Essential understandings:
1. The Great Depression and the New Deal dramatically changed the lives of most Americans and began to change both their understanding of the economic system and the role of government in American life.
Failure of banks & businesses:
Number of U.S. Failed Banks: 9,000
Lost $: Approx. $7,000,000,000
Lost $: Approx. $7,000,000,000
Bank Run scene from, "It's a Wonderful Life"
- Unfortunately, most banks in America were not this lucky... |
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Unemployment: |
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VS. |
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Note: Unemployment during the "Great Recession" from 2007 - 2009
Breadlines & hoovervilles:
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