Talked about the TEST questions. Finished Mr. Bruns's powerpoint
MR. BRUNS'S POWERPOINT
Brad- 36 election
- Most onesided election ever
- Between FDR and ALF Landon
- Needed 266 electoral votes
- FDR got 530
- FDR proposed his new deal
- FDR only president to be in office more than two terms
Keenan-Construction of empire state building
- Started in 1930
- Compition for building
- Spike on the top of building was originally designed as a mast for blimps
Alex
- Great depression took toll on movie industry
- Colored movies most popular
- Talking movies called talkeys
- Paramount, 20th centry Fox, WarnerBrothers, top movie producers
Maddie
- Sports in 30s
- Baseball and wreastling
- Not the right equiptment for the baseball players
- Not many people came to the games
- Wrestling more popular
Andrew-Bonus Army
- Vetrans from WW1 were promised money for serving
- Stockmarket crashed veterens wanted their money
- House voted to give senate denyed
- Hoover sent military people in to stop the mob
- There was a lot of chaos
Brandon-Dorthea lange
- Worked for the FSA
- Worked with Paul tayor to take pictures
- Took pictures in the Great Depression and WW2
- Very famous GD pic
Hoover Dam
Built in 1931
- Used for electrical power
- Took bids to build
- Built in four years
- Two years ahead of schedule
- Largest
Jess-32 election
- Hoover and FDR
- Hoovers plan was lazyer
- FDRs New deal –People liked
- FDR won
Macie women struggles
- Take care of the kids
- Men more important
- Homeless women
- Women taken to a back room to eat at soup kitchen
- If desperate went to find a job
- Did little things to help family
- Lived with relatives
- Were not helped
Tiffany Court Packing Plan
- FDR made a Plan to get the New Deal plan
- Added justices to the court
- Made it so he would be able to pass his new deal
Preston-hoovervilles
- Name created by
- there were other names
- shanty towns
- built out of scraps
- were illegal
- cops over looked because the people needed to live somewhere
Notes From Project:
1. What are the Causes of the Stock Market crash and Great depression
MR. BRUNS'S POWERPOINT
- overspeculation during 1920
- no rules durng 1920
- stock prices inflated not real value
- FED RESERVE increased interest rates
- EFFECTS
- lost millions$$$
- lost jobs
- GD sets in
- people quit spending money
- depression spreads to europe and other parts of the world
- GD
- overproducion of goods
- ag sulmps due to overpeoduceion
- high tariff policies for 1920s
- tariff=tax on imported goods
- high tariffs people stopped buying goods
- Effects of GD#4
- government never the same
- New Deal programs made the government much larger
- deficit spending
- Organization still around today-social security
- Started WW2
- Fascist, military and communist dictators come to power through out the world
- Vicious cycle of the GD
- companies lose $ =lay people off
- unemployment rates go up and less people buy goods as income has dropped
- companies profits foll so they have to lay more people off or close
- cycle repeats
- the fear of spending drove the Great depression
- the blame of the SC could be blamed on Calvin Coolidge
- Dust bowl didn't help
- people couldnt grow crops
- dust really bad
- people couldnt stay; lost farms
- left to go to california
- Dorthea lange
- took pictures of people in hard times
- in black and white
- took pictures of people in hard times
- Okies-people who fled from the dust bowl
- lesson learned to rotate crops etc. to prevent soil erosion.
The nations sick economy
- Mc Nary-Haugen Bill
- buy surplus farm production and store until prices go up
- vetoed twice by coolige
- Mc Nary-Haugen Bill
- Hoover-
- Ran against al Smith
- hoover won
- accepted nomination on june 1928
- struggled with depression
- rugged individualism
- trikle down theory
- Campain Promise
- "A chicken in every pot a car in every garage."
