The Great Depression Flashcards
The Great Depression
a. People become desperate
i. Bonus Army
b. Lost faith in President Hoover,
i. “Hoovervilles”
c. Election of Franklin Roosevelt(1932)
i. Immediately declares a “bank holiday”…closed all of them for 4
days, evaluated them, and then only allowed for the secure ones to
re-open
ii. FDR calms the people (fireside chats)
iii.Convinces the people who have cash to in-vest it in the re-
opened, secure banks
iv. In one week, Americans return over $600 million to the banks
d. Dust Bowl
i. In the mid-1930s, the plains states were experiencing
conditions that had lasted years
ii. High winds created dust storms that buried farms over a 50-
million acre region
iii. Many farmers packed up and headed west to California
looking for work (Route 66)
iv. These refuges however, soon overcrowded the CA towns and
created new problems
C. New Deal-Roosevelt’s program to end the Great Depression (1933
& 1935)
1.Three Goals
a.Relief… Programs to meet the needs of the hungry &
unemployed
b.Recovery…Programs to help agriculture & industry
c.Reform…Change the way the US economic worked
