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Business cycle periods in which a nation's economy grows, then contracts.Line of people waiting for food handouts from charities from the government support.FDR's radical philosophy: if you are poor, it's not your fault, the gov will help b/c it's the gov's problem. This decision helped regulate stock markets and extra help for the people who were poor.

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The Cause and Effects of the Great Depression

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The Cause and Effects of the Great Depression

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The great depression happen because of the government settle those unfair rules for the people. This affected society to lose their jobs money, homes,  Unemployment reached 25% of US population,Income in your pocket was cut in half.

Almost 6000 banks closed = lost $$ & no lending,Families forced to move in together, Marriage & birth rate declined.

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The society impact was an unfair change that contact harm to the society. This Impacted some families by putting children in orphanages to keep them from starving. Jobless people sometimes hopped freight trains to look for jobs and food. This happen because the government wanted a change things.

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The dust bowl dust storms that greatly damaged society. This affected  businesses and banks closed ,high unemployment,Lasting effects of the Great Depression, FDIC insures banks,FDR's new deal,migrant workers and farmers went bankrupt.

This happen because after Black Sunday, an Associated Press reporter used the term "Dust Bowl" for the first time. "Three little words achingly familiar on the Western farmer's tongue, rule life in the dust bowl of the continent – if it rains." The term stuck and was used by radio reporters and writers, in private letters and public speeches.

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The stock market crash of 1929 was an act where stock prices drop dramatically. It affected many businesses and people. This happen because there was to any products and nobody able to buy them.The stock lost value in the companies.

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Bank and Business Closings/Failures
They lost their bank deposits,thousands of businesses went bankrupt,Unemployment rose to 25% in 1933.Factories could not borrow money. No demand for products = lay off people who no longer have $$. Because of the crash the government made a big change for the people.