THE GREAT DEPRESSION Stock market crash (1929).

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Presentation transcript:

THE GREAT DEPRESSION Stock market crash (1929)

BLUE CHIP STOCKS

THE GREAT DEPRESSION Structurally flawed economy – profit inflation Extent of the depression Business failures Unemployment Bank failures The Depression in human terms

Migrant Family

Pretty Boy Floyd

THE GREAT DEPRESSION Hoover’s Response to the Great Depression Agricultural Marketing Act (1929) Reconstruction Finance Corporation (1932) Opposition to direct relief The Bonus Army

FDR and the New Deal

FDR and the New Deal

FDR and the New Deal

FDR and the New Deal The Hundred Days Reform of the banking system and the stock market Glass-Steagall Act The Federal Securities Act

FDR and the New Deal The Hundred Days Reform of agriculture and industry Agricultural Adjustment Act (AAA) US v. Butler (1936) National Recovery Act (NRA) Schechter Poultry Corp. v. US (1935)

FDR and the New Deal The Hundred Days Relief Federal Emergency Relief Administration (FERA) Harry Hopkins Civilian Conservation Corps (CCC)

FDR and the New Deal Attacks on the New Deal from the Right and the Left Dr. Francis Townsend Father Charles Coughlin Huey Long

FDR and the New Deal The Second New Deal Social Security (1935) Works Progress Administration (1935) Wagner Act (1935) Sit-down strike against GM, 1937 WPA – Flood control, AR, 1939

FDR and the New Deal The End of the New Deal Problems by 1937 Economic Recession Court-Packing Scheme Emergence of Conservative Opposition in Congress Shift from Regulation to Fiscal Management (Keynesian economics)