The Great DepressionMajor CausesThe Stock market crashBank Failures
Reduction in Purchasing
The Turning point to Recovery
FDRs New dealFirst One Hundred Days
Closed all banks nationwide for a three day cool downFDIC was created (insures money placed into the banking system, up to $5000, at the time)The Gold Reserve Act was passed, taking the U.S. away from a gold-backed currency systemThe Economy Act was passed, cutting government salaries and saving $500,000,000The Agricultural adjustment Act (AAA), Resettlement Administration (RA), Farm Security Administration (FSA), Rural Electrification Administration (REA), and Tennessee Valley Authority (TVA) were all used to address the rural problems in America, as well as create jobsRepealed Prohibition, creating large revenue for citiesFDRs new dealThe second new deal 1934-35Brief Recession
The end of the depression
ReferencesCole, Harold L., and Ohandi, Lee E., New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis. UCLA and Federal Reserve Bank of Minneapolis, February 2003.Franklin D. Roosevelt: Inaugural Speech of Franklin Delano Roosevelt. Retrieved from http://literaturepage.com/read/fdr_inaugural_speech-1.html, February 2007.Hamilton, David. The Causes of the Banking Panic of 1930: Another View. The Journal of Southern History, 1985.Kangas, Steve. What Role Did the Smoot-Hawley Tariff Play? Retrieved from www.huppi.com/kangaroo/SmootHawley.htm.McJimsey, George. Agricultural Adjustment Act. Retrieved from www.spartacus.schoolnet.co.uk/USARagriculture.htm, February 2007.Samuelson, Robert J. Great Depression. Library of Economics and Liberty: The Concise Encyclopedia of Economics. Retrieved from www.econlib.org/LIBRARY/Enc/GreatDepression.html, February 2007.Wheeler, Mark. The Economics of the Great Depression. W.E. Upjohn Institute for Employment Research, WesternMichigan University, 1998.References (Pictures)"Stock Market Crash." Web. 2 Dec 2009. . "Unpredicted Stock." Web. 2 Dec 2009. . "bank-run." Web. 2 Dec 2009. . "The Great Depression." Web. 2 Dec 2009. . "Franklin Delano Roosevelt Receives a Standing Ovation." Web. 2 Dec 2009. ."FDR's New Deal." Web. 2 Dec 2009. . "Wagner act." Web. 2 Dec 2009. . "wpa image." Web. 2 Dec 2009. . "Signing the act." Web. 2 Dec 2009. . "blacks in the recession." Web. 2 Dec 2009. . "united we stand." Web. 2 Dec 2009. .