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Warm Up If you had millions of dollars, would you invest in the stock market? Why or why not? If you had just enough to pay your bills and $1000 in savings,

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Presentation on theme: "Warm Up If you had millions of dollars, would you invest in the stock market? Why or why not? If you had just enough to pay your bills and $1000 in savings,"— Presentation transcript:

1 Warm Up If you had millions of dollars, would you invest in the stock market? Why or why not? If you had just enough to pay your bills and $1000 in savings, would you invest in the stock market? Why or why not?

2 Objectives Content: Name the causes and effects of the Great Depression. Language: Predict the main reason the stock market crashed.

3 The Great Depression

4 The Great Depression was the time period from 1929 to 1941 in which the U.S. economy was in severe decline and millions of Americans were unemployed.

5 There were signs leading to the depression. In the 1920s, some industries struggled including agriculture, railroads, textile mills, and mines. http://youtu.be/GCQfMWAikyU But, the optimism of the 1920’s concealed problems in the American economy Surprise?

6 1.Too much: – Credit Everyone wanted to own the new technology of the time even if they couldn’t afford it right away. They used credit to buy items they could not pay for in cash. – Production Businesses kept producing at the same rate, not realizing that less people needed new inventions as time progressed. Causes of the Great Depression

7 2. People over speculated on stocks, using borrowed money that they could not repay when stock prices crashed.

8 On October 23 rd, 1929, prices in the stock market dropped sharply. The next day, people tried to sell thousands of stocks before the values dropped even more. Panic Begins

9 Stock Market Crash of 1929 On October 28 th and 29 th (Black Monday and Black Tuesday), the prices dropped even more The plunge in stock prices was the first event of the Great Depression. http://youtu.be/ccNilnpvbJg

10 Causes Continued 3. High tariffs strangled international trade

11 Causes Continued 4. The Federal Reserve failed to prevent the collapse of the banking industry. Didn’t regulate banks or protect deposits http://youtu.be/lbwjS9iJ2Sw

12 Effects of the Great Depression A large number of banks and businesses failed One-fourth of workers were without jobs

13 Effects Continued Large numbers of people were hungry and homeless Farmers’ incomes fell to low levels http://youtu.be/GCQfMWAikyU Letters to Mrs. Roosevelt

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15 Warm Up Brother Can you Spare a Dime? – http://youtu.be/eih67rlGNhU http://youtu.be/eih67rlGNhU Sirloin Steak (per pound) Chicken (per pound) Bread (1 loaf) Potatoes (per pound) Bananas (per pound) Milk ( a quart) Cheese (per pound) Canned Tomatoes Oranges (I dozen) Cornflakes (small box).29 (cents).22.05.02.07.10.29.09.27.08

16 Objectives Content: Analyze letters to Mrs. Roosevelt to understand the problems faced by people in the Great Depression. Language: Record the New Deal Programs and their purpose.

17 Letters to Mrs. Roosevelt Choose one letter and answer the questions in the chart. Go back and select a different colored letter (please don’t use both pink AND blue - they are about similar topics). Repeat if time allows. Once you have completed your chart, answer the questions on the back of the paper.

18 The New Deal

19 Roosevelt is Elected In the 1932 Presidential election, President Hoover ran against Governor Franklin D. Roosevelt (FDR) FDR easily won with the promise of a new deal that would pull the country out of the Depression “The only thing we have to fear, is fear itself” – FDR’s inaugural address

20 The New Deal Was a 5 part program, designed by Franklin D. Roosevelt to end the Depression.

21 The New Deal FDR sent Congress many new bills to try to end the Depression in a famous session called the Hundred Days

22 Hundred Days The bills passed had 3 major goals known as the 3 Rs: – Relief for the hungry and jobless – Recovery for agriculture and industry – Reforms to change the way the economy worked

23 Major Features of the New Deal Social Security Federal Work Programs Environmental improvement programs Farm assistance programs Increased rights for labor

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25 End of the Depression Though the New Deal programs had many successes, it was ultimately WWII that ended the Great Depression!

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27 Objectives Content: Categorize the impact of the major New Deal Programs (providing jobs, aid, or reform). Language: Explain why the New Deal helped.

28 #1) SSA Social Security Act Set up as a system of pensions for the elderly, unemployed and disabled

29 #2) FDIC Federal Deposit Insurance Corporation All Savings accounts in approved banks were insured and protected by the government **Remember the Federal Reserve FAILED to protect the banks…The FDIC was created So it would never happen again**

30 #3) WPA Works Progress Administration Employed men and women as artists, writers and musicians and also people to build hospitals, schools, parks, and airports

31 #4) SEC Securities and Exchange Commission Laws regulating the sale of stocks and bonds in the Stock Market The SEC prevents corporations from cheating and lying about their stock values and gains and losses


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