- RFC
- money given to banks and big businesses
- Hoover Dam
- created jobs
- a way for the Government to make money
- self liquidating
- helped the area by making electricity
- colorado river drying out
- Dow Jones
- Stock market indicator
- creaded by charles Jones
- Suicides rates more than Homicide rates
FDR
- FDR beat hoover blowout
- Dew deal
- Relief Reform recovery
- over goals
- Relief for the needy
- economy recovery
- financial reform
- what are some of the reasons the New Deal was challenged
- Government too big
- Tried to stack the SC
- President was too powerful-led congress
- Some acts unconstitutional
- Heavy Dept-Deficit spending-unhealthy for the economy in the long run
- FDR was good he might have kept our democracy together(even if it was unliked
- Father Charles
- Francis Townshend-very critcle of FDR
- Senator Huey Long-said FDR was not doing enough;said take money/land away from rich distribute to poor
- had big following
- assassinated by Carl Weiss in 1935
- New Deal (banks and businesses) vs Second New deal(More for the people)
- Restore nations hope
- help banks and stock market
- pride jobs and relief for the poor
- FDR(D)-IncumBent Vs. Al Landon(R) 1936 election
- people didnt want another republican
- one of the biggest blow outs in history
- Relief Reform recovery
- FDRs Brain Trust(monoply)
- Put smart people in his cabinet
- Harry Hopkins put the new deal together
- Frances Perkins-Sec. of labor and first female in the cabinet
- Fireside chats
- Roosevelt talked on the radio to the people of the country
- First one was about the banking system
- Court Packing Bill
- struck down
- People thought he was getting too powerful
NEW DEAL PROGRAMS
- Reconstruction FInance Corproation (RFC)-1932)(Hoover)
- Gave loans to banks,state and local govs, and businesses to provide jobs
- dissolved after ww2
- created jobs
- CCC
- most popular
- took young guys from poor familes(18-25)
- paid 30 a month
- 25 went back to the family
- Planted trees, stopped erosion
- Funding stopped in ww2
- Run by the us army
- FERA (act)
- helped unemployed people
- Provied different types of jobs
- direct relief measures for the unemployed, until they found new jobs
- people made mattresses
- The first orginaziton that gave direct aid
- Public WOrks Administration
- created jobs in construction
- created 70 percent of the new schools and 33 percent of the hospitals
- made airports dams bridges etc
- Civil Works administration
- hired people for construction projects
- gave people high wages
- helped unployed
- Works progress Administration
- largest program of the ND
- provided more construction jobs
- hired unskilled workers
- built roads dams bridges ect.
- also helped artists
- Federal Art project
- helped music people
- theatre project
- writers
- historical records
- Made Camp David
- president vacation spot
- in Maryland
- Made Golden Gate Bridge
- National Youth Administration
- helped young people included womed
- not run by military
- provided parttime jobs
- provided job trainign
- allowed young people to stay in school
- paid 6-40 dollars
- Emergincey Banking Relief act
- passed five days after FDR took office-March 1933
- closed banks temperorarely restructured them and re opened them they were safer than before ended bank runs
- Federal Securities Act
- Two goals
- companies had to be truthful about their worth
- Prohibited diciet mis reprentations and other fraud in the sale of securites to the pubilic
- Two goals
Notes From Project:
1. What are the Causes of the Stock Market crash and Great depression
-Stock Market high in 29 crashes
_stock Market place where people buy stock
-Stock-Units of ownership in a company
company does good stock prices rise
Bull Market- a stock market when all prices are rising and every one is prospering,1920s
Crashed on Black tuesday October 29
Causes:
buying on margin-
When investors buy small percentage of the stock as a down bayment then barrowed the rest
easy money for investors unrestrianed buying and selling fueled the Markets upward spiral
rising prises did not reflect companies worth
value of stock declined people who bought on margin had no way to pay off the loans
before the 1920s stock market was only for rich people
on margin allowed people to buy alot of stock
90% or more people were not in the stock market-effected them because businesses and banks closed
people lost jobs
stock prices going up company prices going down
Using Credit-
alot of people bought stocks using credit
When prices of stock began falling the investor would pull out, but not be able to pay off the debt they owe
Buying on margin is an example of buying on credit
People stopped buying things at the end of the 20s businesses lost money
Speculation
-buying stocks on the chance of a quick profit, while ignoring the risks involved
-Many People lost a lot of money
-Herbert hoover Was against this while the rest of the Gov promoted it.
