Unit 10 Great Depression

Describe the historical context of the Great Depression

•  The stock Market Crashing

• Unemployment 

• Overproduction

What date and year did the stock market crash?

Tuesday, October 29th, 1929

How did overproduction lead to people selling their stocks?

Because of overproduction led to an oversupply of items that customers could not afford.

How did Herbert Hoover think the government should deal with the Depression?

He believed that the government should not take control or responsibility for those in need and that citizens and local organizations would help those in need.

How did Franklin D. Roosevelt think the government should deal with the Depression?

He thought the government should play a big role in what citizens need, and he promised them a new deal to restore faith in the economy and not let the great depression happen again.

What was FDR’s New Deal

His new deal was to improve the lives of people suffering from the Great Depression, and fix problems, allowing the great depression to never happen again.

What are the three R’s of Roosevelt’s New Deal?

Reform- Fix the issues that caused the Great Depression so that something like that does not happen again.

 Relief- For the people, give people the things that they need (food, shelter, etc.) through job opportunities and government programs.

 

Recovery- For the economy, create jobs through government spending so that money starts to cycle through the economy again.

What effects did the Great Depression have on people?

It caused people to be unemployed, lose tons of money, and not have a home.

What was the Dust Bowl and what caused it?

A drought in the 1930s turned the Great Plains very dry. It was caused by poor agriculture.