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THE GREAT DEPRESSION Stock market crash (1929).

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Presentation on theme: "THE GREAT DEPRESSION Stock market crash (1929)."— Presentation transcript:

1 THE GREAT DEPRESSION Stock market crash (1929)

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3 BLUE CHIP STOCKS

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

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7 Migrant Family

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10 Pretty Boy Floyd

11 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

12 FDR and the New Deal

13 FDR and the New Deal

14 FDR and the New Deal

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

16 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)

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

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

19 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

20 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)


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