Causes of Uneven Wealth Distribution
The causes of wealth inequality depicted through images, showcasing issues like stock speculation, overextension of credit, and buying on margin. The visuals highlight the repercussions of uneven wealth distribution on the economy, emphasizing risks associated with high-reward investment practices.
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Presentation Transcript
Causes of Alphabet Hoover New Deal Hodge $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500
1% of the population controlled 40% of the nation s wealth 1% of the population
Uneven distribution of wealth Uneven
Investing in a stock solely based on idea it will raise in value quickly; high risk/high reward Investing in a stock
Stock Speculation Stock
Created by Installment buying; enjoy now, pay later Created by
Overextension of credit Overextension
Investors would purchase a stock for only a fraction of its price and borrow the rest Investors would purchase a
Buying on Margin Buying on Margin
The combination of unpaid loans and many bank runs led to these The combination of
Bank Failures Bank
Regulates the stock market Regulates the
Securities Exchange Commission (SEC) Securities & Exchange
Protected bank accounts of citizens for up to $5,000 Protected bank
Federal Deposit Insurance Corp. (FDIC) Federal Deposit
Employed 9 million workers from construction to the arts Employed 9
Works Progress Administration (WPA) Works Progress
Dams flood controls built across 7 states to provide cheap hydro powered electricity Dams & flood controls
Tennessee Valley Authority (TVA) Tennessee Valley
Protected the price of crops; provided farm subsidies and the prevention of soil erosion Protected the price
Agricultural Adjustment Act (AAA) Agricultural
His campaign strategy in 1932 His campaign
stay the course Prosperity is right around the corner FDR will make things worse stay the course
Name for collection of man made shacks or shantytowns during the Depression Name for collection of
Hooverville Hooverville
This created the highest import tax in history This created the
Hawley-Smoot Tariff Hawley Smoot
This was set up in 1932 and gave aid to railroad companies and insurance companies; Provided indirect aid to people This was set up in 1932
Reconstruction Finance Corp. Reconstruction
His theme song His
Brother, can you spare a dime Brother, can
Another name for leaders who manipulate people with half-truths, deceptive promises, and scare tactics Another name for eaders who manipulate people with half truths,
Demagogues Demagogues
Critic who believed nations entire economic system needed reform; ran for Gov. of California in 1934 under platform of End Poverty in California Critic who believed nations entire economic
Upton Sinclair Upton
Name 2 criticisms of the New Deal Name 2 criticisms
Gave government too much power Borrowed too much money Didn t do enough for women, minorities and the elderly Gave government too much power
Senator from Louisiana who developed the Share Our Wealth program Senator from
Huey Long Huey Long
This radio priest believed in nationalization of banks, praised Adolf Hitler, and was eventually ordered to stop broadcasting by Roman Catholic officials This radio priest believed in nationalization of banks,
Charles Coughlin Charles
One of FDRs most important colleagues; reported to FDR on conditions in the country and effects of his programs One of FDR s most important colleagues; reported to FDR
Eleanor Roosevet Eleanor
