Great Depression and New Deal Visual Summary By

Great Depression and New Deal Visual Summary By: Mack Gibson Justin Schwartz Brenden Rawlins Daniel Christensen

1. Stock Market Crash (October 29, 1929) • On Black Tuesday (October 29, 1929), the Stock Market crashed when 16. 4 million shares of stocks were sold. • It caused the economy to begin a downward spiral, for the crash brought about millions losing their jobs and money, due to business and banking failures.

2. President Hoover’s Reactions • Hoover had a typical conservative view about the economy, for he felt as though the economy would recover eventually without the need of federal intervention.

3. Effects of the Crash • Thousands of factories began to close across the country, while many wealthy business owners lost huge amounts of their wealth. • 5, 000 banks collapsed, and many saw their savings vanish as a result. • Between 6 and 7 million unemployed by 1930. • Foreclosure of many homes/property

4. The Dust Bowl • During the 1930 s, the West suffered from constant droughts, which led to unsuccessful crop harvests. • Along with the droughts, wind storms created massive clouds of debris that consisted of dirt, soil, etc. that covered millions of acres of land, making crop harvesting very difficult. • This created even more difficulty for the farmers.

5. Election of 1932 • In the Election of 1932, the incumbent Herbert Hoover faced off against Franklin D. Roosevelt, a former governor of New York. • Roosevelt won by a landslide, acquiring 472 electoral votes along with 57. 4% of the popular vote. Vs.

6. “First hundred days” and the New Deal • During Roosevelt’s “first hundred days” in office, he introduced a plethora of legislation, which he hoped would help combat the Great Depression through many different ways. They included spending to help reduce unemployment, along with offering jobs to the unemployed.

7. The Second New Deal • The main purpose behind the legislation of the Second New Deal was to ensure that economic slides in the future would not lead to another meltdown of the economic and financial structures in the country. • Some of this legislation included the Wagner Act, Social Security Act, and Works Progress Administration.

8. “Court packing” • Due to the conservative majority on the Supreme Court during the 1930 s, much of Roosevelt’s legislation was ruled unconstitutional, usually with a broad interpretation of the Constitution. • To fix this, Roosevelt tried to “pack” the Court with new Justices that supported the New Deal. • The public disproved of this event.

9. Schecter vs. United States • In this Supreme Court case, it was ruled that Roosevelt’s program, the National Industrial Recovery Act was unconstitutional. • The ruling came in 1935.