Speculation running wild during the 20
Gov not do anything
Fed Reserve bord failed during this time
-controls interest rates
Sudden decrease in stock prices
Governments Lack of regulation of the Stockmarket
-Poolings
Rich guys get together pool money together buy all the stock tell a newspaper.Regular people buy then rich people sell for mucho bucks
Causes of the Great Depression:
Dorthea Lange took pictures of Florence Owens Thompson famous picture her family was looking for jobs. Florence was depressed that she coulnt find andy
Stock market Crashed-
Crisis in farming-
Production of crops raised
income dieclined .Over production no one was able to buy food
Difficult to pay off loans farmers didnt have any money
Distribution of Income-
Was unequal
Most Americans could not afford economic advances
1920s-1929 income of wealthiest rose by 75%
income incresaed 9% as whole
Rich were richer poor were poorer
Bought fewer goods and services-business lost money
a lot of men laid off because of the great depression
People using credit
-Fed Gov. Lowered interest rates
-Could borrow money easily
cant pay it back
-built a lot of debt
People stopped buying as much business lost money
War debt
Tarrifs-tax on imports
-Hawley-Smoot Tariff Act passes to help farmers and manufacturers with foreign competition
-made economy worse
-Foreign contries couldnt buy American product
-caused WWII
War Dept
-we gave money to Germany to pay for depts
CAUSES SMC Mr. Bruns's Talk
1 overspeculation- Speculaion-buying and selling stock quick and not realizing the risk. Led to stockprices being overpriced
2 overproduction of goods->low profits-companies producing to much and not making money laying off workers
3. Buying on margin- brought alot of people into the stock Market
based on barrowed money the people didnt have
st
4. uneven distribution of wealth
rich richer poor poorer
5. too much barrowing from banks due to low interest rates
people buying things is what brings up the economy
Low interest rates in hard times high in high times
Had moderate interest rates in 2000-2008
6. Stock prices overpriced
7.Lack of Gov. regulation
Laziie Faire no rules
8. Fed Reserve ups interest rates
they knew that things were wrong. In later 29 Fed slightly raised interest rates
Question 2-WHAT IMPACT DID THE SMC AND THE GD HAVE ON THE LIVES OF PEOPLE IN THE US
Farmers Life
-prices of crops dropped
farmers lost farms
familes burned corn because coal was more expencive, countryside smelled like popcorn
farmers strike stopped milk and other products from getting into town
blockades set up on country roads to stop trucks taking products into town
some were better off then the people in the city
could produce their own food city people could not
had gardens to grow fruits and other food
had dairy products
way too much food
destroyed to up prices
Banks Closing
Forced to close when stock market crashed
withdrawing money(bank Run)
1933, 9000 banks closed
Bank Holiday-FDR closed banks for a week or two when banks reopened banks would be safe
The people lost everything
City life
unsanitary unheated crowed tenements
soup kitchens sometimes provided free meals
farmers and hoboes started moving to the city to look for jobs
families catch rats for food
sign up for welfare
suicides increased
no money to buy coal some people stole the coal.
17 thousand families put on the street every night
some took work for pennies
Men started hunting to provide food for family
Hoovervilles
Shanty House-stuff thrown together to make a shack
Herbert hoover-people hated him
close to soup kitchens
Central Park and Riverside Park-in new york
Garbage Cans-used them to cook with and flattened them for their houses
Hoover Hogs-jack rabbits and armadillos people would eat
Women
worked long hard hours
people thought they were taking jobs from men
they depended on other women to help take care of their children
Their roles changed in this time and it helped advance their equality
40% of americans didnt suffer that much from the GD because they had money
Question #4-What Long Lasting Impact did the GD have on the US and the World.
-WW2-partially the cause of the great depression
The us was actually providing loans to germany to help them get back on their feet
Dawes plan was helping to do this
Depression cause the payments to be reduced
led to the collaspe of the German economic system. Which allowed Hitler to rise to power.
-Helped the Japeneese come to power
Japeneese couldnt trade with US
Chose to invade china to get resources
Germany Burned money because it was cheaper than buying wood or coal.
FDIC
created because many people were withdrawling money
Created under the Banking act of 1933 by FDR
provides deposit insurance for people using banks that are covered by the FDIC
Depsoet insurance makes sure that the money in the banks was safe even if the bank failed
FDIC still around today
FHA
Federal Housing Administration established in 1934
created to insure lones given to people building or buying houses
helped improve living conditions and to give people a straight forward payment plan for their house
Still around today
Lasting Agencies of the dew deal
-Social Security Act. 1935-provided money for old people, widows and orphans
-Wagner ACt-NLRB= 1935 Allowed workers to join unions and outlawed union busting tactics by management-created jobs
- Tennesse Valley Authority TVA 1933 Federal government build series of dams to prevent flooding and sell electricy First public competition with private power industries
-Securities Exchange Commission-SEC-1934-Regulated Stock market and restricted margin buying
Deficit Spending
Government spending, in excess of revenue of funds raised by borrowing rather than from taxation
helped stimulate the economy and get us out ot the Depression
By 1939 the Public dept had increased to 39.7 billion or 43% of the Gdp
Negitive Lasting impact of the GD
Today
-110 million americans are on the Welfare system(started during the GD)
-the united states deficit is over 16 trillion dollars
-agencies created during the GD are still around today
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