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GreatDepression Grade 8

The Great Depression was a severe global economic downturn that began in 1929 and lasted until the late 1930s, marked by the stock market crash and widespread unemployment. President Hoover's initial response was inadequate, leading to increased suffering among the population, while Franklin D. Roosevelt's later actions provided hope for recovery. The depression had significant political impacts, contributing to the rise of authoritarian regimes in several countries due to economic instability.

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13 views34 pages

GreatDepression Grade 8

The Great Depression was a severe global economic downturn that began in 1929 and lasted until the late 1930s, marked by the stock market crash and widespread unemployment. President Hoover's initial response was inadequate, leading to increased suffering among the population, while Franklin D. Roosevelt's later actions provided hope for recovery. The depression had significant political impacts, contributing to the rise of authoritarian regimes in several countries due to economic instability.

Uploaded by

aryavmudgal2010
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPT, PDF, TXT or read online on Scribd
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https://www.youtube.com/watch?

v
=kpT0BCCJguk
What was the Great Depression ?
1930s
• The Great Depression was a severe worldwide economic depression in during the
decade before World War II.

• In most countries, including the U.S. it started in about 1929 and lasted until the late
1930s or early 1940s.

• It was the longest, most widespread, and deepest depression of the 20th century.

• The Story of Us “Bust”


The Stock Market Crashed,
• 1929
The Great Crash of Wall Street, 1929
• In September 1929 stock prices began to fall rapidly
• Investors started to sell shares—which led to more decline
in the market
• October 29=”Black Tuesday”—the bottom fell out of the
market. Over 6 million shares were sold and entire
fortunes were lost.

Note: The Crash did not cause the Depression!


1929-1939
• Stock market
crash
• Didn’t realize
the effect it
would have
• No money to
replenish what Many found being broke
humiliating.
was borrowed
Why was this bad?
• Credit system
– People didn’t really have
the money they were
spending
• WWI
– The U.S. was a major
credit loaner to other
nations in need
– Many of these nations
could not pay U.S back
The New York Stock Exchange

Black Friday, October 24, 1929


Uneven
Agriculture
Agriculture Distribution of
Overproduction
Overproduction Wealth
Buying on
Rich got richer
Great Dust bowl Credit

Borrowing Money

Causes of
Banks Collapse
Banks Collapse Depression
Stock
“Runs” on banks Speculation

•Buying on Margin
•Black Tuesday
Write t
his dow
n!!!
• Herbert Hoover was
president at the start
• Philosophy: We’ll
make it!
• What He Did: Nothing
• The poor were looking
for help and no ideas
on how to correct or
help were coming
Uneven
Agriculture
Agriculture Distribution of
Overproduction
Overproduction Wealth
Buying on
Rich got richer
Great Dust bowl Credit

Borrowing Money

Causes of
Banks Collapse
Banks Collapse Depression
Stock
“Runs” on banks Speculation

•Buying on Margin
Tariffs •Black Tuesday
Write t
his dow
n!!!
Hawley-Smoot Tariff
Christmas Day
Breadlines in
New York City,
1931
Police stand guard outside the entrance to New York's closed
World Exchange Bank, March 20, 1931
Unemployed men vying for jobs at the American Legion
Employment Bureau in Los Angeles during the Great
Depression.
Unemployed workers in front of a shack with Christmas tree,
East 12th Street, New York City. December 1937
Hard Times

Unemployment

· By the early 1930’s,


approximately 25% of the
nation was unemployed.

Man in hobo jungle killing


turtle to make soup,
Minneapolis, Minnesota.
Sept. 1939.
Families
in Crisis

· Marriage
and birth
rates
dropped.

· Fathers
and some
children
left home
to find
work.
Evicted family with
belongings on street,
December 14, 1929.
Homelessness

· Homeless families
build shacks out of
wooden crates and scrap
metal.

· These shacks were


known as Hoovervilles.

Seattle, Washington
Central Park,
New York City
“Hooverville,"
New York City,
December 8
1930

[Sign on shack
reads:
"House of
Unemployed"]
Hoover Takes Action • At first,
President
Hoover was
against
offering
direct
government
relief.

• Instead, he
asked private
charities,
such as the
YMCA, to
help.
Many waited in unemployment
lines hoping for a job.
People in cities would wait in line for
bread to bring to their family.
Some families were forced to relocate
because they had no money.
“Hoovervil
le”
• Some families were
forced to live in
shanty towns
– A grouping of shacks
and tents in vacant
lots
• They were referred to
as “Hooverville”
because of President
Hoover’s lack of help
during the depression.
Some families tried to make money by
selling useful crafts like baskets.
*FDR*
• People everywhere
were effected by the
depression

• It wasn’t till
President Roosevelt
took over and tried
to put the economy
back together that
people even saw a
glimmer of hope
POLITICAL
•
IMPACT
United States - the Republican Party was
the dominant force from the Civil War to the
Great Depression. In 1932, Americans
elected Democrat Franklin D. Roosevelt
• The great Depression affected not only
America but most of Europe as well. This
was because the other countries had taken
loans form USA during the time of the war,
and since the Wall Street Crash happened,
all of the money was asked to be paid at
once. Due to this some countries became
communists or dictatorships. These
countries only had one party for the voting
•
DICTATORS
Germany – Adolf Hitler or the Der Fuhrer was
the leader of the Nazi party. His main aims was
to unite all Germans, make Germany bigger,
destroy communism and get rid of racial
minorities
• China – Chiang Kaishek or Generalissimo was
part of the Guomindang party. He wanted to
unite all the Chinese, make China bigger,
modernize China and destroy communism
• Italy – Benito Mussolini or II Duce was part of
the Fascist party. He wanted to untie all
Italians, make Italy bigger, destroy communism
and strengthen Italy’s economy
• Soviet Union – Joseph Stalin or the Man of Steel
was part of the Communist party in Soviet
Union. He wanted to strengthen Soviet Union’s
economy, strengthen communism is the USSR
and strengthen USSR’s forces

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