1. The Great Depression Chapters 22 and 23

2. A Nation in Trouble Many industries struggle after WWI Boom – Lumber, mining, steel Farms Struggle – Price-Supports – a plan where the government will buy any left over crops Struggling Americans live on credit – buy now pay later

3. Stock Market Crash Stock Market – buying and selling shares/pieces of a company Buying on speculation – buying stocks with a hope of a quick profit Buying on margin – buying stocks on borrowed money – HUGE RISK!!!! Black Tuesday – bottom falls out, stocks crash

5. Bank Failure After the stock market crashed people wanted their money – Went to banks to close accounts Banks ran out of money Almost ½ of all banks in the US failed

6. Life During the Depression Unemployment was 25% Shantytowns – small towns of shacks – “Hoovervilles” – after President Hoover Breadlines, Soup Kitchens Dust Bowl – massive drought and dust storms ruin the farming industry on the Great Plains

12. Hoover Struggles President Hoover tried and failed to help the nation – Bailouts Hoover Dam was a success

14. NEW DEAL Franklin D. Roosevelt (FDR) elected president in 1932 100 Days – the first 100 days of his presidency many New Deal Laws passed – Regulate and Restore Banks – Public Works – Help Farmers – Food Clothing and Shelter – Fair Practices in Business – Fireside Chats See table on Pg 706 for specifics

15. Critics of New Deal Deficit Spending – the government spending more money than it has 2 nd New Deal – More of the same Grapes of Wrath – John Steinbeck

16. Did the New Deal Work Yes – it helped many people due to its programs No- it cost to much money and created to much regulation on business Not until WWII would America be able to recover from the Great Depression