Continuing blog discussion.
Project Topics: Reconstruction Finance Corporation and Civilian Conservation Corps (CCC).
Ch. 14 Test Topics:
-- Causes of the Stock Market Crash
- when the market was unstable people started to panick and then started to sell
- everyone was buying things on credit and then stopped buying things
- overspectulation durring the 1920s
- overproduction of goods
- "Buying on Margin"
- Uneven distribution of wealth
- too much borrowing from banks
- stock prices were grossly inflated, did not have real value
- lack of government regulation
--Causes of the Great Depression
- overproduction of goods
- underconsumption of goods by consumers
- agricultural slump due to overproduction
- high protective tarriff policies of the 1920s
- taxes benefiting the rich-rich got richer, poor got poorer
- stock market crash
-Effects
- new deal programs start-makes the US gov. much larger
- deficit spending starts
- the new deal creates many organizations that are still around today-social security
- fascist, military and communist dictators come to power throughout the world
1. 1928 Election(466)
2. Stock Market in the 1920's(466-468)
3. Story of the stock market crash-not the causes(467-469)
- The days leading up to the crash there was an 11% drop and then continuing to rise up and when it got to about 30% it crashed
- people started selling stock which led to more people selling stock
- then a big bank owner said that they will hand out loans if people sell them stock
- durring the fall we start to see drops in the stock market
- there were hints that something big was going to happen like the stock prices inflating
- Charlie Mitchel desided to do the same thing
4. Banks and business' collapse(469)
- stock markets failed so banks lost money
- people tried to get their money out as fast as they could
- banks closed becasue they lost their money
- when the banks closed people lost everything they had in the bank
- in 1929 it dropped 54%
- 90,000 businesses failed
5. Effect stock market crash had on other countries(469-471)
6. Depression in the cities(472-473)
- people started loosing their jobs so they had to start leaving their homes
- people needed to buy food so people started selling food cheap
- mexicans were sent back to mexico even if they were born in the US
- farmers had the advantage because they could grow their own food and they burnt their food because they had so much of it and killed hogs and spilled milk and tried to get prices to go up
- you would see breadlines a lot for people to go get food and bread
- women wouldnt stand in line because they were to ashamed of being to poor
- hoover didnt belive in the government giving out theese types of things because he thought it was the churches job to do that
- soup kitchens would give out free meals for people who couldnt aford to pay for food
7. Depression in the rural areas(473)
- a lot of farmers lost their farms through forclosures mostly through the hoover years
- they had the advantage of having food and made to much food that they were loosing money
- as the 30s went on they started burning feilds, spill milk, kill hogs while people in the cities were starving
8. Dust Bowl(474)
- the mothers would put wet sheets over windows to stop the sand
- it just started getting higher and higher
- the dust bowl was the great plains area
- droughts, high winds is how it started
- storms would be hundreds of miles long
- there would be sand drifts
- dorothy lane was hired by the fsa to take pictures of the problems farmers had
9. Men in the Streets(475)
- they could live without a job for a while before it actually started to hit them
- hobos went from city to city and would even commit crimes
- they had their own communication system
10. Women struggle to survive(475-476)
- they mostly stayed home with the kids
- gardened as much as they could so they could can vegis
- some had jobs
- they wouldnt stand in breadlines because they were to ashamed
- some died because of starvatin
11. Children suffer hardships(476)
- a lot of them were just homeless
- thoose who found jobs worked for food
- whatever food they got they sent to their families
- schools shut down
12. Social and psychological effects(477)
- since people didnt have any money the suicide rate went up
- most kids had to take over some jobs
- divorce rate went up
- people gave up their dreams
13. Hoover's background
- president at the beginning of the depression
- he did more than what other presidents did
- he thought there should be less gov. involvement
- he was a quaker
- he became a humanitarian
- tried to conserve food throughout the US
- he was a secratary of commerce and then ran for pres.
- he tried and tried
14. Hoover's philosophy/Cautious steps(479)
- trickle down theory
- laissez faire - french term for "let alone"
- rugged individualism
- his philosophy was just to be patient
15. Boulder Dam(480)
- 6 companies worked on it
- they lost hundreds of men while working on it
- it used to be called the boulder dam but now called the hoover dam
- there was a contraversy over who it should be named after hoover or roosevelt
16. Democrats win 1930 Congressional elections(480)
- hoover and republicans got carried on by everything because everything started going downhill
- republicans lost control of the house completely
- by 1930 everyone realized that they wanted change
17. Hoover takes action(481)
- the federal farm board would buy excess crops
- they bought up farm surplusses and raise them and then sell them
- unless you eliminate it its still there and the prices will still fall
- national credit corperation
- would loan money to small banks
- federal home loan bank act
- lowered morgage rates
- allowed people to keep their homes and farmers to keep their farms
- reconstruction finance coorperation
- great example of trickle down theory
- 2 million dollars were loaned out to banks, big businesses, etc. from the government
- it was supposed to create new jobs for people
- hoover belived the money would trickle down to the common citizen
- he tried to help homeowners and farmers, banks, businesses, etc.
18. Bonus Army(482-483)
- there was a bill passed that was supposed to give them a bonus check for their service
- it wasnt supposed to come to them for a while
- theese veterans marched on DC to help them get the bill passed sooner
- they were called the bonus expitionary force
- hoover first welcomed them
- hoover provided food, water, tents, etc.
- congress comes back and refuses to pass the bill
- the bill was never passed
- they used tear gas to force them out
- several babies were killed because of the gas
- this made hoover look really bad
on monday is a workday for our projects. The project is due on tuesday.
have to have 3 sources.
Notes:
Civilian Conservation Corps
- after the public voted hoover out of office in 1932 they turned to a man promising better life - Franklin D. Roosevelt
- Roosevelt designed many programs to put americans back to work and mostly only concentrated on creating jobs
- durring the first 100 days in office he approved several measures as part of his "New Deal"
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