Transcript A Day of Reckoning

The Great Depression
By Nick Hemmert
The 1920’s
The Roaring Twenties
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One of the most defining decades in
American History.
After World War I
The Age of Jazz
Silent Movies
The Flapper
Short hair for men and women
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On Black
Tuesday,
October 24,
1929, the
Stock Market
collapsed.
Wall Street Stock-Market Crash Of 1929
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The crash precipitated
the Great Depression,
the worst economic
downturn in the history
of the United States.
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In the words of a gray
haired Stock Exchange
guard, "They roared like
a lot of lions and tigers.
A Day of Reckoning
“They hollered and
screamed, they clawed
at one another. The
trading floor of the new
York stock exchange
was like a bunch of
crazy men.”
“Every once in a while,
when radio or steel
would take another
tumble, you'd see some
poor devil collapse and
fall to the floor."
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Wall Street Stock-Market Crash Of 1929
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The stock
market was
in shambles.
Many banks
couldn't
continue to
operate.
Farmers fell
into
bankruptcy.
End of an Era
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The Wall Street Crash of 1929 brought the
Roaring Twenties to an end and led to a
Depression in America.
The Great Depression was probably the
lowest point in American economic history.
Reasons
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One of the reasons this happened was how
people had invested in stocks during the
1920s.
Many people used credit to invest, and some
companies they invested in were worthless.
When investors started to wise up, lots of
people sold stock quickly, the prices went
down fast, and almost everybody lost money.
The 1930’s and the Great Depression
Famous Photographs of the Great
Depression
http://history1900s.about.com/library/photos/blygd45.htm
Famous Photographs of the Great
Depression Era
http://www.exitmundi.nl/oilproblem_familie.jpg
Famous Photographs of the Great
Depression Era
Famous Photographs of the Great
Depression Era
The Great Depression
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One out of every four people in America lost his or her
job.
Some people starved trying to find work, while others did
all they could to just hang on a little longer. Some could
only find food in soup lines.
The New Deal
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When Franklin D. Roosevelt accepted the Democratic
nomination for president of the United States in 1932, he
pledged to create "...a new deal for the American
people."
The New Deal
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The New Deal became the term that
described all of Roosevelt's later efforts to
help the tens of millions of people.
The New Deal had three goals:
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Relief for people who needed food and shelter
Recovery to lift the country out of the economic
recession and provide jobs
Reform to create laws and institutions that make
sure such a long and difficult depression never
happen again
The Future
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The New Deal programs helped many
Americans, but it wasn’t until World War II
that the American economy straightened out.
Effects of the Great Depression
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* Widespread hunger, poverty, and
unemployment
* Worldwide economic crisis
* Democratic victory in 1232 election
* FDR's New Deal
Effects of the Great Depression
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Widespread hunger
Poverty
Soup lines