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Primary causes of the great depression
agricultural and industrial overproduction, uneven distribution of wealth, over-extension of credit, poor economic policy, International economic situation.
Dust Bowl
Soil erosion from excessive use caused a large dust cloud to travel throughout the south leading to farmers to head west.
Stock Market Crash
Impact on the banking industry led to bank runs, closing banks, and lost savings
Herbert Hoovers lack of response
lead to hoovervilles and bonus armies
FDR & THE NEW DEAL
Relief, Recovery, Reform
Relief
provide jobs for the unemployed and protect farmers
Recovery
¨recover” the economy
Reform
prevent a repeat of the GD
Liberal criticism
Huey Long, Fr. Charles E. Coughlin, Dr. Francis E. Townsend
New Deal Programs
(AAA), (NIRA), (FDIC),(WPA)
Moderate legislation acts
Revenue Act, Banking Act. Social Security Act (all of 1935)
New Deal Decline
court packing and party purge fails, Reaction to Recession of 1937, Fascism
