Great Depression
Storyboard Text
- This is not gonna be good.
- The Stock Market has crashed!!
- We have to close our banks because no one is bringing in money because they're all becoming unemployed!
- Bank Failure !!
- My wife is pregnant. We can't afford this!
- What are we gonna do! We're all gonna be unemployed!
- There's 15 million of us unemployed! No one can afford this!
- I am your new President Franklin D. Roosevelt
- The only thing we have to fear is fear itself!
- We NEED jobs!
- Roosevelt sought to reform the financial system, creating the Federal Deposit Insurance Corporation (FDIC) to protect depositors’ accounts and the Securities and Exchange Commission (SEC) to regulate the stock market and prevent abuses of the kind that led to the 1929 crash.
- Tennessee Valley Authority (TVA), which built dams and hydroelectric projects to control flooding and provide electric power to the impoverished Tennessee Valley region, and the Works Progress Administration (WPA), a permanent jobs program that employed 8.5 million people from 1935 to 1943. Congress passed the Social Security Act, which for the first time provided Americans with unemployment, disability and pensions for old age.
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