Hoover s Empty Promises We in America are nearer to the final triumph over poverty than ever before
|
|
- Madeleine Greer
- 5 years ago
- Views:
Transcription
1 Dealing with the Depression The Presidencies of Hoover and FDR Hardships of Depression Evictions and homelessness Shacks are created Soup kitchens and breadlines increase Deportation of Mexicans Land foreclosures on farms 300,000 transients wandering country Health problems for children Falling tax revenue Suicide rate rose 30%; 3x people in mental health facilities Election of 1928 Hoover (Republican) Successful Engineer/Businessman Secretary of Commerce under Harding and Coolidge Republicans dominate during times of Prosperity Review: Rugged Individualism Al Smith (Democrat) Seasoned politician Hoover Wins Hoover s Empty Promises We in America are nearer to the final triumph over poverty than ever before A chicken in every pot and a car in every garage Hoover s Reassurance Any lack of confidence in the economic future is foolish. Trusted that depressions were part of economic cycle- wait for recovery Hoover supported some gov t help Hoover s Efforts No direct relief or federal welfare Against philosophy- would reduce one s self-respect Rugged Individualism Private firms and individuals, not gov t, should assist Asked employers not to cut wages; Laborers to avoid strike Boulder Dam (now Hoover Dam- 6:20) Funded by dam s own profits Hoover Dam Employed workers Provided water to an entire region Hydroelectricity 1
2 Las Vegas, Nevada Democrats win 1930 Elections Use anti-hoover sentiment: Taking Action- Too Little Too Late? Federal Farm Board Help raise prices- Why? National Credit Corps Largest banks loan money to smaller banks **1932** (Why the push in this year?) Federal Home Loan Bank Act Lowered mortgage rates and allowed refinance on farms to avoid foreclosure Reconstruction Finance Corps Emergency financing for banks and big corporations to trickle down - how does this work? The Bonus Army (1932) 10-20,000 veterans and their families marched on Washington to receive relief early (Patman Bill) Supposed to receive compensation for wartime services in 1945 Push to receive $500 immediately Congress voted down Patman Bill Hoover ordered them to leave Major Eisenhower and General MacArthur used tear gas 11 month old died; 8 year old partially blind; 2 shot Well this will elect me - FDR Gassing the Bonus Army (July 1932) FDR is Elected (1932) Combatted unemployment and poverty as NY Governor Inauguration in March = 4 month lame duck Changed in th amendment Worked with advisers (Brain Trust) Three goals 1. Relief for those in need 2. Economic Recovery 3. Financial Reform The First Hundred Days Period of intense activity (3/9/32-6/16/33) 15 pieces of New Deal legislation- expanded govts power National Banking Holiday (3/5/32) to prevent withdrawals Emergency Banking Relief Act- some could reopen after Treasury investigated Fireside Chats (1:22) We have provided machinery it is up to you to support it and make it work Regulating Banking and Finance Glass-Steagall Act of
3 Established FDIC (Federal Deposit Insurance Corporation)- Insures deposits up to $250,000 today Federal Securities Act Corporations needed to provide info on stock offerings so they were not misrepresented Securities and Exchange Commission (SEC) Created to regulate stock market Prohibition repealed by 21 st amendment (1933) How might this help government? Agricultural Adjustment Act (AAA) Gov t paid farmers to leave portion of land unseeded Would reduce crops, driving supply down and price up Incentive to destroy crops and pigs in order to keep supply low? Remember: people are starving! Done to help farmers (recall how farm failures hurt economy) Tennessee Valley Authority Renovated 5 dams, created 20 new dams Provided jobs, flood control, and power Civilian Conservation Corps (CCC)- ( ) 3 million yr old men employed Build roads, parks, trees (reforestation in Dust Bowl) Public Works Administration (1933) Part of the National Industrial Recovery Act (NIRA) Built schools (40,000), community buildings Paid teachers, artists, etc. National Recovery Administration Set prices; minimized wage cuts, lay offs NIRA guaranteed workers right to unionize and bargain Intention: Fair competition Criticized: Too much gov t control? Protecting homeowners Home Owners Loan Corporation Gov t loans to homeowners facing foreclosure National Housing Act Fed. Housing Admin. provided loans for mortgages Federal Emergency Relief- $500 mil direct relief How are these programs funded? FDR under attack for deficit spending Spending more $$ than the budget provides for 3
