1. Understand the causes of the stock market crash and Great Depression.
CAUSES OF STOCK MARKET CRASH
Stock prices were greatly inflated and didn’t have real value due to watered stock
Over speculation also led to watered stock which caused the crash
Buying on Margin and credit led to the crash
Overproduction of goods
Uneven distribution of wealth
Too much borrowing from banks to buy stock
Federal reserve increased interest rates
Lack of government regulation in the stock market
CAUSES OF GREAT DEPRESSION
Overproduction of goods
Underconsumption of goods
Agriculture slump due to the overproduction of crops
Tariff policies of 1920’s were very strict
Taxes benefited only the rich- Rich get richer poor get poorer
Stock market crash
2. Understand the impact the stock market crash and Great Depression had on the country and world as well as on the lives of people in the United States.
EFFECTS OF STOCK MARKET CRASH
Investors and business lost millions of dollars
Thousands of banks fail savings are cleaned out
Businesses cut production and lay off workers
Unemployment rate rises and people quit spending money
The Great depression sets in and spreads to europe and other parts of the world
EFFECTS OF GREAT DEPRESSION
Bigger government involvement due to New Deal programs
Deficit spending starts
The New Deal creates many programs that are still around today EX. social security, welfare
Fascist, military and communist leaders come to power throughout the world EX. Mussolini, Hitler
Vicious depression cycle: Companies lose money-->They lay people off-->unemployment rises-->less people buy goods because income has dropped-->companies lose more money and close or lay more people off. Repeat cycle
3. Understand what the United States government did to help alleviate the problems the Great Depression brought to our country.
FDR’s three R’s
Relief for the needy
Economic Recovery
Financial Reform
New Deal Programs under FDR
Civilian Conservation Corps(CCC)-Helped Youth Males
National Youth Administration(NYA)- Helped Youth both Male and Female
Federal Emergency Relief Act(FERA)-Unemployed people
Public Works Administration(PWA)-Created Jobs
Civil Works Administration(CWA)-Created Jobs
Works Progress Administration(WPA)-Provided jobs and helped unemployment
Emergency Banking Relief Act(EBRA)-Helped Banks
Federal Deposit Insurance Corporation(FDIC)-Helped Banks
Banking Act of 1935-Helped Banks
Federal Securities Act-Helped Banks
Securities and Exchange Commission's(SEC)-Regulates stock market
Agriculture Adjustment Act(AAA)-Helped Farms and Farmers
Tennessee Valley Authority(TVA)-Electricity
Rural Electrification Administration(REA)-Electricity
Home Owners Loan Corporation(HOLC)-Housing
Federal Housing Administration(FHA)-Housing
Social Security Administration(SSA)-Elderly and young people
Went into WWII
welfare
tried to create as many jobs as possible
put laws into the stock market to regulate how people invested
4. Understand the causes, effects and major events of WWII.
Italy
Angered about the amount of land received in Treaty of Versaille
Benito Mussolini comes to power in 1922
Invades Ethiopia
Axis powers form in 1940
Goals
Make New Roman Empire
Take over Northern Africa
Why Italy Lost
not prepared for a long war
Spread too thin
no motivation. Overall weak country
Germany
Upset with Treaty of Versaille
Hitler Comes to power in 1933
Hitler takes czech
Invades Poland
Blitzkrieg
Germany Takes France
Battle of Britain
Invades soviet union
Battle of the Bulge-Hitler’s Last offensive
Hitler Commits Suicide
Holocaust
Japan
Angered about not being listened to at Paris peace conference
Invaded Manchuria China
Pearl Harbor Attack
Attacked the Philippines
Battle of Midway
Kamikazes
Iwo Jima
Battle of Okinawa
Atomic bomb dropping
Soviet Union
Stalin Takes power in 1920
apart of Tripartite act
Scorch Earth Policy
Great Britain
Battle of Britain
Receive help from US
United States
Tried to stay Neutral
Pearl Harbor brought us in
Doolittle air raid
Battle of Coral Sea
Battle of Midway
Return to Philippines and Iwo Jima
Manhattan Project
Atomic bomb Dropping
Japan Surrenders
D-Day invasion on French Beaches
Battle of the Bulge
German Surrender
5. Understand how/why the Allies won WWII.
Stronger Allies
Better production back home
the atomic bombs
Ultra/Magic
Navajo code talkers
Hitler's mistakes. Invading Russia and spreading army too thin
6. Understand the causes, effects, goals, and major events of the Cold War.
CAUSES
Different political systems-US was democratic and capitalist. USSR was communist and Socialist
The Red Scare
Stalin Breaking promise made at Yalta Conference
USSR’s fear of atomic bomb
Mutual Distrust
US GOALS
wanted to promote open markets for US trade
Promote democracy
Stop the Spread of Communism
USSR GOALS
Wanted to create a safer security for themselves
Establish defensible borders
Spread Communism
EVENTS
Iron Curtain Speech
Marshall Plan
Brinkmanship
Detente
McCarthyism
Berlin Wall
Bay of Pigs
Cuban Missile Crisis
Korean War
Vietnam War
Watergate
Berlin Wall Comes Down
7. Understand the causes, effects, and major events of the Korean Conflict.
CAUSES
Korea was split in two the north was communist and the south was democratic
Soviet Refused to let North Korea vote on whether or not to remain communist
Kim Il Sung Takes over
EFFECTS
DMZ
Split at 38th parallel. North Communist; South Democratic
Set the idea of limited war
MAJOR EVENTS
North pushed south back to the corner of the country
South with US help pushed North Back to Chinese Border
North with Chinese help pushed us back to the 38th parallel
NORTH KOREA NOW
Has Nuclear Weapons
Kim Jung Un
Threatened US with Nukes
8. Understand the causes, effects, and major events of the Vietnam Conflict.
CAUSES
Vietnam was under control by France and wanted freedom but wanted to be communist
Geneva conference was set up to vote on whether to be Communist or Democratic but never happened
Escalation
MAJOR EVENTS
Gulf of Tonkin Resolution
Rolling Thunder
My Lai Massacre
Kent ST.
Tet offensive
EFFECTS
War Powers Act- Limiting troops to 60 days without congressional approval
After we pulled out, North invaded south and made it communist and still is today
More distrust in our government because of watergate as well as the pentagon papers
Press was more aggressive
9. Understand the causes and effects of the Persian Gulf Wars, 9-11 and the War on Terror.
CAUSES PERSIAN GULF WARS
Iraq annexed Kuwait
Iraq wanted oil from Kuwait
US Feared Saddam would invade Saudi Arabi
EFFECTS OF PERSIAN GULF WARS
Economic Sanctions
Weapons inspectors
No fly zone
CAUSES 9-11
Anger towards the US for disrespecting Muslim religion
The presence of US troops in Saudi
US support of Israel
US Sanctions on Iraq
EFFECTS OF 9-11
Many deaths
Depression across the country
Sporting events postponed
Places of interest closed
Airports closed
The Department of Homeland Security was set up
Patriot Act Passed
Led to Waterboarding
War In Afghanistan
Bush Doctrine
WAR ON TERROR
Al Qaeda was against the US
Attacked US on 9-11
Operation Enduring Freedom
Suicide bombers
Terrain
IED’s
Killed Osama bin Laden
Couldn’t tell who was the enemy
Unpopular at home
- long and drawn out
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