Great+Depression&New+Deal+Nicole+DeLude

=The Great Depression = =Summary = ====The Great depression started in 1929 when the stock market crashed. It was normal for the US to have slight declines in the ecomony, but the one in the 1930s was so severe that it lasted longer than any depression had lasted before. The depression not only affected people in the US, it affected people all over the world. ==== =Causes =
 * ====**__Lack of Diversificaction in the Economy__**-Prosperity depended on a few basic industries, but in the late 20's those industries began to decline. ====
 * ====**__Maldistribution of Wealth__**-Industrial & agricultural production increased but the potential consumers was too small to create a sufficient market for the economy. ====
 * ====**__Credit Structure__**- Many farmers were deeply in debt. Small banks that gave out loans suffered because they lost too much money and had to close. ====
 * ====**__International Exports__**-European Demand for American goods declined because European industry and agriculture we becoming more producitve. ====
 * ====**__International Debt__**-The European countries that were destroyed during the war owed more money than they could pay while their economies were in such bad condition.====

=Key Terms=

**__Franklin D. Roosevelt__**- Became president and pledged to a "new deal for the American people," which gave name to his program to help stabilize the economy.
=** ﻿New Deal **=

The New Deal was a plan created by FDR to try to help the economy get back on its feet. Roosevelts greatest challenge was to create more jobs for the people that were unemployed.
=New Deal Programs=
 * ====**CCC**-The Civilian Conservation Corps employed unmarried men to help improve national parks and forests.====
 * ====**Emergency Banking Act**-It was designed to convince conservative Americans that the federal government was in safe hands.====
 * ====**SEC**-Securities and Exchange Commision was made to monitor the stock market.====
 * ====**AAA**- The Agricultural Adjustment Act was passed to reduce crop production to end agricutural surpluses and stop the downward spiral of farm prices.====
 * ====**NRA**-The National Recovery Administration made every business in the nation have minimum wage, maximum workweek, and abolished slavery.====
 * ====**TVA**-Tennessee Vally Authority was a gov't funded public works and regional planning that helped create more power plants and water resources.====
 * ====**FDIC**-Federal Deposit Insurance Corporation, insured banks so that if the banks went out of business, the FDIC would reimburse depositors up to certain limits.====
 * ====**Social Security**-Created a system of insurance in which old-age pension and unemployment insurance that gave benefits to those that needed it once they got older.====

=Videos= [|Great Depression] [|New Deal]

=DEPRESSION PICS.=

=THE NEW DEAL PICS.=



Resources
US History book Hippocampus