4 Was not in favor, but called it necessary evil ? How would his liberal and conservative critics react? Supreme Court Reacts NIRA struck down in outside of Fed Gov ts control AAA struck down- agriculture is local = state gov t FDR reacts by trying to appoint new judges- why? 9 on Supreme Court- wants 6 more in court-backing bill 7 retired anyway- didn t need bill **Challenge to checks and balances???? Second New Deal The Second Hundred Days Review: What were some of the acts passed in the first 100 days? Won re-election in 1936 Democrat majority in Congress- what does this mean for politics? Encouraged by his wife, Eleanor Roosevelt Do her qualities remind you of any current politician? Declaration of Human Rights (1948) Second New Deal AAA replaced by various acts to help farmers Why would he now be able to pass this new legislation if it had already been shot down?: Soil Conservation and Domestic Allotment Second Agricultural Adjustment Act (1938) Resettlement Admin Farm Security Admin Rural Electrification Act (90% by 49) WPA paid Dorothea Lange to take photos that would garner support for these acts: Improving Labor When a man is convalescing from an illness, wisdom dictates not only a cure of the symptoms but also removal of their cause Replaced NIRA with National Labor Relations (Wagner Act) National Labor Relations Board heard testimonies, i.e. NRLB vs. Laughlin Steel Corps (1937) Gov t can regulate: affects Interstate Commerce Fair Labors Standards Act (1938) **Standard Workweek = 40 hours by 1940 **Minimum Wage increased **Hazardous Conditions banned for <18 years old **Rules for employment of 16 or under Unions flourish under FDRs leadership 4
5 FDRs Greatest Legacy? Social Security Act of 1935 (Frances Perkins, Sec. of Labor) Old Age Insurance over 65- ½ funds from employer; ½ employee Unemployment Compensation Aid to families with dependent children and disabled More Relief for Individuals Works Progress Administration : $11 billion spent on employing 8 million 850 airports; 650,000 miles of road; 125,000 public buildings Paid professionals to write guides to cities; draw murals; write historical slave narratives, etc. National Youth Administration Provided education, jobs, recreation, student aid to young people Relief Programs Provided Us With: Lincoln Tunnel Saddle River Borough Hall Hohokus Public School Ramsey High School Boardwalks; Post offices (i.e. Ridgewood); Murals Teaneck Armory African American Advances Black Cabinet guided FDR on racial issues However, did not ban poll tax or support anti-lynching law- Civil Rights Movement will start to develop with Truman (late 40s) Culture More theaters than banks and hotels combined Gone with the Wind (1939) Romanticized the Deep South and Slavery Mammy and other stereotypical characters Meanwhile separate bathrooms, transportation for black and white actors How does media reflect culture????? The Wizard of Oz ( 39); Snow White ( 37) Many films portrayed good people triumphing over struggles Culture Art, music, and literature were more somber and serious Grapes of Wrath by George Steinbeck American Gothic by Grant Wood (1930) Conclusion The legacies of the Great Depression? 5
6 Expansion of government power to protect individuals Social Security; Minimum Wage; Max workweek; Women s Comp FDIC- Federal Deposit Insurance SEC- Securities and Exchange Commission Country went deeply into debt Spent gov t $$ to stimulate economy Same goes for WWII- Deficits: $2.9 billion 39; $54.5 billion in 43 Depression ended as a result of WWII? 6
President Hoover s Programs
President Hoover s Programs Federal Home Loan Bank Act (1932): Lowered mortgage rates for homeowners and allowed farmers to refinance their farms loans to avoid foreclosure. Reconstruction Finance Corporation
