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Great Depression
- 1. The Great Depression NEW DEAL
- 5. Causes of the Depression Fewer goods are sold . Demand drops. In order to stay in business companies cut wages People lose their confidence & start saving their money Demand drops even further. Companies are forced to cut costs by laying people off The Spiral Of Depression Even more people Lose their confidence And spend less money People lose their jobs.
- 12. People waiting in line for bread and soup and also living out of their car.
- 27. The Election of 1932 Hoover FDR
- 28. What were we thinking?
- 36. Reversing the Spiral of Depression Cycle of Prosperity! Democrats called this Process ‘ Pump Priming’ Government Spending $ Alphabet Agencies More Jobs More Spending Demand for goods increases More goods have to be produced More people with Jobs = more pay $ More Spending Demand for goods increases More goods have to be produced More Jobs More Pay = More Taxes
- 37. FDR and the Supreme Court
- 43. Social Security Act of 1935
- 44. How is Social Security funded? Social Security Trust Fund Workers Employers
- 45. Social Security Unemployment Insurance Old Age Pension Dependent Families + Disabled
- 46. Election of 1936
- 47. Movies