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
- Income in Equality
- Stock Market crash
- Lost jobs
- Couldn't buy things and provide for families
- Banks Closing
- People lost life savings
- Overproduction of goods
- 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"
- Kept saying to be patient
- 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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