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DEPRESSION
Aim: How was the
Great Depression
dealt with in
America?
Do Now: Explain
the expression on
the womans face
in the picture to the
right.
President Hoover
1928
Economic boom of the 1920s
Speculation buying/selling stock for quick
profit
Buying on margin pay for small part of
stock and borrow money to pay for the rest
Prices plummet
Economic depression
Great Depression
Hoover
Hoovervilles
Purpose: recovery
of industry
Created a
partnership of
business, labor,
and government to
attack the
depression with
such measures as
price controls, high
wages, and codes
of fair competition
Purpose: the
recovery of
agriculture
Paid farmers who
agreed to reduce
production of basic
crops
Soil conservation
Purpose: relief
Gave money to
states so they
could distribute
money, clothing,
and food to the
unemployed
Purpose: relief
Gave outdoor
work to
unemployed men
They received
$30 per month,
but $22 went
back to the
family
Wall Street
Social Security
1935
Workers and employers made payment
into a special fund
Dust Bowl
Did help
Restored peoples confidence
Big Government
Bad
Government should not
interfere in business and
in peoples private lives
New Deal led in
increases in the national
debt
Debate