust Bowl
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The relatively impoverished conditions of
Americans farmers who averaged 40 of urban
laborers income which meant they couldnt afford
to buy consumer products For the mining industry
yearly earnings felled from 1, 700 to 1,481
dollars The top 5 of income earners in America h
eld 33.5 of the nations total wealth
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During the 1920s schools where closed
Teachers salaries were cut Schools programs were
eliminated The financing of school districts wh
ich have been variable in the 1920s was reformed
and made efficient by the Depression
In New York state 97 out of 110 school districts
with populations higher then 5 thousand had no
vocational education
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President Hoover believed that business if left
alone to operate without government supervision
would correct the economic conditions
Congress approved Hoovers most successful
antidepression measure Reconstruction Finance
Corporation This government agency provided some
relief by lending money to banks, railroads, and
other large institution whose failure would have
made depression even worse
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The Great Depression caused many changes in the
U.S.

New Government Policies It increased federal con
trol over banks and stock markets
Gave the government more power to provided money
from the needy Also change the basic philosophy
of the U.S. government in spending money
New Public Attitudes Change the attitudes of man
y Americans towards business and federal
government as well as their basic attitudes
toward life because of the suffering they
experienced
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World Book 2001, Volume 8. Great Depression.
World Book inc. 2001. Chicago, Ill. Encyclopedia
2. Liberators. Lou Potter. Harcourt Brace
Jovanouich. 1992. New York. Book
3. The Depression and Education (1093s).
American Decades CD-Rom. Gale Research, 1998.
Reproduced in Students Resource Canter.
Farmington Hills, mich. Gale. December, 2000.
4. Great Depression Business in the 1930s.
DISCovering U.S. History. Gale Research, 1997.
Reproduced in Student Resource Center. Farmington
Hiils, Mich. Gale Group. December, 2000.
http//tlc2.galenet.galegroup.com/served/SRC/
5. Robert SobelGreat Depression, World Book
online America Edition, http//www.worldbookonline
.com/wbol/wbpage/nolorco/294080, May 9, 2002