Great Depression and New Deal Overview

Great Depression•Time period from 1929-1941 of U.S. economic decline with high unemployment and poverty

Causes• Short Term—Stock Market

Crash (10/29/1929)• Long Term—False

Prosperity; economy not doing as well as people thought during the 1920s.

Impact of Depression•High unemployment•High poverty rates

Dust Bowl & Impacts• Dust Bowl—result of a great drought in the plains during the early 30s.

• Impact—people leave area looking for other opportunities.

New Deal & Goals• New Deal—Roosevelt’s program to revive the economy.

• Goals—Economic recovery, relief for needy, financial reform

Impact on Gov’t• New Deal led to massive growth of federal government.