More informationAPUSH POLITICS OF THE TWENTIES & START OF THE GREAT DEPRESSION
APUSH 1920-1932 POLITICS OF THE TWENTIES & START OF THE GREAT DEPRESSION REVIEWED! Watch the video American Pageant Chapter 32 starting at 10:08 and annotate the slides Read pages 462-523 in The Americans
More informationCHAPTER 13: THE NEW DEAL. Section 1: Forging a New Deal
CHAPTER 13: THE NEW DEAL Section 1: Forging a New Deal BELLRINGER Pick up worksheet from the student desk up front and answer the following questions on the paper in the space provided. Only answer the
More informationrelationship does there seem to be between deficit spending and unemployment? in regards to the New Deal programs? (page 516)
1) What is the Wagner Act AND why was it significant? (Page 499) 2) List the 3 major parts of the social security act (page 501). 3) Using the two graphs on page 517 what relationship does there seem to
More informationVUS.10b-d: The Great Depression
Name: Date: Period: VUS10b-d: The Great Depression Notes VUS10b-d: The Great Depression 1 Objectives about The Great Depression VUS10 The student will demonstrate knowledge of key domestic events of the
More informationNew Deal Legislation
New Deal Legislation The Bank Holiday Two days after taking the oath of office, Roosevelt declared a "BANK HOLIDAY." From March 6 to March 10, banking transactions were suspended across the nation. During
More informationThe New Deal. Chapter 33
The New Deal Chapter 33 1932 Election Hoover Gov should not try to fix people s problems Believed direct relief would destroy people s self-respect Creating a big government would violate laissez faire
More informationRoosevelt and The New Deal. FDR s Solutions to the Growing Economic Problems
Roosevelt and The New Deal FDR s Solutions to the Growing Economic Problems Franklin Delano Roosevelt A. Aims of the New Deal Relief helping those in trouble Recovery jumpstarting the economy Reform regulating
More informationhappy days ARE HERE AGAIN BY ANNETTE HANSHAW
happy days ARE HERE AGAIN BY ANNETTE HANSHAW UNIT 5 - DAY 4 FDR & THE NEW DEAL election of 1932 FRANKLIN D. ROOSEVELT Democrat, Governor of New York from a wealthy and renowned family, he was a cousin
More informationUnit VII: The Great Depression and the New Deal
Unit VII: The Great Depression and the New Deal Essential Questions: 1. What were the causes of the Great Depression? 2. What is the role of government during a crisis? 3. How do people respond to economic
More information1 FDR & The New Deal , 1936 & 1938 ELECTIONS Election (D) Franklin Delano Roosevelt vs. (R) Herbert Hoover 1932 Presidential Election
1 FDR & The New Deal 2 1932, 1936 & 1938 ELECTIONS 3 1932 Election (D) Franklin Delano Roosevelt vs. (R) Herbert Hoover 1932 Presidential Election revolved around The Great Depression FDR attacked Hoover
More informationInfluence of the New Deal
Influence of the New Deal Aid to Elderly Social Security Act: Possibly most important piece of social welfare law in American history. Act required the fed gov t to provide financial support for most retired
More informationCHAPTER 34 THE NEW DEAL
CHAPTER 34 THE NEW DEAL Election of 1932 GOP re-nominates Hoover why? Dems nominate Franklin Roosevelt Gov. of New York Heavy state spending Repeal prohibition Very vague about plans Young advisors known
More informationThe only thing we have to fear, is fear itself. Franklin Delano Roosevelt, 1933
The only thing we have to fear, is fear itself Franklin Delano Roosevelt, 1933 The New Deal 1933 1938 FDR was willing to experiment it was better to try something and have it fail, than to sit and do nothing
More informationChapter 10 Section 1 The First New Deal" Pages: "
Chapter 10 Section 1 The First New Deal" Pages: 499-507" Big Ideas" n 1932- America wants and needs change" n FDR- Practical and willing to try anything to help American People" n 100 days- a fury of alphabet
More informationThe Great Depression and the New Deal
The Great Depression and the New Deal The Causes and Consequences of America s most significant economic downturn Mr. Sean McAtee Iroquois High School Elma, New York The 1920s had been a period of prosperity
More informationGreat Depression. Brother can you spare a dime?
