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EMERGENCY BANKING ACT- FED additional powers; off the gold standard. ECONOMY ACT- balancing budget. AGRICUTURAL ADJUSTMENT AGENCY (AAA)- raise farm prices; subsidies. GLASS-STEAGALL BANKING ACT- prevents banks from underwriting securities and established the FDIC. NATIONAL RECOVERY ACT OF 1933- established minimum wage, wage hours, prevented child labor; industrial production rose 22%. FEDERAL EMERGENCY RELIEF AGENCY (FERA)- loans to states for jobs; established the Civil Works Administration (CWA); declared unconstitutional by SCOTUS in 1935

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Economic growth in U.S. in ‘20s dragged Canada out of postwar slump. Demand for Canada mining resources plus pulp and paper. Auto was stimulus to Canadian economy. In last years of ‘20s agriculture rebounded. Imports fell by 25%; exports fell by 55%; wheat prices decreased by 75%; unemployment 27%; 20% of Canadians needed government relief

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International break from formalism and modernism also worked to produce a popularized, socially conscious tendency in American art. The Great Depression not only led to funding to the arts but as well as a new way of thinking of how to express the social experience of the Depression itself

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The US was heavily invested in Latin America and since the stock market crashed those investments to end, left Latin America broke. Chile, Peru, and Bolivia were, according to a League of Nations report, the countries worst-hit by the Great Depression. The rise of fascism also became apparent in Latin American countries in the 1930s due to the Great Depression. Supply of good were outstripping demand- leading to Depression

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More than two million women and men faced unemployment and homelessness. The economic condition forced women to go out and became the breadwinners of the family since their husbands lost their jobs.

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They were the first to be laid off from their jobs, and they suffered from an unemployment rate  two to three times that of whites and they often received substantially less aid than whites,

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The Japanese attack on Pearl Harbor in December 1941 led to America’s entry into World War II, and the nation’s factories went back in full production mode.

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3rd phase- 1933-1937; period of recovery

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3rd phase- 1933-1937; period of recovery

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NATIONAL RECOVERY ACT OF 1933- established minimum wage, wage hours, prevented child labor; industrial production rose 22%.
The Tennessee Valley Authority (TVA) helped employ 8.5 million people from 1935-143.

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2nd Phase- 1929-1933; Panic to deep depression

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2nd Phase- 1929-1933; Panic to deep depression

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Major cities saw unemployment rise above 50% in 1932.

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On october 29, 1929 Black Tuesday had hit Wall Street as investors. Billions of dollars were lost, wiping out thousands of investors. The aftermath of this was that America and the rest of the world spiraled downward into the Great Depression.

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Impact of GD on African Americans and Women

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Impact of GD on African Americans and Women

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Political and Economic Causes of the GD in the US

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Political and Economic Causes of the GD in the US