Monday- reviewed for test tomorrow
Tuesday- took test over 1920's
Wednesday- went over tests
Thursday- notes
Friday- notes
1.-Causes of the Great Depression
- Overproduction of goods
- factories kept pumping out goods
- Underconsumption of goods by consumers
- people were in debt so weren't buying goods
- Agricultural slump in 1920's due to overproduction
- no one was buying or needing crop
- High protective tariff policies of the 1920's
- weren't trading with other countries so we weren't making a profit because no one was buying anything
- Taxes benefiting the rich-rich got richer, poor get poorer
- rich were a small percent of the people in the US
- Stock market crash
- sped everything up
- Banks Closing
- year after the stock market crash, banks closed
VICIOUS CYCLE OF THE GREAT DEPRESSION
- Companies lose $$ so they lay people off
- Unemployment rate goes up and less people buy goods as income has dropped
- Companies profits fall so they have to lay more people off or close
- Cycle repeats itself
2.-Impact the Great Depression had on people and our country
- Hoovervilles
- shacks built for people to live in because they couldn't afford homes
- banks took over because everyone was poor
- shacks made out of plywood, tin, whatever they could find
- high standard of living
- soup kitchens
- free coffee and donuts for unemployed
- hobos hopping freight trains
- men would hop on trains and travel from town to town
- didn't want to be a burden to their parents
- selling apples
- dust bowl
- farmers were stressed, plow up grasslands for food
- area became extremely dry
- desert like land
- didn't put nutrients back into the soil
- didn't have trees to stop it
- Okies
- pack up and go to California
- people just gave up
- Hoover struggles with Great Depression
3.-President Hoover’s attempt(or lack thereof) to help solve Great Depression
- Laissez Faire
- Rugged Individualism
- "not gonna spend more money than we take in"
- viewed as uncaring and as a President who did very little to help with Great Depression
- this was not true
- 1928 Presidential Election
- Herbert Hoover vs. Al Smith
- blowout
- 1928 Republican Campaign Promise
- "A chicken in every pot"
- everyone is going to be in good shape and okay
- "A chicken in every pot"
- Hoover's Fight Against Great Depression
- Encouraged people to be patient, stay positive and volunteer to help each other
- Federal Farm Board
- stabilize prices and to promote the sale of agricultural products
- Norris-La Guardia Act
- strengthened labor unions
- Hoover Moratorium
- one year halt on German war payments to France
- one year halt on war payments from Great Britain and France to the US
- Mexican Repatriation
- Mexican immigrants were encouraged/forced to go back to Mexico
- Revenue Act of 932
- Increased taxes so US gov't had $$
- Hawley-Smoot Tariff
- raised tariffs to record levels
- Reconstruction Finance Corporation - 1932
- Gave loans to banks, state and local govt's, and business' to create projects/jobs for people
- Gave states loans for emergency relief needs
- Started under Hoover
- Not as successful as Hoover had hoped
- Dissolved in 1946
- Boulder (Hoover) Dam
- located near Las Vegas
- included the dam, All-American Canal, town of Boulder City, highways, railroads and various works
- cost $165 million to build
- Dams are projects that pays for itself, makes money for the government
4.-1932/1936 Presidential elections
5.-Bonus Army
6.-Entertainment, sports, music, radio, movies and fads
7.-Franklin Roosevelt’s background and accomplishments-Focus on New Deal
8.-The Three R’s
9.-The difference between the First New Deal and Second New Deal
10.-Fireside chats
11.-The Hundred Days
12.-Deficit spending and “priming the pump”
13.-FDR vs the US Supreme Court-Court Packing issue
14.-Critics and failings of the New Deal-Long, Caughlin, Townshend
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