The Great Depression & the New Deal 1929-1941

 8.E.1.1 - Explain how conflict, cooperation, and competition influenced periods of economic growth and decline.
8.C&G.2.1 - Evaluate the effectiveness of various approaches used to effect change in North Carolina and the United States
8.C&G.2.2 - Analyze issues pursued through active citizen campaigns for change
8.G.1.3 - Explain how human and environmental interaction affected quality of life and settlement patterns in North Carolina and the US.
8.H.2.1 - Explain the impact of economic, political, social, and military conflicts on the development of North Carolina and the United States.
8.H.3.3 -  Explain how individuals and groups have influenced economic, political and social change in North Carolina and the United States.

THE GREAT DEPRESSION

The Great Depression was an economic crisis. The most studied period in american history. It  was most sense between 1932 and 1933. Some 6,000 street venders walked the streets of New York City in 1930 trying to sell apples for 5 cents each. President Herbert Hoover's name became a nickname for hardships faced by many. Soup was called Hoover Stew and shantytowns made of cardboard and sheets were called Hoovervilles. Zippers became widely used because buttons became too expensive. In the 1920s the wealthiest one percent owned more than a third of American assets. Because the money was so low the U.S. didn't mint nickels in 1932 or 1933.  When stock market was a prominent practice. Banks lent money to investors to buy stock. Nearly $4.00 out of every $10.00 borrowed from the banks was used to buy stock. The stock market didn't return to pre-depression levels until 1954. The average income of the American family dropped by 40 percent from 1929 to 1932. Income fell from $2,300 to $1,500 per year. When roosevelt took office he blamed the investors and the banks for lending money to the investors. President roosevelt was a hero to some because helped the American people regain faith in themselves. He brought hope as he promised prompt vigorous action and asserted in his Address, "the only thing we have to fear is fear itself”.

Great depression Class Notes Links to an external site.Do not submit any google forms! We will go over these as a class using google meetings on __________. You must be present to get the answers and full notes.