January 25th- 29th (Review for 1920's Test)

Monday- Notes

  • Causes of the Stock Market Crash -1929
    • Stock prices were grossly inflated, did not have real value-watered stock prices
    • Over speculation during the 1920's 
      • Led to watered stock
    • "Buying on Margin"
      • Led to people being in debt and watered stock prices
      • Stocks were based on borrowed money (false money that wan't paid off yet)
    • Over production of goods
      • People bought all the new gadgets and were in debt
      • Stopped buying because of debt
    • Under consumption of goods
      • trying to pay off things on credit
    • Uneven distribution of wealth
    • Too much borrowing from banks
    • Federal Reserve increase interest rates
    • Lack of Government Regulation 

Tuesday- 1920's Test

Wednesday- 1930's Presentations

  • Causes of The Great Depression
    • Overproduction of goods
      • Under-consumption of goods by consumers
    • Agricultural slump in 1920's due to overproduction 
    • High protective tariff policies in 1920's
      • Took away world trade
      • nobody was buying things in America
    • Taxes benefiting the rich-rich got richer, poor got poorer
      • Income in Equality
        • The rich was barely taxed and was supposed to help the lower class, but they still kept their money
    • Stock Market crash
      • Lost jobs
      • Couldn't buy things and provide for families
    • Banks Closing
      • People lost life savings
  • Vicious Cycle
    • Companies lose $$ so they lay people off
    • Unemployment rate foes 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 
  • Hoovervills
    • People that lost their homes 
    • Very bad homes like almost homeless
    • Spread out homes that were crappy 
    • Hoover-blankets 
      • Used newspapers for blankets
    • Hoover-Flags 
      • Walking with pockets turned inside out
    • All from President Hoover
    • Bread lines- 
      • Men stood in line for bread
      • Not women- were embarrassed 

Thursday- Notes

  • Soup Kitchens
    • Made for people who couldn't afford to feed their families
    • Hoover didn't believe that government should provide
      • People need to volunteer to help their own community
    • Women would rather receive well-fare then find a job
  • Hoboes Hopping Freight Trains
    • kids dropped out of school
    • Traveled town to town looking for jobs
    • Very adventurous, but dangerous (kidnapping, murder, disappearance)
  • Apple Vender
    • People selling apples from the trunk of their car
    • People buy from truck, then sell them in baskets for a little more
    • This paycheck was day to day
  • Dust Bowl
    • 1935-1940
    • In the Great Plains (Kansas Nebraska, South Dakota, Oklahoma, Texas, Colorado, New Mexico)
    • "Great American Desert"- before we had irrigation
    • Farmed tilled ground that was hard and very dry (drought for  about 5 years)
    • Farmers didn't rotate crops and handle land very well
  • Okies
    • People from Oklahoma that were affected by Dust Bowl
    • Gave up farming and went to California 
    • Packet everything on the back of a vehicle 
  • Hoover Struggles with the Great Depression 

Friday- Notes 

  • President Hoover 
    • Kept saying to be patient 
      • Trickle down Theory
      • High Tariffs 
    • Came to be president at a bad time
    • Didn't do much 
    • 1928 Republican Campaign Promise
      • "A chicken in every pot and a car in every garage"
  • Hoover Accomplishments
    • 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
      • Paid more to farm less
      • Paid them get rid of crops and animals (handling over production while the city people starved) 
    • 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 1932
    • Increased taxes so US gov't had $$
  • Hawley-Smoot Tar

Test Questions

1.-Causes of the Great Depression

2.-Impact the Great Depression had on people and our country

3.-President Hoover’s attempt(or lack thereof) to help solve Great Depression

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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