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Great depression

QuestionAnswer
Causes of Great Depression Overproduction, over borrowing, uneven distribution of wealth, collapse of banks
Effects of Great Depression Banks and business fail, unemployment, hungry/homeless, struggling farmers, dustbowl, world-wide-depression
Collapse of Banks Bad loans → Stock Market Crash → Banks Fail → Business Fail
Bank Holiday All banks were closed for 4 days, only banks with enough $ to meet depositors demands could reopen. Creation of the FDIC
100 Days March 9 - June 16, 1933, Congress passes 15 new major laws
Dust Bowl Spread from South Dakota to Texas, made worse by overgrazing and over plowing
Civilian Conservation Corps Employed single men 18-25, paid $1 per day Planted trees, built bridges, dams, parks
Agricultural Adjustment Act Government paid farmers to not grow certain crops Government paid farmers to destroy surplus animals/crops
Tennessee Valley Authority Remade the Tennessee Valley by building 49 dams and deepening rivers New forests, hospitals, schools
Created by: Avent
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