The Great Depression
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Transcript The Great Depression
THE GREAT DEPRESSION
Grade 7
Social Studies
Unit: 4 Lesson: 2
©2012, TESCCC
CAUSES: THE GREAT DEPRESSION
The Stock Market is a place people buy (invest) money in
companies in hopes that they will earn more money.
October 29, 1929 – known as Black Tuesday – the stock
market “crashed” (stopped working to make people money).
Banks failed and people lost all their money.
Drought (no rain) conditions in the central U.S. caused
agriculture to fail.
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EFFECTS: THE GREAT DEPRESSION
$26 billion that had been invested in
the Stock Market was lost!
25% of people in the U.S. were
eventually unemployed.
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EFFECTS: THE GREAT DEPRESSION
In 1930 Texans did not feel the impact right away.
Many Texans had farms or worked on farms, so
they could grow food and not go hungry.
The oil industry was still flourishing.
Construction was still growing.
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EFFECTS: THE GREAT DEPRESSION
However, in 1931, oil prices fell.
As the depression worsened across the United
States in 1931 and 1932, Texans eventually had to
recognize that the Great Depression was a
worldwide economic crisis.
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EFFECTS: THE GREAT DEPRESSION
Banks closed and people
lost all their money, and
some families found
themselves homeless.
Cotton prices dropped
to 5 or 6 cents a
pound.
People lost their farms
and their jobs.
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HELP: THE GREAT DEPRESSION
Private charities were
set up to help the
poor.
In major cities, soup
kitchens and bread
lines began to spring
up where the
homeless and
starving could be fed.
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HELP: THE GREAT DEPRESSION
Civilian Conservation Corps, (CCC)
Government funded work relief program for young
men
Built recreational parks and worked in forest and
soil conservation projects
Workers were given food, shelter, and $30 a month.
Workers lived in barracks much like a military camp.
$25 had to be sent home to their families.
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HELP: THE GREAT DEPRESSION
Public Works Administration
(PWA)
Government funded work relief
program for unemployed men
Hired to build canals, tunnels,
bridges, highways, streets, sewage
systems, as well as hospitals,
schools, and universities
Housing was built for people in
poverty.
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Fort Peck Dam, MT – a PWA
project in 1936
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HELP: THE GREAT DEPRESSION
Works Progress Administration (WPA)
Government agency that hired workers to build
public buildings and roads
Employed artists, writers, actors and directors in
large arts, drama, media, and literacy projects
600,000 people in Texas were helped by the WPA.
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Dorthea Lang
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THE GREAT DEPRESSION
When World War II began, the effects of The
Great Depression began to decline.
Millions of workers were hired to work in the
factories that built war materials such as
airplanes, guns, tanks, and ammunition.
Due to 17 million people being employed in the
war effort, the economy began to improve.
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