The Great Depression Lesson 10. 3 In this photo, a long line of jobless and homeless men wait to get free dinner at a municipal lodging house during the Great Depression.
Essential Question • How did the boom times of post-World War I America lead to bust times of the Great Depression?
The Great Depression 10. 3 • The Impact on Farmers • The Economy Slows Down • Culture in the 1920’s
The Economic Depression Americans believed boom would never end. Many borrowed money to buy goods and invest in stock market. Stock market crashed, thousands of people and businesses lost money
Roosevelt becomes President • Hoover blamed by many for lack of progress • FDR elected, pledges “new deal” to American people • Roosevelt promises to create programs to provide jobs, help struggling Americans
The New Deal Eleanor Roosevelt • Very active in involving women in New Deal programs. • Supported workers’ rights • Started National Youth Organization
Programs of the New Deal • • “Alphabet Soup” CCC TVA WPA • Social Security Administration • established a minimum wage. • kept interest rates low
Long-term impact of New Deal • Economy did improve • Many Americans were still out of work at the end of the ‘ 30 s • American were given hope • Federal government continued (and continues) to play a large role in the economy.