Causes of great depression class 10

The term New Deal derives from Franklin Roosevelt’s 1932 speech accepting the Democratic Party’s nomination for president. At the convention Roosevelt declared, “I pledge you, I pledge myself, to a new deal for the American people.” Though Roosevelt did not have concrete policy proposals in mind at the time, the phrase "New Deal" came to encompass his many programs designed to lift the United States out of the Great Depression. 1 ^1 1 start superscript, 1, end superscript Roosevelt’s New Deal expanded the size and scope of the federal government considerably, and in doing so fundamentally reshaped American political culture around the principle that the government is responsible for the welfare of its citizens. As one historian has put it: “Before the 1930s, national political debate often revolved around the question of whether the federal government should intervene in the economy. After the New Deal, debate rested on how it should intervene.” 3 ^3 3 cubed At the time of Roosevelt’s inauguration on March 4, 1933 the nation had been spiraling downward into the worst economic crisis in its history. Industrial output was only half of what it had been three years earlier, the stock market had recovered only slightly from its catastrophic losses, and unemployment stood at a staggering 25 percent. 4 ^4 4 start superscript, 4, end superscript The First New Deal began in a whirlwind of legislative action called “ The First Hundred Days.” From March through June 1933, at Roosevel...

The stock market crash significantly reduced consumer spending and business investment. Consequently, U.S. GDP decreased dramatically in the first years of the Great Depression, dropping from $104.6 billion in 1929 to $57.2 billion in 1933. In comparison, GDP declined just 2% at the height of the Great Recession between 2008 and 2009. • The Great Depression was a worldwide economic depression that lasted 10 years. • There is no universally agreed-upon explanation for why the Great Depression happened, but most theories cite the gold standard and the Federal Reserve's inadequate response as contributing factors • GDP during the Great Depression fell by nearly half. • A combination of the New Deal and World War II lifted the U.S. out of the Depression. Unemployment Reached 25% The Great Depression affected all aspects of society. By its height in 1933, unemployment had risen from about 3% to nearly 25% of the nation’s workforce. Some workers that kept their jobs saw their wages fall, many others had to work lower paying jobs that they were often overqualified for. From 1929 to 1932 the U.S. gross domestic product was nearly cut in half, dramatically decreasing from $104.6 billion to $57.2 billion, partly due to deflation. The Life During the Depression The Depression caused many farmers to lose their farms. At the same time, years of over-cultivation and drought created the “Dust Bowl” in the Midwest, destroying agricultural production in a previously fertile region. Thousan...

Digital History CURRENT VIEW: BY ERA Display Information Overview of the Great Depression Digital History ID 2921 The Great Depression was steeper and more protracted in the United States than in other industrialized countries. The unemployment rate rose higher and remained higher longer than in any other western country. As it deepened, the Depression had far-reaching political consequences. The Depression vastly expanded the scope and scale of the federal government and created the modern welfare state. It gave rise to a philosophy that the federal government should provide a safety net for the elderly, the jobless, the disabled, and the poor, and that the federal government was responsible for ensuring the health of the nation's economy and the welfare of its citizens. The stock market crash of October 1929 brought the economic prosperity of the 1920s to a symbolic end. For the next ten years, the United States was mired in a deep economic depression. By 1933, unemployment had soared to 25 percent, up from 3.2 percent in 1929. Industrial production declined by 50 percent, international trade plunged 30 percent, and investment fell 98 percent. Causes of the Depression Causes of the Great Depression included: insufficient purchasing power among the middle class and the working class to sustain high levels of production; falling crop and commodity prices prior to the Depression; the stock market's dependence on borrowed money; and wrongheaded government policies, including...

• ISN Table of Contents • Unit 13: Civil Rights Movement • Unit 12: Cold War • Unit 11: World War II • Unit 11: World War II • Unit 10: Great Depression • Unit 9: The Great Depression • Unit 9: The Great Depression • Unit 8: 1920s • World War I • Unit 7: Urbanization and Immigration • Unit 6: Civil War • Unit 5: Antebellum Era • Unit 4: Early Republic • Unit 3: A New Nation • Unit 2: Road to the Revolution • Documents and Handouts • • • Lesson 1: February 13, 2014 Title: Video: Stormy Weather TSW: Identify the cause and effects of the Great Depression. EQ: How did the Great Depression change American society in the 1930s? Assignment: Watch the video American Century: Stormy Weatherand answer the accompanying questions. Attach questions in your ISN and complete a student choice left side activity. Answer the EQ in a 6-8 sentence paragraph at the bottom of your left page. Lesson 2: February 14, 2014 Title: Great DepressionVocabulary TSW: Define key names and terms associated with the Great Depression EQ: N/A Assignment: Finish the video American Century: Stormy Weatherand answer the accompanying questions. Complete the left side activity for the video, then work on the Key Names and Terms for the Great Depression. Attach the vocabulary sheets in your ISN. Lesson 3: February 18, 2014 Title: Causes of the Great Depression TSW: Identify and summarize the SIX main causes of the Great Depression. EQ: How did the economic problems prior to the stock market crash contribute to the ...

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • search close Author bio The Optimistminds editorial team is made up of psychologists, psychiatrists and mental health professionals. Each article is written by a team member with exposure to and experience in the subject matter. The article then gets reviewed by a more senior editorial member. This is someone with extensive knowledge of the subject matter and highly cited published material. This article will discuss how over speculation caused The Great Depression. For that, the article explained what The Great Depression was, and what were the other causes of it. The Great Depression was a period between 1929 and 1939 in which the American economy went on a downturn, causing a huge effect all over the world. It was the highest economic crisis in the Western world. Although it started in the United States because of a program called the golden standard, that handled the currency exchange through each country, all the other countries in the world were affected. But differently than Europe and America were extremely affected, in Asia and Latin America, there was only a mild effect. It had many economical effects such as the ...