The Great Depression

The Great Depression - The Great Depression A. Frenzied...

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The Great Depression A. Frenzied speculation and mergers of the booming economy 1. 1920s led to the economic depression of the 1930s B. FDR 1. Government committed itself to unprecedented levels of regulation and control over the national economy 2. Policies of New Deal made him and the Democrats extremely popular and changed the role of government in American’s lives 3. His policies changed the demographics of the political parties 4. Supported blacks, poor, labor unions a. But blacks tended to vote for Republicans o Republicans-anti-slavery party during Civil War and Reconstruction 5. Depression allowed Fascists to rise to power in Germany and Italy C. The Crash 1. Levels of investment-speculative investments, grew to new heights 2. Economy couldn’t support it-Thursday October 24, 1929-Black Thursday, stock market crashed a. Dow Jones Industrial Average dropped 9% b. NY banks united to buy up #30 million worth of stocks to stabilize markets and Hoover announced that recovery was expected
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The Great Depression - The Great Depression A. Frenzied...

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