1. Ch 25 sections 1 & 2 The Great Depression

2. The Stock Market During the 1920’s the economy was booming. During the 1920’s the economy was booming. Many people were encouraged to invest in the stock market. In companies like General Motors. Many people were encouraged to invest in the stock market. In companies like General Motors. All types of people put their life savings into the stock market- even regular workers like plumbers, waitress, teachers. All types of people put their life savings into the stock market- even regular workers like plumbers, waitress, teachers.

3. Almost over night- the stock market values dropped. Many millionaires lost their fortunes, and regular workers lost it all. Almost over night- the stock market values dropped. Many millionaires lost their fortunes, and regular workers lost it all. This event is considered the worst crisis since the Civil War. This event is considered the worst crisis since the Civil War.

4. The Boom, The Crash Many figured that this “boom” would start to end and they started selling their stocks. This made stock prices fall and eventual caused a crash of the stock market. Many figured that this “boom” would start to end and they started selling their stocks. This made stock prices fall and eventual caused a crash of the stock market.

5. Black Thursday Oct 24 th is known as Black Thursday. This is because panicked traders sold almost 13 million shares on this day. Oct 24 th is known as Black Thursday. This is because panicked traders sold almost 13 million shares on this day. After a few days of calm- the selling of shares worsened. Monday and then Tuesday Oct. 29 th was the darkest day for the stock market. After a few days of calm- the selling of shares worsened. Monday and then Tuesday Oct. 29 th was the darkest day for the stock market.

6. The Great Depression For the next 2 years- the U.S. slid into an economic disaster. For the next 2 years- the U.S. slid into an economic disaster. Although this stock market crash was horrible for the economy is it not to blame for the Great Depression. Although this stock market crash was horrible for the economy is it not to blame for the Great Depression. That along with other factors let to the Depression in America That along with other factors let to the Depression in America

7. Warning signals During the 1920’s there were things that started to show signals of economic struggles. During the 1920’s there were things that started to show signals of economic struggles. 1. Farms & industries started to decline. 2. Wages were cut 3. The gap between rich and poor rose. 4. 1929 appx. 75% of American families lived in poverty or right at it.

8. Credit Crisis- A lot of people bought things on credit and couldn’t pay it back. Credit Crisis- A lot of people bought things on credit and couldn’t pay it back. International economics- since so many countries depended on America for loans- other countries had to spend less because they couldn’t get loans anymore from the U.S. International economics- since so many countries depended on America for loans- other countries had to spend less because they couldn’t get loans anymore from the U.S.

9. Joblessness & poverty- Millions lost their jobs Joblessness & poverty- Millions lost their jobs The unemployment rate was at %20 throughout the decade. The unemployment rate was at %20 throughout the decade. People that didn’t have jobs felt worthless and lonely- many felt like “freaks and misfits” People that didn’t have jobs felt worthless and lonely- many felt like “freaks and misfits”

10. Hungry people People waited hours in line for a slice People waited hours in line for a slice of bread, a cup of coffee or a bowl of soup. People would try and earn a few cents by shining shoes, selling apples. People would try and earn a few cents by shining shoes, selling apples. People lived in boxes, and unsed old wood and debris to make a house- many called them Hoovervilles. Why? People lived in boxes, and unsed old wood and debris to make a house- many called them Hoovervilles. Why?

11. Hooverville’s Many people called these Shanty Towns- poor neighborhoods Hooverville’s because they felt like President Hoover failed to help them. Many people called these Shanty Towns- poor neighborhoods Hooverville’s because they felt like President Hoover failed to help them.

12. What president Hoover thought He thought that this “depression” wouldn’ last forever. He thought that business could help by not lowering wages. He thought that this “depression” wouldn’ last forever. He thought that business could help by not lowering wages. He also depended on churches and shelters to help out with the poverty. He also depended on churches and shelters to help out with the poverty.

13. Ch 25 sections 2 Americans wanted a new president who made them feel like they were important. Americans wanted a new president who made them feel like they were important. Franklin Roosevelt did just that. He was a democrat from New York with new ideas and a “New Deal. Franklin Roosevelt did just that. He was a democrat from New York with new ideas and a “New Deal.

14. Some facts about FDR Franklin D. Roosevelt was a distant relative of Theo Roosevelt. Franklin D. Roosevelt was a distant relative of Theo Roosevelt. He came from a wealthy family. He came from a wealthy family. He was an assistant secretary in the NAVY He was an assistant secretary in the NAVY He was stricken with Polio in 1921 He was stricken with Polio in 1921

15. When FDR ran for president- he never mentioned that he had a disability. He asked photographers to never take pictures below his waist- so that America wouldn’t see the braces or wheelchair. When FDR ran for president- he never mentioned that he had a disability. He asked photographers to never take pictures below his waist- so that America wouldn’t see the braces or wheelchair. Why did he request this? Why did he request this?

16. The New Deal New laws and regulations made a difference in the economics in America. New laws and regulations made a difference in the economics in America. FDR create jobs. FDR create jobs. The new deal did not “cure” the nations problems but some people had a renewed sense of confidence in America. The new deal did not “cure” the nations problems but some people had a renewed sense of confidence in America.