Release time：2020-10-08

Great Depression

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Edited at 2020-10-08 08:06:39

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Great Depression

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Outline

Great Depression

Reform

Economy

Government interventions withspending

America became Arsenal ofDemocracy

Social Reform

Government wasn't expected tobe involved in any economiccrisis.

FDR helped reformed America

Social Security Act

Creeping Socialism

Welfare State

unemployment insurance andold age pension

CCC/ NYA

Civilian Conservation Corps/National Youth Admin

1933

Gave work to young men, ages 18 25

Franklin D. Roosevelt

The New Deal

Roosevelt ordered this and had the banksshut down and inspected until people'sconfidence in the government returned

Security Exchange Commision

The stock market reform

Gold Standard

Government couldn't makemore money than the FortKnox gold reserve couldallow

Inflation

Dollar value decreased andgovernment gained money.

Unemployment

Unemployment increased andthe government didn't help.

Product Conductivity decrease,causing more people to lose theirjobs.

With more people unemployed,the purchasing powerdecreased more and so didproduct conductivity.

This is The Economy Cycle

1940

Election FDR ran again

World War

America wanted to remain neutral

But also wanted to supportGreat Britian

Isolationist Foreign Policy

New Deal Legislation want this

FDR won election again

Poor

The poor people became evenmore poor

42% of America was under thepoverty line

Before the Crash

# [Before the Crash](https://mm.tt/1607334750)

A lot of investment in stocks

Banks were quick to give loansto investors

Buying on Margin

Investors only had to pay 10% ofthe stock's actual value duringthe time of purchase.