Causes of the Great Depression 1.Overproduction of agricultural and industrial goods 2.Excess Consumerism 3. Expansion of Credit 4.Financial Speculation/Buying.

Causes of the Great Depression1. Overproduction of agricultural and industrial goods

2. Excess Consumerism

3. Expansion of Credit

4. Financial Speculation/Buying on Margin

5. Rising Unemployment

6. Agricultural crop failures

7. Tariff Barriers/Hawley-Smoot

8. Laissez Faire Policy

9. Stock Market Crash

1. High Unemployment/widespread poverty/worldwide

2. Business failure/bankruptcy/foreclosure

3. Hoovervilles

4. Bonus Army

5. Democratic Victory in 1932

6. Migration

7. Excess inventory/decrease in production/decrease in price level

8. Religious Revivalism

Hawley-Smoot Tariff

Representative W.C. Hawley, and Senator Reed Smoot shake hands in agreement on new tariff bill Senator Reed Smoot shake hands in agreement on new tariff bill

“The government that governs least, governs BEST!!!”

A great national migration began. Displaced Americans took to the highway with the last

possession they had with them, their automobile.

New Deal Programs designed to combat the Great Depression

1.

May 2005 map of TVA sites; Key: red: dam purple: nuclear orange: fossil

2. Tennessee Valley Authority (TVA)

President Franklin D. Roosevelt signs the TVA Act

3.

AAA

4.

5.

National Recovery Administration (NRA)

6.

7.

8.

9. Works Progress Administration (WPA)

10. Social Security Act

11. Fair Labor Standards’ Act