Destiny`s Project

Great Depression and the New Deal

Causes and Effects of the Depression 1929-1933

The Wall Street Crash, began in late October 1929 and was the most devastating stock market crash in the history of the U.S. when taking into consideration the full extent and duration of its fallout. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries. The crash was a result of overproduction of goods, unequal distribution of wealth, credit and the stock market and the Tariff Policy.

The effects of the Wall Street Crash were starved people, businesses became bankrupt and unemployment rose.

Hoover`s Policies

Hoover argued against the government's taking the sort of laissez faire approach. Hoover supported law programs that offered assistance to indebted farmers and struggling businesses. Some workers were unemployed and decided to take matters into their own hands by having strikes, marches, and boycotts. The Election of 1932, Franklin D. Roosevelt was the winner.

Franklin D. Roosevelt`s New Deal

Franklin D. Roosevelt was a democrat. His plan for ending the depression came in the 3 R`s: relief for people out of work, recovery for business and economy as a whole, and reform of American economic institutions. During the First Hundred Day congress passed into law every request of pres. Roosevelt. Other programs of the First New Deal included CWA.

The Second New Deal

The relief programs were to help citizens. Reforms was the belief that workers and farmers needed to receive more government help than business members. The social security act would send money to retired people monthly. Roosevelt was reelected in 1936.
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