Monday - notes and vote
Tuesday - test
Wednesday - 30s videos
Thursday - videos and go over test
Friday - go over votes, seating chart & test groups
1.-Causes of the Great Depression
- overproduction of goods/underconsumption of goods
- Agricultural slump in the 20s due to overproduction
- high protective tariff policies of the 20s
- taxes benefiting the rich-rich got richer, poor got poorer
- banks closing (cause & effect of the great depression)
- Vicious Cycle: companies lose $$ so they lay people off -> unemployment rate goes up and less people buy goods as income has dropped -> companies profits fall so they have to lay more people off or close --> companies lose more $$ so they lay off more people...
2.-Impact the Great Depression had on people and our country
- Hoovervilles, people lost their homes because the bank took over their house when they couldn't pay the mortgage so they lived here
- Breadlines
- Soup kitchens
- Hoboes hopping on freight trains - people left home when their parents struggled and went town to town to look for a job
- Selling apples
- dust bowl
- Okies - people from Oklahoma who gave up farming and went to California
3.-President Hoover’s attempt(or lack thereof) to help solve Great Depression
- He told people to be patient, that it would get better eventually
- He was viewed as uncaring and a a President who did very little to help with the Great Depression
- Promised prosperity - "chicken in every pot, car in every garage"
- Federal Farm Board - stabilize prices to promote the sale of agricultural products
- Norris-La Guardia Act - strengthened labor unions
- Hoover Moratorium - one year on on German war payments to France, one year halt on war payments from Great Britain and France to the U.S.
- Mexican Repatriation - Mexican immigrants were encouraged/forced to go back to Mexico
- Revenue Act of 1932 - Increased taxes so US government had money
- Hawley-Smoot - Raised tariffs to record levels
- Reconstruction Finance Corporation - gave loans to banks, businesses, state and local governments, and business' to create projects/jobs for people. Gave states loans for emergency relief needs. Started under Hoover, not as successful as he had hoped, dissolved in 1946 after WWII
- Boulder(Hoover) Dam - Located near Las Vegas. Project included the dam, the All-American Canal, the town of Boulder City, highways, railroads and various other works, cost $165 million to build.
4.-1932/1936 Presidential elections
- 32 : anyone who went against Hoover was going to win
- Franklin D. Roosevelt won..people liked him because he seemed to actually care when Hoover didn't seem to
5.-Bonus Army
- Marching on Washington D.C. because they want their bonus money now (instead of 1945 when its scheduled)
- U.S. army is sent in to get the veterans out of D.C.
- made Hoover look uncaring again
6.-Entertainment, sports, music, radio, movies and fads
- Sports were becoming more popular and they were used as a distraction from the depression
- College sports and Pro sports split up
- Games between big teams would make profit for the poor
7.-Franklin Roosevelt’s background and accomplishments-Focus on New Deal
8.-The Three R’s
- Goals of The New Deal (plan of action to get us out of the Great Depression)
- Relief: relief for the needy
- Reform: Financial reform
- Recover: Economic recovery
9.-The difference between the First New Deal and Second New Deal
- First - restore nation's hope, help banks and stock market, provide jobs and relief for poor, plan and regulate the economy
- Second - pass new labor laws, create and expand new deal agencies, establish Social Security for older people and unemployed
10.-Fireside chats
- FDR speaking to people on the radio
- to give hope to people
11.-The Hundred Days
- FERA (Federal Emergency Relief Act) - distributed more than 20 mil dollars
12.-Deficit spending and “priming the pump”
- Spending more money than you take in
- "priming the pump" - tax payers pay for the bunch of the money that is put into the economy and lots of money is wasted
13.-FDR vs the US Supreme Court-Court Packing issue
- for every justice over 70 add 1 new justice
- was crushed in the congress-wasn't passed
14.-Critics and failings of the New Deal-Long, Caughlin, Townshend
- Was challenged because it created a very powerful president that led congress, this was a violation of checks and balances
- It was a radical departure from Laissez Faire ideals. Created "big government"
- Some acts appeared interfering and a worst unconstitutional
- Heavy debt burden - the US was engaged in deficit spending and this was unhealthy for the economy in the long run
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