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Stock Market Crash
Stock prices fell.
The market closed with only 2% lost.
Stocks were all over the place falling and rising.
Banks tried to intervened only making things worse.
Trading went sideways after hitting BOTTOM.
650 banks failed making dollar values higher creating problems for citizens. -
Beginning of a new era
The great depression began putting everything into perspective of which no one was happy. Hoover was also elected president. -
Dust Bowl
Lasted almost a decade and hit the Mississippian river all the way to the mid-atlantic region. Crops began to fail hurting the farmers income. Causing diseases known as dust pneumonia and others. Congress later granting farmers money $65 million to be exact. -
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BANKS
They started improving, but the weakness of the system slowed that process down. People soon rushed to pull their money out, since the banks wanted to stay afloat they came up with an idea called, "Bank Run." It takes 10% of people's money making sure that the banks stay in business even without some. By 1931, 1,300 banks failed including the fourth largest bank in the nation. -
Continuance...
Food riots broke out in February hitting another eight southern states. Unemployment rose to 15.9%, Prices fell 9.3%, and the economy worsened after hitting rock bottom to 6.4%. -
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Things didn't get any better
Congress created the Reconstruction Finance Corporation preventing further failures. A few months later they gave it to states for relief. The Revenue Act was signed thinking to give citizens confidence only to put them further into depression. The economy is still shrinking, unemployment rising, and prices falling. -
2/3 was lost
Raising tariffs, and Establishing import quotas, trade blocs, and bilateral trade parts started diminishing since 1929. -
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Acts put into motion
FDR was elected into office creating the New Deal to prevent failing banks along with the Emergency Banking Act. The Government Economy Act cut finances for the New Deal on the 20th. On the 22nd the Beer-Wine Revenue Act stopped alcohol tax sales. CCC hired 3 million workers to maintain public lands on March 31st. -
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Acts Continued....
FERA-created more Federal jobs.
AAJ-limited the amount of crops a farmer could make ultimately raising the price.
EFMA-saved farms from foreclosures by giving them a loan.
TVAA-built power stations in the poorest of areas.
SA-educated investors when buying stocks.
HOLC-refinanced mortgages.
GSA-created the FDIC by separating investment & retail banking.
NIRA-started PWA which created more jobs.
NRA-limited work hours, started minimum wage, & prohibited child labor.
ERT-national railroad systems. -
Everything still sucks which will soon change
Four million jobs were created by the CWA. 6 million pigs were slaughter by farmers to boost prices and reduce supply infuriating the citizens for it was a waste of food as they had said. FSRC gave food to the poor. Economy= -1.3%. Unemployment= +24.9%. Prices= +0.8%. Debt totaling $23 BILLION. -
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You have to hit rock bottom in order to get sky high.
GRA- doubling the price of gold and prohibiting private ownership.
Black Sunday= Worst storm ever leaving FDR to pass yet another act SCA(teaching farmers sustainable methods). FHA= federal mortgage insurance. The stock market was regulated by the SEC. Regulations of telephone, telegraph, and radio communications was unified by the FCC. All most 80% was in extremely dry conditions. -
Change is in the air
This is the response to the New Deal and its programs.
Economy= Grew 10.8%
Unemployment Rate= Fell 21.7%
Price= Rose 1.5%
Debt= Grew to $27 billion. -
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Would they stop with all these acts????
With these acts FDR focused on the poor, unemployed, & farmers.
SCDAA- farmers were paid to plant soil-building crops.
8.5 million people were hired by the WPA which was started by the ERA.
REA- helped generate electricity for farming areas.
NLRA/WA- protected workers' rights creating the NLRB.
RA- gave loans to farmers.
SSA- gave income to the old, the blind, disabled, & children in poor families.
Economy= +8.9%. Unemployment= -20.1% Prices= 3.0%. Debt rose to $29 billion. -
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Is it hot in here or is it just me?
The hottest summer ever recorded began with eight states experiencing 110+ degree weather. An additional 12 states experiencing the same thing with four breaking into 120 degrees. Texas was one of those four states. With these extremely hot temperatures it killed 1,693 people adding 3,500 from drowning to cool off. E= +12.9%. U= -16.9%. P= +1.4%. Debt growing to be $34 billion. -
Second Term with FDR
WSA- funding state-run public housing.
BPA- delivered and sold power from Bonneville Dam.
FTA- provided loans to tenant farmers to buy farms.
FSA- replaced RA.
Spending was cut pushing the economy into further into depression.
NAAA resembled the 1933 AAA.
FLSA- established US minimum wage, overtime pay, and employment standards for the young.
Things started to get bad again. E= +5.1%. U= -14.3%. P= -2.9%. Debt almost reached $37 billion. -
Things were looking up until...
The economy is growing and depression is shrinking almost gone leaving people with other problems from the side affects of the depression. E= -3.3%. U= +19%. P= -2.8%. Debt slightly reached $37 billion. -
WWII
Drought returned and Temperature rose in Louisiana. FSA administered SS, funding to federal education, and safety for food and drugs. Hitler invaded Poland by September causing the start of WWII. Debt hit the highest its been of all time which is $40 billion. The economy rose 8%, unemployment fell to 17.2%, and prices remained flat.