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Period: to
The Great Depression
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Unemployment rate in 1920
5.2% -
Unemployment rate in 1921
8.8% -
The Great Depression
The Great Depression began a little after the stock market crashed in 1929. Over the next several years, consumer spending and investment dropped, causing steep declines and rising levels of unemployment as companies laid off workers. -
Unemployment rate in 1929
4.6% -
The Deportation of Mexican Americans in the Great Depression
Mexicans of all nationalities were considered and treated as undesirable aliens subject to deportation. Private and public welfare organizations began organizing campaigns to deport Mexicans during the great depression. -
Social Security Administration
During the 1930s, a major political movement developed to provide some form of social insurance against threats to the economic security of Americans. The Social Security Administration was the result, also known as the SSA. -
Entitlement programs and solvency
Entitlement programs consisted of the social security system. The most important programs included military retirement plans, unemployment compensation, food stamps, and agricultural price support programs and more.
Solvency was the term given to the Government entitlement program that runs out of money. -
Unemployment in 1932
23.6% -
Franklin D. Roosevelt
Franklin D. Roosevelt was presidant of the U.S starting in 1933 during the Great Depression. He helped the poeple of the US regain their faith in themselves. He said a quote, " The only thing we have to fear is fear itself." -
FDIC was incorporated in 1933
FDIC insures deposits in banks and thrift institutions (savings and loans, and savings banks) for at least $100,000. Not only are depositors protected, confidence in the U.S. banking system is maintained should a bank or thrift fail, and the impact on the economy is mitigated. -
The New Deal
The 1933 National Industrial Recovery Act (NIRA) set up the New Deal's strategy the get rid of the depression. Industrial sectors were encouraged to avoid selling below cost to attract dwindling customers and drive weaker competitors out of business, which may have been good for individual businesses in the short-run, but resulted in increased unemployment and an even smaller customers in the long run. -
Relief, Recovery, and Reform
Relief was the immediate action taken to halt the economies deterioration. Recovery was the "Pump - Priming" temporary programs to restart the flow of consumer demand. Reform was the permanent programs to avoid another depression and insure citizens against economic disasters. -
Tennessee Valley Authoriy
Begun by the federal government during the Great Depression, was the Tennessee Valley Authority, or TVA. I was created in 1933. The TVA was dealing with floods, deforestation, and eroded land. They aimed to help reduce these problems by teaching better farming methods, replanting trees, and building dams. -
Dorothea Lange
Dorothea Lange was a photographer during the Great Depression. In 1934 she took many photos during the Great Depression that were known. -
Securities and Exchange Commission
This SEC was created to restore the public’s confidence in the stock market after the Great Depression of 1929. The SEC maintains confidence in the U.S. stock market, which is critical to the strong functioning of the U.S. economy. -
The dust bowl from1930-1936
When severe drought conditions prevailed across much of America’s Plains, Dust Bowls were created.This was caused from poor crop management .The dust bowl was when soil turned to dust and large dark clouds could be seen across the horizon in Texas, Oklahoma, Kansas, Nebraska, Colorado, and New Mexico. -
Unemployment in rate in 1938
19% -
Unemployment rate in 1942
4.7% -
Langston Hughes
Langston Hughes was a poet during the Harlem Renaissance. His most famous works were A Dream Deffered written in 1951. -
Unemployment rate in 1950
5.3% -
Medicare and Medicade
Franklin Roosevelt proposed a social insurance program called Social Security to ensure the elderly would be prtected from severe poverty during the Depression, this was called Medicaid.
The social security act of 1965 passed medicare and medicaid. -
Unemployment rate in 1975
7.7% -
Unemployment rate in 1990
5.6% -
Unemployment rate in 2009
9.3% -
Unemployment rate today
7.9%
