CPUSH FINAL

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