What led up to the great depression
What year did The Great Depression start?
1929
What is The Great Depression Often called?
a defining moment in the history of the US
Did The Great Depression happen worldwide?
yes
What were rich people forced to do?
Stop spending extra money
What did FDR issue?
a plan called “The New Deal”
What else happened in 1929?
the stock market crash
What was the biggest lasting effect of the The Great Depression?
The role of the federal government in the economy changed
Who were hit hard by The Great Depression
Farmers
What did the poor end up with?
no money
Did “The New Deal” get put into action?
yes
What were stocks being traded with?
credits
Who called for the expanded role of the government?
the majority of the American population?
How were the Farmers hit hard
They went bankrupt due to the decrease in their prices
What happened to marriage and birth rates?
they plummeted because they didn’t think they could afford a family
What is The New Deal?
its an active diverse and innovative program of economic recovery
What does the stock market crash mean for the banks?
All the money was lost And the banks collapsed
Which people didn’t want the government to have a bigger role
most businesses
What did some farmers do?
Banded into groups to stop food from being imported so they could demand higher prices
What did young people do during The Great Depression?
they fled, quit school, and left
What did FDR do in his first 100 days of his new administration?
He pushed through congress a package of legislation designed to lift the nation out of The Great Depression
What happened between the years 1921-1929?
there was a 67% increase in money supply
What did the federal government take responsibility of?
the elderly population, social security, and gave the involuntarily unemployed unemployment compensation
Were different country’s impacted differently?
Not all country were impacted differently, but they all reacted differently.
What happened to employment discrimination?
it doubled in intensity and darker skinned people lost their jobs
What did FDR create?
The Alphabet Agencies