Thursday Jan. 16, Friday Jan. 17, Monday Jan. 20, Tuesday Jan. 21,

1. What were the causes of the stock market crash of 1929.

What were the causes of the Great Depression?

Stock market Crash- 1929
- Black Tuseday
- Stock market had been going up since 1922
- "Buying on Margin"
Bank Failures
- Banks investing money in stock market
- Banks accounts were uninsured
- Throughout the 1930's-over 9,000 banks closed
- Surviving banks- stopped being as willing to create loans
Over production and Under consumption
- Unemployment rose above 25%
- People from all classes stopped purchasing items
- Factories produced too many goods
- Factories lost money because of Under consumption
- Cycle continues

American Economic Policy with Europe

Drought Conditions

2. What impact did the stock market crash have on the lives of people in the United States?

Roaring 20's- people were moving to cities, agriculture was failing, Stock exchange was bombing
The Crash- Panic was spreading because people didn't know that they lost all their money, Tuesday October 29, 1929 was the day the stock market crash. 14 billion lost
Impacts- steel was at an all time low, constructions was very low, Car sales were very low, High Debts- Easy Credit, Unemployment was rising. People lost everything, Business's were failing which lead to unemployment.
Vicious cycle of the Great Depression- Business were laying off people, which lead to people having no money, which lead to people not buying anything from business, which led to business's laying off people, and it continues over and over again.

What impact did Great Depression have on the lives of people in the United States?

3. What did the United States government do to help alleviate the problems the Great Depression brought to our country?

President Hoover-
Laissez Fairre- gov't stays out of business

Rugged Idividualism- people should fend for themselves

Trickle down Theory - gov't is gonna give a tax break to the wealthy, so they can higher more people.

Reconstruction Finance Corporation (RFC)

Gave loans to banks, state and local gov't, and business' to create jobs for people
Gave states loans for emergency relief needs
Started under Hoover
Not as successful as Hoover had hoped
Dissolved in 1946 after WW1

Roosevelt-

New Deal(Goals/1st and 2nd)-

Program created by FDR
Helped with devastation of the Great Depression
Made Roosevelt a hero for millions
1st New Deal Goals
- help get jobs
- End overproduction and raise prices of crops
- make investments safer
- Faith in banks
- 1933-1935
2nd New Deal Goals
- improve use of national resources
- Security towards old age
- unemployment and illness
- in favor of the poor, old, farmers and labor unions
- 1935- 1940
3R's
- Relief- provide help for the unemployed
- Recovery- Help the economy bounce back after the depression
- Reforms- economic crisis make sure it doesn't happen again
Differences
- Programs were supported more in the first new deal
- First tried to restore economics and the second was to help the lives of people
- first dealt with banking reform and second dealt with jobs

How did the New Deal impact the following:

unemployed-

Farm Tenancy Act (1937)
- Aid to poor farmers
- Homestead projects
- loaned money to farmers
- Camps
- Health Care Programs
Civilian Conservation Corps (CCC)
- Provided jobs for single men
- Ages 18-25
- 3 million men had jobs from the
- They gave the men shelter, clothing and food
- They were paid $30 a month, but had to send $25 to family
Federal Emergency Relief Administration (FERA)
- Procided unskilled jobs adults
- Construction
- Writer
- Musicians
- Canned Food
- Garnments
- Stuffing beds
Civil Works Administration
- Mostly Unskilled men
- Roads
- Bridges
- Schools
- Employed musicians
- Artist
- Writers
- Actors/Drama
Public Work Administration (PWA)
- Dams
- Bridges
- Hospitals
- Schools
- Roads
- Railroads
Works Public Administration (WPA)
- Largest of any agency
- Government jobs
- Orchestra Jobs

young people-

Young people didn't have jobs, some kids also left their homes because they felt like a burden
National youth administration
- Provided Education, jobs, counseling
- Provided Aid
- Students worked part time in the schools- way for students to stay in school
- Provided part-time jobs for people who dropped out of school

factory workers/

labor unions-

Labor union is an organization of workers formed to protect their rights and interests.
The problems
- number of employees was going down
- Not enough workers so some people have too many hours.
Fair Labor Standards Act
- Maximum 44 hours a week
- In 1949 made minimum wage .75cents
- In 2007, made minimum wage 7.25%
- Under 16 can work during school hours
- 700,000 workers affected by this act
- Roosevelt called this the most important part of the new deal
National indurial Recovery Act
- Attempt to raise prices after deflation
- Remained in effect for only 2 years
- Created new labor standards
- Higher wages and shorter hours
- supported and enforced an alliance of industries
- Labor unions had a right to exist ( section 7a)

farmers, elderly/poor, homeowners, artists/musicians, women/African-American/Native Americans, banks, stock market,

energy-

Rural Electrification Administration
- Nearly 90% of urban houses had electricity by the 1930's
- Private companies argued to was too expensive to strung electric lines to isolated rural farmsteads
Tennessee Valley Authority (TVA)
- created in 1933
- provided navigation, flood control, electricity, generation, fertilizer manufacturing, ect.
- Was a result of Senator George W. Norris of Nebraska.
- Very controversial because it was only benefiting a small part of the country.

4. What long lasting impact did the Great Depression have on Shelby County, Iowa, the US and world?

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