The Great depression

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by AndreaDavila1996
Last updated 7 years ago

Discipline:
Social Studies
Subject:
American History

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The Great depression

The Great Depression

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Changes:The great depression caused many changes in American society and economic policies.- Stock Market And Banking Regulations - After the stock market crash and the collapse of more than 40% of American banks, they create financial protections, enforced by the newly formed Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC).- Franklin D. Roosevelt’s New Deal - Roosevelt introduced programs, designed to help America pull out of the Great Depression by addressing high rates of unemployment and poverty. The cornerstones of the New Deal were the Public Works Administration and the National Recovery Administration.- Expanded Role Of Government - FDR’s New Deal increased the role of government in people’s lives to unprecedented levels- Societal Change - Many people who survived the Great Depression would remain frugal throughout the rest of their lives, wary of banks, apt to accumulate food, and suspicious of the stock market.

Consequences- The damage was extended on Tuesday, October 29 when more than 16 million shares were sold making the day forever known as Black Tuesday.- Businesses closed and banks failed by the hundreds due to the collapse, putting millions out of work.- People waited in bread lines in every city, hoping for something to eat.- The Great Depression brought a rapid rise in the CRIME RATE as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition.

Roosevelt:- Roosevelt took immediate action to address the country’s economic woes, first announcing a four-day “bank holiday” during which all banks would close so that Congress could pass reform legislation and reopen banks - He also began addressing the public directly over the radio in a series of talks, and these so-called “fireside chats”. - His administration passed legislation that aimed to stabilize industrial and agricultural production, create jobs and stimulate recovery. - Roosevelt reformed the financial system, creating the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent abuses of the kind that led to the 1929 crash.

By: Natalia Avendano, Santiago Gabriel, Ruben Aguinada, Andrea Davila

The End of the Great Depression

End of the Great DepressionRedistribution of wealth - The retribution of wealth was fundamental in the ending of the great depression, because they government redistribute all the wealth that rich people had and basically give it to the poor people.Investing in infrastructure - The government start investing in the infrastructure meaning that more jobs where available since a lot of buildings need to be done.War spending - The war spending believe it or not help in the ending of the great depression because does spending where in a part good for the country since money for the first time start circulating.World War 2 - The world war 2 help in the ending of the great depression since more job where required and big industries start to appear in order to help in the war.


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