Great Depression Mandi Johnathan Great Depression October 1929

Great Depression Mandi & Johnathan

Great Depression • October 1929 • Stock market crashes on October 24 th. • $30 Billion in stock values “disappear”

Important People • Herbert Hoover (31 st president) • Cut taxes and balanced budget • Franklin D. Roosevelt (President during this time) • New Deal Program • Eleanor Roosevelt (first lady) • Worked with youth • National Youth Administration • Human Rights issues

Cause • Stock Market crashes, marking end of 6 years of unparalleled prosperity for most sectors of the American economy • Black Tuesday (Oct 24 th) • Oct 29 th : Stock prices plummet; banks call in loans

• March 1930 – 3. 2 million people faced unemployment • During the worst years of the Depression (1933 -1934) the overall jobless rate was 25% • Another 25% taking wage cuts • 1941 WWll – Unemployment rate fell below 10% Ø“If, with all the advantages I’ve had, I can’t make a living, I’m just not good, I guess. ” - An unemployed Texas schoolteacher

• February 1931 – “Food Riots” people smashed windows of grocery markets to make off with fruit, canned goods, bacon, ham • Al Capone (1899 -1947) opened up a soup kitchen • Millions of people, only food they had Ø“The country is not in good condition” – Calvin Coolidge

• December 1931 – New York’s Bank of the Unites States collapses • Had over $200 million in deposits • One of the causes of GD : weak banking system, overproduction, bursting credit bubble

• September 1933 - Federal Agriculture program orders the slaughter of more than 6 million pigs • October 1933 – Civil Works Administration established • Building bridges, schools, hospitals, airports, parks and playgrounds • Structures like the Empire State Building and the Golden Gate Bridge were completed during the GD Ø“Gentleman, you have come sixty days too late. The depression is over. ” – Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery

• April 1935 – FDR signs legislation creating Works Progress Administration • Improve highways, roads, bridges, airports • August 1935 – Social Security Act of 1935 • Signed into law by FDR • Financed through payroll tax • Early form began to implement insurance for elderly who did not have enough $ to support themselves

• January 1937 - United Automobile Workers strike at General Motors Plant… turns violent • May 1937 – “Memorial Day Massacre” picnic with rally and demonstration • Ten people killed, a dozen more wounded

• November 1940 - End of the Great Depression • http: //youtu. be/hb. EVe. KIgh. Ck

Works Cited • "American Experience: TV's Most-watched History Series. " PBS, n. d. Web. 11 Feb. 2015. • "Important People: The Great Depression. " Important People: The Great Depression. N. p. , n. d. Web. 23 Feb. 2015. • Shmoop Editorial Team. "The Great Depression Quotes. " Shmoop. com. Shmoop University, Inc. , 11 Nov. 2008. Web. 23 Feb. 2015.