History Notes! The Great Depression! Birth rates decreased Suicide rates went up Less marriages WPA- Works Progress Association*Help the unemployed people find jobs during the great depression Many b

[7th ALLYSON:)]

History Notes! The Great Depression!

• Birth rates decreased
• Suicide rates went up
• Less marriages
• WPA- Works Progress Association
  *Help the unemployed people find jobs during the great depression
• Many banks failed because people began to lose their savings due to the deposits in the land, They became more cautious on who they gave loans out to
• Foods Stamps: Roosevelt started the program, Introduced in 1939
  *It help those who were needy to get food for their family
• Many people couldn’t transfer goods
  • Tariffs increased rapidly and that had a long lasting impact on the Depression

  Causes of the Great Depression

                  1.) The Stock Market Crash

                  2.) Bank Failures

                  3.) Drought conditions

                  4.) 1/3 of the non-farmer workforce lost jobs

                  5.) Occurred on Thursday October 24, 1929

                  6.) Many people invested in stocks

                                  a.) That day investors lost more than 40 billion

  Impact on the Lives of the people

                  1.) Homelessness

                  2.) Unemployment

                  3.) Hoverville’s (towns of shacks made by homeless people)

                  4.) Starvation and illness

  What did the government do?

                  1.) Tried to create jobs such as the new deal where they paid men to build roads and schools

                  2.) Roosevelt created the Agricultural Adjustment Act which paid farmers not to sell their products

                  3.) A typical ration from the government included four, pork, split peas, corn meant, molasses, and cocoa. It provided for only a half of a person’s national needs.

  Long lasting impression it left in the US and the world?

                  1.) Started social security system

                  2.) The government set up a system that drained on taxpayer money

                  3.) Families were separated

• Buying on credit allowed people to buy things then pay for them later,

• This combined with what the American people at the time though was a strong economy encouraged Americans to buy stock in hope of making a profit off them
• Buying on margin which was similar to buying on credit allowed people to buy shares for 10% to 20% of their actual value...so “margin millionaires” went broke with the stock market collapsed
• The federal deposit insurance was set up, so your money would be safe if the banks failed
• The federal deposit insurance was set up, so your money would be safe if the banks failed
• The first new deal was intended to fix the economy from the top down
• Anti-monopoly laws and price fixing was also part of the new deal along with stabilizing wages
• • NLRA- National Labor Relations Act
  • NYA- National Youth Administration
  • As soon as WWll started, the New Deal ended
    • The same year the US joined the war in 1941 the Great Depression ended