– James Randolph, Columbus
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The Great Depression | Mises Institute
NO Government regulations
25 percent of banks failed
Federal Reserve failed to prevent banks from collapsing
People were left hungry and homeless turning to soup kitchens and "Hoovervilles"
Franklin Roosevelt took office March 4, 1933,
stating, "I pledge you, I pledge myself, to a new
deal for the American people."
FDR's New Deal program used government programs
to help the nation recover from the Depression
These programs focused on:
Giving people immediate
through programs that provided food and shelter.
Creating jobs for a long-term
Preventing future economic
FDR's Fireside Chats reassured Americans the country was going to recover as well as shared his hopes and plans for the country
So what were the major programs within the New Deal?
So how did America recover from the Great Depression?
What was the Great Depression?
It was a time in the US when there was little money and ecnomic growth.
What's a Hooverville?
A town built by homeless people during the Great Depression named after the president of the United States, Herbert Hoover.
To buy stock that is high risk so you make a large profit when you sell it (get rich-quick scheme)
buying shares of stock with borrowed money that is to be repaid when the shares are sold
What is the Stock Market?
the business of buying and selling shares of ownership in a company
Then on October 24, 1929, thousands of
investors wanted to
their stock, NOT
them so on October 29, 1929 the Stock
and nearly everyone lost $
After crash, people could not repay
The Stock Market Crash day is remembered as
Impact on American People
Large number of
were without jobs.
incomes fell to low levels
Large numbers of people were
The History Place - Rise of Hitler: Great Depression Begins
“We really didn’t feel a lack of money in our young lives because we were raised to be satisfied with what we had. Recycling was a way of life for us. We could even make money by returning bottles to the store. My father used to sing, ‘The Best Things in Life Are Free.’ This was the philosophy that carried us through the Depression.”
– Manila Fellows, age 84, Youngstown
The Great Depression in America Quiz | 10 Questions
During the Depression, baseball games were held in farmers’ fields or on school playgrounds, with little money involved. You just had the price of the ball and bat.”
– Mary Cole, age 91, Cadiz
The Great Depression in Germany - Alpha History
The Depression years also saw a reinvigoration of Utah's labor movement, beginning in 1933 when coal miners, after a thirty year effort, were finally unionized. Success in the coal fields stimulated efforts in other areas, and by 1937 union membership in Utah had increased six fold. The 1930s also brought political changes. The Republican Party, which had dominated Utah politics since statehood in 1896, fell from favor, and from the early 1930s until the late 1940s the Democrats dominated Utah politics as thoroughly as had the Republicans previously. Although the scope of the New Deal was immense, it did not end the Depression in Utah or the rest of the nation. World War II did that. During the War years Utah reached full employment for the fist time in the twentieth century. Worker's incomes increased by fifty percent; corporate profits doubled. By the time the war ended, Utah, like the United States as a whole, had never been so prosperous.
The Great Depression in Washington State
See: Leonard J. Arrington, Utah, the New Deal and the Depression of the 1930s. Ogden, Utah: Weber State College, 1982; John F. Bluth and Wayne K. Hinton, "The Great Depression", Chapter 26 in Richard D. Poll, et al., eds. Utah's History, Provo: Brigham Young University Press, 1978. and John S. McCormick, "Hard Times", Chapter VIII in Salt Lake City, the Gathering Place. Woodland Hills, California: Windsor Publications, Inc., 1980.
Lincoln's Great Depression - The Atlantic
The Works Progress Administration (WPA) alone employed an average of 12,000 people annually between 1935 and 1942, with a peak of 17,000 in 1936. A 1939 survey revealed that Utah's average WPA worker was thirty-eight years old, married, with two to three children. The WPA Art Project was responsible for the creation of thousands of works of art, including the paintings of historic Utah figures and events in the State Capitol dome. The Utah Symphony Orchestra started as a WPA Music Project. The Federal Writer's Project sponsored the collecting, cataloging, and publication of historical documents, employing such people as Juanita Brooks and Dale Morgan. Following several steps behind federal programs, the Mormon Church in 1936 established what later came to be known as the Church Welfare Plan. Primarily a direct relief program providing commodities and supplies along with work, its effect was substantial, but it only supplemented governmental action. Federal non-repayable expenditures in Utah for the period 1936-1940 were ten times as great as the accountable value of church-wide Welfare Plan transactions.