Great Depression Supporting Evidence

• Model T's price dropped from $950 to $290


  1914 - 1924
• Outstanding credit doubled from 2 billion to 4 billion


  1925 - 1929
• Average income began to decline


  1927
• Prices began to fall sharply


  21 Oct
• Black Thursday - Wall Street Crash

  24 Oct 1929
• 12.5 million shares sold
• Unemployment rose from 3.2% in 1929 to 24.9% in 1933
• 11,000 out of 25,000 US banks failed
• 80% of American families had no savings and earned less than $2,500 dollars a year
• 10,000 banks failed


  1929 - 1933
• Unemployment (1 in 4 Americans couldn't find work)
• Hoover vs FDR election

  1932
• FDR presidency


  1933 - 1945
• Hawley Smoot Tariff Act increased tariffs on imported goods by 50%
• Government provided $423 million for a building program to create new jobs
• Hoover


  Rugged individualism, laissez-faire
• 77 laws passed in FDR's first 100 days
• First New Deal (1933 - 1935)


  Relief, recovery, reform
• After the New Deal, poverty was still high (50%) and so was unemployment (8 million people)
• FCA (Farm Credit Administration) made loans to a fifth of all farmers
• AAA (Agriculture Adjustment Agency) - prices went up between 1933 and 1939
• Government killed 6 million piglets and got rid of 1/3 of the South's cotton crop
• Dust Bowl - 350,000 people moved to Hoovervilles
• Farmers made up 30% of the population
• By 1929, companies spent $3 billion annually to advertise their products
• Hawley Smoot Tariff Act of 1930 led to less trade and a tariff war/competition
• Dust Bowl - 89 million acres of land damaged
• how many banks were closing by 1932 a day?

  40
• what was a banking act?

  emergency banking relief act (1933)
• what was the social security act?

  1935, old age pension, umemployment benefits
• what was fdr's quote


  "among american citizens, there should be no forgotten men and no forgotten races"
• what was the banking quote


  "the most important task waiting for roosevelt at the beginning of the hundred days was stemming the crisis in banking"
• what % of women lost jobs due to the 1933 economy act?

  75%
• "Raw Deal"


  the name AA gave the New deal
• what is the AAA

  agricultural adjustment act
• vwhat was the nra

  national recovery admin, oversaw industrial recovery, work rights and bargaining for workers
• ccc


  civilian conservation corps, young, white, umemployed and unmarried men were given food and shelter while working on public spaces, eg: parks , forests
• how long were the democrats in power?

  20 years
• what was the name fdr gave to his connection system with the public?

  Fireside Chats
• how did fdr change the govt

  anti laissez-faire, connection with public,