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Great Depression by Mind Map: Great Depression
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Great Depression

This is just a demo map that you can delete right away, if you feel like it...

Stock Market Crash

Stock Speculation

people would buy and sell stocks quickly to make a quick buck

Buying on the Margin

Paying only ten percent for stocks

Manic Selling

Everyone tried to sell out at the same time, and it all fell through.

Ripple Effect

Effected everyone, of every class

Economic Cycle

Tues. Oct. 29th, 1929

Unemployment

Overproduction

Too much of a product, with not enough people to buy it.

Hoover Moratorium

put a temporary stop to war debt & reparations payments

Tariff Wars

Government passed a high tariff to get countries to buy from the US.

Global Economy

in retaliation other countries passed high tariffs and no foreign markets purchased American goods, so U.S. productivity decreased again

The New Deal

Banking Holiday

Banks were shut down and inspected., People regained confidence in their banks

Gold Standard

Government could print more money than the gold reserves would allow.

Acts

Social Security Act

unemployment insurance, old age pensions

Took money out of circulation

Only helped the unemployed

Agricultural Adjustment Act

passed in 1933 to aid formers- its objective was to restore farmers' purchasing power and to restore the family farm, food production down when millions were starving, Black sharecroppers were hurt: white landowners paid not to farm so they got rid of Black tenant formers

in 1935, AAA was declared unconstitutional by courts (too much control over individual states), so it was revised and introduced as new legislation

Food Stamp Act of 1939

gave away surplus food to poor, also guaranteed (small) farmers a market

Federal Emergency Relief Act

aimed at older workers

National Labor Relations Act

it legitimized unions and labour tactics such as collective bargaining & collective action

Outlawed blacklists