The Great Depression

1. 1929

1.1. Stock Market Crashed

1.2. Great Depression would last till 1942

2. Stocks

2.1. Buying and selling stocks to make quick money

2.2. Stock Value increased

2.3. Gave false sense for America in security

3. Panic Selling

3.1. Many Banks called in loans

3.2. Bankers panic

4. Economic Cycle

4.1. Unemployment Went Up

4.1.1. 42% Below poverty line

4.1.2. In 1932 1 of 4 was unemployed

4.1.3. National income was 50% of what it had been in 1929

4.2. Purchasing Power Productivity went down

4.3. Farmers refused to sell milk at low prices

5. The New Deal

5.1. Banking Holiday

5.1.1. Banks shut down until they are "healthy"

5.2. Nationalization vs. Privatization

5.3. Agricultural Adjustment Act

5.3.1. Passed in 1933 to Aid farmers

5.4. Civilian Conservation Corps

5.4.1. Set to establish work for young men in 1933