II Causes (The causes of the great depression were Stock Market Crash, Bank Failures, Drought
A over speculation- Too many people were buying stocks and not enough were selling; which paralyzed the stock market.
B Govt Policy- Return to normalcy
C Unstable Econ- imbalance of wealth between people caused an unstable economy
1 uneven prosperity- Rich got richer, while the poor got poorer
2 overproduction- over production of toasters and fridges would leave the demand to a halt once everyone had one
3 worker issues / farm issues- Drought caused farmers to go broke and some ended up having to move
III Effects
A Poverty - 25% of the population became unemployed
B Society - Soup kitchens were offered to feed the poor
C World- gave rise to the factors that allowed dictators to take power throughout the world
IV Solutions
A Hoover- founded government agencies, encouraged labor harmony, supported local aid for public works, fostered cooperation between government and business in order to stabilize prices, and struggled to balance the budget. His work focused on indirect relief from individual states
1 Volunteerism- Hoovers way to raise money without using federal money for direct aid to citizens.
2 Public Works- policemen, firemen, schools were minimized or ended
3 Hawley Smoot- Raised tariffs on imported goods to raised revenue for the government and help American businesses recover.
4 RFC- reconstruction finance cooperation.
B Roosevelt -President of the United States during the Great Depression (and beyond)
1 new deal- A series of programs passed by congress during the great depression
b Criticsim? - Was criticized by both conservatives and liberals
2 2nd new deal- Roosevelt's second series of programs.
V Criticism- People criticized Roosevelt's plans, claiming that they were either too constrictive or not effective enough to make a difference
A Conservatives- Claimed the new programs would restrict business too much
B Liberals- Claimed the new programs did not do enough to help society recover from the depression
VI Effectiveness-
A Changes in US- Economy slowly repaired itself, people started getting jobs farms didn't overproduce as much.
B Unions- With less competition for job, unions regained some power.
C Culture-Music was written about the depression and recovering from it.
VII Conclusion- These were the causes of the Great depression!
