2.4 The great depression

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Slide 1 - Vidéo

The

Great Depression

The Roaring Twenties

Slide 2 - Diapositive

Harding.

Return to normalcy

Coolidge

Business of America is business

Hoover

Two cars in every garage

Roosevelt

The only thing we have to fear is fear itself

Slide 3 - Diapositive

Roaring twenties

In America there was blind faith in the economy. Thanks to economic growth, prosperity would soon be available to everyone.

Slide 4 - Diapositive

The assembly line resulted in more and cheaper production, which means that

wages can rise
An increase in purchasing
More demand for products.

Slide 5 - Diapositive

Slide 6 - Vidéo

The stock market

Farmers and companies borrowed money to invest.
Credit was used to buy stocks on the stock market.
The Stock market crashed on Black Thursday 1929.
The borrowed money couldn't be paid back.
Companies, factories and banks went bankrupt.
Many people lost their jobs

Slide 7 - Diapositive

Resultaat: grote armoede (hoovervilles)

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The New Deal

President Roosevelt changed politics in the USA by starting an active government intervention called the New Deal.

Slide 12 - Diapositive

He made large projects to give the people a job

Slide 13 - Diapositive

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