Impacts of the New Deal on South Carolina

A period of economic success and an improving economy

The worst economic catastrophe in U.S. history

A period of time that witnessed American involvement in violent foreign wars

A hotly contested presidential election

Americans bought less, causing less demand for goods

Bank runs caused depositors to withdraw all their money from banks

The market bubble popped, crashing Wall Street

Low interest rates encouraged risky speculation

Risky speculation on Wall Street

When bank depositors withdraw all their money

A period of economic downturn

A period of economic upturn

Growing too few crops

Overproduction of crops and costs of machines

Expensive land and not enough workers

The Wall Street Crash

Huge amounts of inflation

War in Europe

Investors unable to pay loans and bank runs

Not enough people invested in the Stock Market

Only wealthy Americans invested in the stock market

Investors inflated prices, and then sold shares very cheap, losing money

Investors refused to invest in the stock market

Investors bought shares cheap, and then sold stocks at a high price

A very hands-on government

Mostly hands-off government

Largely unable to better economic conditions

Created many New Deal programs

Very active hands-on gov't with business

Mostly hands-off gov't with business

Created many New Deal Programs

Created a tariff that hurt American economy

Revert, Reduce, Recover

Restore, Recover, Readjust

Relief, Recovery, Reform

Reform, Restore, Reclaim

A series of government-funded bail outs

A series of federally funded public works programs

A hands-off approach to business and the economy

A series of voluntary business recovery acts