The great depression
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- 1929-1939great depression
- #2. Banking Crisis. -People deposit money in banks for safe-keeping
- #3. Overproduction. -Industry thrived in the 1920s because of mass production
- #1. Stock Market Crash. -Throughout the 1920s, people invested in the stock market in hopes of making money
- About a year later, Hoover acknowledged the Depression. He again spelled out his commitment to voluntary, community-based solutions. However, he also pointed out that the federal government was working to promote people’s well-being through large-scale public works projects.
- as stocks continued to fall during the early 1930s, businesses failed, and unemployment rose dramatically banks failed and life savings were lost, leaving many Americans destitute. with no job and no savings thousands of Americans lost their homes
- The had acted like nothing happened many tried to keep up appearances and carry on with life as close to normal as possible while they adapted to new economic circumstances. Households embraced a new level of frugality in daily life.and here are some programs of the new deal read down
- Reconstruction Finance Corporation (1932) ...National Industrial Recovery Act (1933) ...Agricultural Adjustment Act (1933, Reauthorized 1938) ...Electric Home and Farm Authority (1934) ...
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