The Gret Depression and the “New Deal”.pptVIP

The Great Depression and the “New Deal” How the greatest economic crisis in American history shaped American politics, culture and society I. The Stock Market Crash Republican responsibility for the economy Stock market outraces real economic growth The problem of buying stock “on margin” Public concern over the stock market by 1929 The crash “Deflationary Psychology” II. The Great Depression Initial governmental optimism Catastrophic unemployment figures Urban poverty, especially for immigrants, is the worst State and local governments as well as private charities can do little II. The Gre