New Deal America 1929-1939Core Objectives1.Identify the major causes of the Great Depression.2.Describe the impact of the Great Depression on the American people.3.Explain the response of the Hoover administration to the Great Depression.4.Assess the goals and accomplishments of the early New Deal.5.Analyze the major criticisms of the early New Deal.6.Evaluate the ways the New Deal evolved and how it transformed the role of federal governments.
The Causes of the Great Depression•The Great Depression - •The Stock Market during the Twenties•The Crash•Why the Economy Collapsed–Production of more goods, but declining purchasing power of consumer/worker–Impact of Europe’s economy and unpaid loans–Inflated stocks and real estate loans
Major Causes of the Great Depression•The Stock Market Crash–“Black Tuesday” Oct. 29, 1929•Consumer Lending practices of the Banks –Farmers plight/crop prices/foreclosures–Real Estate speculation–Banks with Overextended Credit
Major Causes of the Great Depression•Domino effect of World Economy–Germany reparations to France and England–France and England default on United States war loans–U.S. Bank loans to Europe
Impact on the American People•Mass Unemployment–Up to 25% of population out of work•“Hoovervilles”–Homeless camps •Breadlines–Private charities and churches–Government assistance in the 1930s•Move out of the city and return to rural life–Grow your own food
The Human Toll of the Depression•Unemployment and “Relief”•Hunger•Homelessness•Desperate Responses