Great Depression Brother can you spare a dime? OBJ #1 - Describe the CAUSES and START of the Great Depression. How did Overproduction affect both farmers and industry? What system collapsed and caused
More informationHoover s Attempts to End the
Hoover s Attempts to End the Depression Chapter 9, Lesson 3 Front side of pages 89 and 90 Rugged Individualism Basically Americans fend for themselves no matter the obstacles. We could fix the economywithout
More informationName Class Pd Teacher Units 9 & 10 - Great Depression/New Deal Test Review
Name Class Pd Teacher Units 9 & 10 - Great Depression/New Deal Test Review I. Who to know: Herbert Hoover Franklin D. Roosevelt Francis Perkins Okie Father Charles Coughlin Francis Townshend Bonus Army
More informationFDR inspired American public
FDR inspired American public bulldog determination to succeed the Brain Trust instill hope and courage in the people - "We have nothing to fear but fear itself" pragmatist rather than ideologue fireside
More informationVUS.10b-d: The Great Depression
Name: Date: Period: VUS10b-d: The Great Depression Filled In Notes VUS10b-d: The Great Depression 1 Objectives about The Great Depression VUS10 The student will demonstrate knowledge of key domestic events
More informationSEC. Securities and Exchange Commission Regulates stock market and prevents fraud Reform
New Deal Programs SEC Securities and Exchange Commission Regulates stock market and prevents fraud Reform Glass-Steagall Act Separates commercial banking from investment banking Banks can t risk depositors
More informationUnit 7. The Great Depression and the New Deal. Wednesday, February 29, 12
Unit 7 The Great Depression and the New Deal I. What was the Great Depression? A period lasting from 1929-1941 The longest, deepest and most damaging economic downturn in the 20th Century A time in which
More informationUnit 7. The Great Depression and the New Deal. Thursday, March 1, 12
Unit 7 The Great Depression and the New Deal I. What was the Great Depression? A period lasting from 1929-1941 The longest, deepest and most damaging economic downturn in the 20th Century A time in which
More informationTHE GREAT DEPRESSION & NEW DEAL
THE GREAT DEPRESSION & NEW DEAL 1929-1940 I. Intro As the Roaring Twenties came to a close, the downturn in the economy signaled the end of an era. The stock market crash of 1929 marked the beginning of
More informationFDR S NEW DEAL VOTE AGAINST HOOVER. Fix them with: 5th cousin to Teddy. People want the Big Stick used. 3/31/2010
FDR S NEW DEAL Causes of Great Depression that had to be fixed Foreign GLOBAL problems Europe bankrupted by Dawes Plan, etc Tariffs Wars Overproduction/Overspeculation Unstable Banking policies Unstable
More informationRoosevelt and The New Deal. FDR s Solu+ons to the Growing Economic Problems
Roosevelt and The New Deal FDR s Solu+ons to the Growing Economic Problems Franklin Delano Roosevelt A. Aims of the New Deal Relief helping those in trouble Recovery jump- star+ng the economy Reform regula+ng
More informationTHE FIRST NEW DEAL. Chapter 12 Section 1 US History
THE FIRST NEW DEAL Chapter 12 Section 1 US History THE FIRST NEW DEAL ROOSEVELT S RISE TO POWER MAIN IDEA Franklin D. Roosevelt was governor of New York, when he was elected president in 1932, promoting
More informationYou are President and your country s unprecedented wealth suddenly evaporated.
You are President and your country s unprecedented wealth suddenly evaporated. 25% of US population unemployed Stock prices are greatly overvalued and the stock market is in ruins 5,000 banks closed because
More informationCan the Republicans lose?
Can the Republicans lose? Coolidge: I choose not to run Republicans: Herbert Hoover (Secretary of Commerce) Seen as capable administrator Had never run for elected office New York Governor Al Smith Problem
More informationLow point in Hoover's Presidency
President Hoover By the last year of his Presidency, Hoover becomes widely unpopular. Insisted state and local government should handle relief. Responsible for the Hawley-Smoot tariff, highest import tax
More informationThe Great Depression & New Deal
The Great Depression & New Deal The Great Depression Causes of the Great Depression Overproduction/Underconsumption Led to mass unemployment. High Tariffs High tariffs protected American markets, but restricted
More informationOctober, Did not cause the Depression Had earlier beginnings and more important causes
October, 1929 Did not cause the Depression Had earlier beginnings and more important causes Stock Market Speculation Lack of Diversification Mistakes by the Federal Reserve Board An Ill-Advised Tariff
More informationThe Great Depression. Chapter 11
The Great Depression Chapter 11 Herbert Hoover - HE S FROM IOWA! Ran against Smith Won 444 electoral votes to Smith s 87 Won the election while things were still really good! Very prosperous time. It would
More informationCHAPTER 12 SECTION 1 The First New Deal
CHAPTER 12 SECTION 1 The First New Deal Roosevelt s Rise to Power Big Ideas: Franklin Roosevelt, former Secretary of the Navy and Governor of New York, campaigned on a promise of a new deal between Americans
More informationGreat Depression. Great Crash FDR & New Deal Response to New Deal Nation on Hard Times
Great Depression Great Crash FDR & New Deal Response to New Deal Nation on Hard Times Great Crash Signs of trouble Crash! Depression begins Hoover s response Bonus Army Signs of trouble Some industries
More informationChapter 22: The New Deal ( ) Section 2: The Second New Deal
Chapter Section 25 1 Section 1 Chapter 22: The New Deal (1932-1941) Section 2: The Second New Deal The Cold Causes War Begins of the Depression Objectives Discuss the programs of social and economic reforms
More informationTHE GREAT DEPRESSION
THE GREAT DEPRESSION PROBLEMS ARE BREWING! Uneven distribution of wealth- huge gap between rich and poor- rich incredibly wealthy while poor saw only minor growth Rising prices swallow up any increase
More informationGreat Depression Vocabulary
Yee Haw Game Welcome Back Bell Ringer: Great Depression Vocabulary List 4-5 things you did over your break! FYI: Spiral Check Jan 12 This shows how many points for each round in Round 1-3 based on your
More informationThe New Deal & The Second New Deal. Chapter 10 Section 2 US History (EOC)
The New Deal & The Second New Deal Chapter 10 Section 2 US History (EOC) Lesson Objectives: Students will be able to: Describe the purpose of the Second New Deal. Summarize New Deal programs for farmers.
