Monday: Absent
Tuesday: Watched the video on the 1930's
Wednesday: Went over Mr. Bruns presentation on the 1930's
- Key Terms to Know
- Consumerism
- Buying on credit
- Republican Philosophy
- Harding
- Coolidge
- Hoover
- Laissez-faire
- Rugged individualism
- Trickle Down Theory
- Stock
- Stock Market
- Dow Jones
- One of several stock market indicators created by Charles Dow
- Dow compiled the index as a way to gauge the performance of America's stock market
- Today, the average consists of 30 of the largest and most widely help public companies in the US
- Buying on margin
- Watered stock
- Stock pooling
- Speculation-with stocks
- Income inequality
- Federal Reserve Board
- Bread lines
- Soup kitchens
- Hoboes Hopping Freight Trains
- Selling Apples
- Dust bowl
- Okies
- Bounus Expeditionary Force
- MacArthur, Eisenhower, and Patton
- Fireside Chats
- Deficit Spending and Priming the Pump
- Court Packing Bill
- Father Charles Caughlin
- Franics Townshend
- Senator Huey Long
- Black Tuesday Oct. 29, 1929
- Federal reserve System
- Created in 1913 under President Woodrow Wilson
- Major goal was to stop banking panics
- Broke the country into 12 districts each with a Federal Reserve Bank
- