THE ROARING TWENTIES United States was the richest country in the world.(resources & population) After the war the U.S.A. became wealthy by mass producing.

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Presentation transcript:

THE ROARING TWENTIES United States was the richest country in the world.(resources & population) After the war the U.S.A. became wealthy by mass producing ______________ like radios and cars. Factory workers were paid well which meant they ___________ on consumer goods.

THE WALL STREET CRASH As the 20’s progressed, more and more people were buying shares of companies “_______ ___________” and these shares rose in price. By 1929 share prices were rising but __________for companies began to ________. In October of 1929 panic selling of shares forced the value of shares to drop drastically.(crashed) The stock market crash brought an end to____________ in the U.S.A..

Other Causes of The Great Depression Demand for goods could not keep up with supply Droughts Wages did not increase Farmers went bankrupt Banks failed Factories closed Increase in unemployment High rate of corporate fraud

THE “GREAT”DEPRESSION By 1931, unemployed people were lining up in breadlines since there was no ____________ insurance. By 1932, 12 million people were unemployed. In 1932, the American people voted for Franklin D. Roosevelt as president on a platform of government intervention to get the USA out of the Depression.

THE “NEW DEAL” Franklin D. Roosevelt’s program of government spending to help the people of the United States against the Depression. He wanted to “____________ ___________” He believed that putting money into people’s pockets was like pouring ___________________ to get it started.

ALPHABET AGENCIES CCC(Civilian Conservation Corps) –Cut fire lanes through forests. –Planted trees –Worked in camps received food and shelter. ($1/day) WPA(Works Progress Adm.) –Built schools, buildings & roads PWA(Public Woks Adm.) –Built dams & bridges TVA(Tennessee Valley Auth.) –Aims were to stop floods, make electricity and create fertile land.

TRADE UNIONS Wagner Act(1935) In 1935 Roosevelt passed a law which gave workers the right to form ____________.

SOCIAL SECURITY Social Security Act (1935) Gave government pensions to those who could not provide for themselves. Unemployment insurance was introduced. Taxed workers to provide money for social security.

LABOUR LAWS FAIR LABOUR STANDARDS ACT (1938) Set out the maximum hours of work and minimum wage laws.

Effect of WWII Job creation for war goods (Lend Lease Act) Increase in American GNP