More informationWhat Caused the Great Depression? /13/2017
1929-1939 1939 What Caused the Great Depression? 1.Not Enough Buyers 2.Too Much Debt 3.Over-Speculation in Stocks 4.Overproduction & Layoffs 5.Farming Crisis 6.Government Mistakes 1 1. Not Enough Buyers
More informationThings were going well, everyone wanted in Many borrowed money to buy more stocks
Chapters 30-33 Bull Market Steady rise in stock prices Speculative Buying Things were going well, everyone wanted in Many borrowed money to buy more stocks Bear Market Steady drop in stock prices Fearful
More information1. Civilian Conservation Corps (CCC) 1933
1. Civilian Conservation Corps (CCC) 1933 This environmental program put 2.5 million unmarried men to work maintaining and restoring forests, beaches, and parks. Workers earned only $1 a day but received
More informationThe Great Depression
The Great Depression Causes: Economic problems (late 1920 s): 1. Post war economic boom is slowing down: War related industries suffer Consumer spending levels off Less foreign markets for goods (tariffs)
More informationThe New Deal. Life, Causes, and Effects
Today s Questions 2. What were 3 problems many Americans faced that required a New Deal? 3. How did the New Deal work? 4. Why did banks fail & close during the Great Depression? The New Deal Life, Causes,
More informationChapter 18 Section 2 The First New Deal. Click on a hyperlink to view the corresponding slides.
Chapter 18 Section 2 The First New Deal Click on a hyperlink to view the corresponding slides. Guide to Reading Main Idea In the first 100 days of Roosevelt s presidency, his team initiated a series of
More informationGreat Depression. Great Crash FDR & New Deal Response to New Deal Nation on Hard Times
Great Depression Great Crash FDR & New Deal Response to New Deal Nation on Hard Times FDR 7min Great Crash Signs of trouble Crash! Depression begins Hoover s response Bonus Army Signs of trouble Some industries
More informationThe Great Depression ( )
The Great Depression (1929-1942) Essential Question: How did the Great Depression cause a complete halt in the active cultural life of the Roaring Twenties? Credit Debt (p. 337) Many people did not want
More information! March 1929-Pres. Herbert Hoover. ! Credit
! March 1929-Pres. Herbert Hoover! Credit Credit reached $7 Billion Dollars Government encouraged borrowing by keeping low interest rates Experts warned: in an economic downturn, such debt would cripple
More informationWorld Book Online: Overview of the Great Depression
World Book Online: The trusted, student-friendly online reference tool. Name: Date: Overview of the Great Depression The Great Depression changed the lives of millions of people around the world who were
More informationLesson Title: U.S. History The Great Depression FDR & The New Deal from Marisa Birdsell
TEACHINGAMERICANHISTORYPROJECT 2009 2012 LessonTitle:U.S.History TheGreatDepression FDR&TheNewDealfrom MarisaBirdsell Grade:8 10th LengthofClassPeriod:50 60Minutes Inquiry:(Whatessentialquestionarestudentsanswering,whatproblemaretheysolving,orwhat
More information8 th grade Social Studies Unit 5
8 th grade Social Studies Unit 5 Page 1 of 14 Great Depression Definition: A period in time from 1929 until 1941, when the U.S. economy crashed and did very poorly (GDP dropped, unemployment increased,
More informationAPUSH REVIEWED! POLITICS OF THE TWENTIES & START OF THE GREAT DEPRESSION. Politics of the 1920s HANDLING BUSINESS 2/4/16
2/4/16 APUSH 1920-1932 POLITICS OF THE TWENTIES & START OF THE GREAT DEPRESSION REVIEWED! American Pageant (Kennedy) Chapter 32 American History (Brinkley) Chapter 22-23 America s History (Henretta) Chapter
More informationWhy did the Great Depression Happen?
Why did the Great Depression Happen? 1920s 1930s What Happened? 1 Things were good during the 1920s Republican Presidents = Laissez faire economics = little to no regulation of businesses, low taxes Businesses
More informationGreat Depression. The Beginning
Great Depression The Beginning Great Depression The United States economy seemed very strong by 1922, only four years after World War I, but by the beginning of the 1930s, the United States was in a deep
More informationBrother, Can you Spare a Dime? Bing Crosby, 1932
Brother, Can you Spare a Dime? Bing Crosby, 1932 They used to tell me I was building a dream And so I followed the mob. When there was earth to plow or guns to bear, I was always there, right on the job
More informationDo now: From Boom to Bust
Do now: From Boom to Bust The Roaring 20 s was one of the most prosperous times in American History, however much of that prosperity disappeared almost as quickly as it appeared during the 1930 s. 1) How
More informationCrash and Depression. Bust and Bummer
Crash and Depression Bust and Bummer Song: We'd Like to Thank You Lyrics Today we're living in a shanty Today we're scrounding for a meal Today I'm stealing coal for fires Who knew i could steal? I used
More informationThe Great Depression & The New Deal. Chapters 9 & 10
The Great Depression & The New Deal Chapters 9 & 10 The Great Depression-Causes Not agreed upon by all historians Combination of domestic and worldwide conditions including Stock Market Crash of 1929 Bank
More informationThe Great Depression Descends Upon America
The Great Depression Descends Upon America 1929-1939 The Post-War Economic Boom Twenties Prosperity Our American experiment in human welfare has yielded a degree of well- being unparalleled in the world.
More informationCALIFORNIA AND THE GREAT DEPRESSION,
CALIFORNIA AND THE GREAT DEPRESSION, 1929-1939 Overview of the Great Depression Impact of the Depression on California California and the New Deal State Politics in the Great Depression A. Overview of
More informationREEP LESSON PLAN FORM
TEACHER'S NAME: Angie A. Felix REEP LEVEL(s): 500-550 REEP LESSON PLAN FORM LIFESKILLS UNIT: The Great Depression and The New Deal LESSON OBJECTIVE/s: Students will be able to... - use topic-specific vocabulary
More informationEconomics 134 Spring 2018 Professor David Romer UNIVERSITY OF CALIFORNIA DEPARTMENT OF ECONOMICS LECTURE 14 THE NEW DEAL MARCH 12, 2018
UNIVERSITY OF CALIFORNIA DEPARTMENT OF ECONOMICS LECTURE 14 Economics 134 Spring 2018 Professor David Romer THE NEW DEAL MARCH 12, 2018 I. OVERVIEW OF THE NEW DEAL A. Fiscal policy actions B. Financial
More informationFDR s New Deal Faces Opposition
FDR s New Deal Faces Opposition D. Challenges at Home and Abroad (ca. 1914-1945) f. Explain the economic, environmental, and social impact of the Great Depression on American society g. Evaluate the impact
More informationEssential Question: What caused the Great Depression?
Essential Question: What caused the Great Depression? CPUSH Agenda for Unit 10.5: Clicker Questions Causes of the Great Depression activity and notes Today s HW: 22.1 Unit 10 Test: Monday, February 4 The
More informationCH 32- Beginning of the Great Depression
CH 32- Beginning of the Great Depression Analyze the factors that Caused the Great Depression, how American lives were negatively impacted, and Government s negligence in reacting to help Americans in
More informationWHATDUNIT? The Great Depression Mystery. THE AMERICAN ECONOMY WENT FROM UNPRECENTED PROSPERITY IN THE 1920s TO UNPRECIDENTED MISERY IN THE 1930s WHY?
WHATDUNIT? The Great Depression Mystery THE AMERICAN ECONOMY WENT FROM UNPRECENTED PROSPERITY IN THE 1920s TO UNPRECIDENTED MISERY IN THE 1930s WHY? The Roaring 20 s The new concept of credit People were
More informationHOW DID THE GREAT DEPRESSION EFFECT AMERICA? SS8
HOW DID THE GREAT DEPRESSION EFFECT AMERICA? SS8 WARM UP: Complete Your Stock market simulation Turn it in WRAP UP OF ECONOMY (DO NOT WRITE THIS) War time production made the US s economy go BOOM Middle
More informationChapter 33: The Great Depression and the New Deal,
Chapter 33: The Great Depression and the New Deal, 1933 1939 I. The New Deal Takes Over, 1933 1935(RELIEF, RECOVERY, REFORM) A. The Roosevelt Style of Leadership 1. FDR willing to experiment with programs
More informationThere are three main theories as to what caused the Great Depression:
There are three main theories as to what caused the Great Depression: During most of the 1920s, the business cycle was in peak Increase in consumer purchases of homes and durable goods Towns and cities
More informationThe Great Depression
The 1920s were a time of great prosperity in the United States, but a series of events throughout the decade would later lead to the Great Depression of the 1930s. The Stock Market Crash of 1929 was the
More informationNew Deal Legislation. Econ 113: April 2, New Deal: Banking & Finance. Mortgages: Direct Reduction Loan 4/1/2015 2:12 PM. New Deal.
Econ 113: April 2, 2015 New Deal Financial Innovation World War II Response Paper #2 due Thursday April 2 Term Paper due Thursday April 16 Last Class is Thursday April 30 FDR goals Relief Recovery Reform
More information3/25/2017 THE GREAT DEPRESSION. STOCK MARKET SPECULATION How it worked. STOCK MARKET SPECULATION How it worked. STOCK MARKET SPECULATION How it worked
THE GREAT DEPRESSION It affected every region and state in the U.S. It began with SPECULATION, the buying and selling in hopes of turning a quick profit, in the stock market which led to the Crash of 1929
More informationThe Politics of Boom and Bust Chapter 32
The Politics of Boom and Bust 1920-1932 Chapter 32 Republican Old Guard Returns Harding s presidency = corrupt Ohio Gang corrupt cabinet members Harding is not corrupt, just not smart Similar to Grant
More informationThe Great Depression
The Great Depression 1929-1933 Causes Bank Failures Business Failures Unemployment Income & Spending Stock Market Speculation Bank Failures Banks had invested in the Stock Market Couldn t get the money
More informationName Date Class Period
Name Date Class Period CHAPTER 9: THE GREAT DEPRESSION BEGINS (1929-1932) I. Roots of the Great Depression A. 1920s Economy 1. Prosperity a) Total economic output had grown over 50% thanks to revolution
More information4/29/16. Mr. McMurray Honors US History
Mr. McMurray Honors US History The superficial economy shows its true colors!!! The massive amount of credit inflated personal debt for American families What problem does lending create for banks? Post-WWI
More informationCauses of the Great Depression Only about 3-4% of Americans owned stocks in 1929, but about 25% of Americans were unemployed by Why???
Causes of the Great Depression Only about 3-4% of Americans owned stocks in 1929, but about 25% of Americans were unemployed by 1932. Why??? Contributing Background Factors Developing During 1920s Leading
More informationFreedom from Fear: Franklin D. Roosevelt and the New Deal. Four major problems Roosevelt has to address upon taking office:
History 271 Devine Spring 2015 Freedom from Fear: Franklin D. Roosevelt and the New Deal Four major problems Roosevelt has to address upon taking office: 1) a failing banking and financial system 2) unemployment
More informationWorksheet Answers: Economist s Worksheet:
Economist s Worksheet: Worksheet Answers: 1) How were Americans buying so many automobiles and household appliances during the Roaring Twenties? They were borrowing the money. 2) The mechanization of manufacturing
More informationGreat Depression = economic hardship during the 1930s with high unemployment and poverty (very poor)
1929-1939 the economic boom of the 1920s caused problems an economic BUST in the 1930 and changed people s the attitudes about the role of government in controlling the economy Great Depression = economic
More informationUnequal Distribution of Wealth High Tariffs and War Debts Overproduction in Industry and Agriculture 1928 Presidential Election Farm crisis Federal
1 Unequal Distribution of Wealth High Tariffs and War Debts Overproduction in Industry and Agriculture 1928 Presidential Election Farm crisis Federal Reserve Monetary Policy Stock Market Crash and Financial
More informationReading: Strand 1: Concept 4 Vocabulary Strand 1: Concept 6 Comprehension Strategies Strand 3: Concept 1 Expository Text
1 day 1.8.1 Identify economic policies and factors that led to the Great Depression (unequal distribution of income, weaknesses in the farm sector, buying on margin, stock market crash) 1.8.2 Determine
More informationHoover and the Crash. Chapter 23, Section 1. Why the economy collapsed after the stock market crash. Yet stock prices continued to skyrocket.
Why the economy collapsed after the stock market crash. Hoover and the Crash Chapter 23, Section 1 The prosperity many Americans enjoyed came to a sudden halt in 1929. During the Great Depression, poverty
More informationThe Great Depression. Chapter 12
The Great Depression Chapter 12 Name the causes of the Great Depression? 1) Maldistribution of Wealth 2) Stock Market Crash 3) Overproduction of Goods 4) Buying on Credit Maldistribution of Wealth oby
More informationWinning the Budget Debate
Date: February 14, 11 To: From: Friends of Democracy Corps Stan Greenberg, James Carville, and Erica Seifert Winning the Budget Debate The Republican assault on the budget is starting to lose the country
More informationWelfare: How do you deal with poverty?
Welfare: How do you deal with poverty? Free Write: If people are out of work (either retired or disabled or otherwise unable to find work), should they receive money from the government (which comes from
More informationObjective: To examine the formation of the New Deal.
Objective: To examine the formation of the New Deal. Franklin Delano Roosevelt Franklin Delano Roosevelt (FDR) won the 1932 Presidential election. In his inauguration speech, FDR stated that, the only
More informationCauses of the Great Depression
Monday December 1, 2014 1. Why do you think people invest in stocks (the stock market)? 2. Complete the statement: What goes up must. 3. Describe what you think depression means? Causes of the Great Depression
More informationThe Great Depression. Unit 7: National Crisis
The Great Depression Unit 7: National Crisis Standard SSUSH17- The student will analyze the causes and consequences of the Great Depression. a. Describe the causes, including overproduction, underconsumption,
More informationDocument-Based Activities
ACTIVITY 9 Document-Based Activities The Great Depression and the New Deal Using Source Materials HISTORICAL CONTEXT During the Great Depression, millions of Americans lost evrything. President Hoover
More informationMaking of the Modern World 15. Lecture #5: Global Depression and the Creation of the Welfare State
Making of the Modern World 15 Lecture #5: Global Depression and the Creation of the Welfare State What I want you to know today And now for something completely different: the Great Depression First, a
More informationGreat Depression Economic history Timing and severity
1 Great Depression Worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world. Although
More informationThe Great Depression. What caused the greatest economic disaster in American History, and how were people affected?
The Great Depression What caused the greatest economic disaster in American History, and how were people affected? Learning Target Explain how the Great Depression started. The Roaring Twenties In the
More informationPresident Coolidge decided not to run again in the 1928 for President. This cleared the way for Herbert Hoover to run on the Republican ticket.
The Causes of the Great Depression President Coolidge decided not to run again in the 1928 for President. This cleared the way for Herbert Hoover to run on the Republican ticket. Herbert Hoover Background
More informationAmerican Moments. The. Great Depression. Cory Gunderson
American Moments The Great Depression Cory Gunderson American Moments THE GREAT DEPRESSION By Cory Gunderson VISIT US AT WWW.ABDOPUB.COM Published by ABDO Publishing Company, 4940 Viking Drive, Suite 622,
More informationAMERICANS OPPOSE PROPOSALS TO RESTRICT ELIGIBILITY AND CUT FUNDING FOR GOVERNMENT ASSISTANCE PROGRAMS
To: Interested Parties From: Center for American Progress and GBA Strategies Date: February 1, 2018 RE: AMERICANS OPPOSE PROPOSALS TO RESTRICT ELIGIBILITY AND CUT FUNDING FOR GOVERNMENT ASSISTANCE PROGRAMS
More informationAmerican Labor and the Great Depression
American Labor and the Great Depression (Genre: Online Article) 1 Welcome to the next section of our online series on the history of workers rights in the United States. Here, we take a look at a defining
More informationThe 1920s: Crash & Depression
The 1920s: Crash & Depression Legacy of the 1920 s The Business of America is Business. Calvin Coolidge How does this statement explain the decade of the 1920 s? The Business of America The Business Cycle
More informationUWGB LifeLong Learning Presenter. Bob Srenaski
UWGB LifeLong Learning Presenter Bob Srenaski Those who do not remember the past are condemned to repeat it. George Santayana, 1863-1952 THE GREAT DEPRESSION The Greatest Tragedy and World- Changing Event
More information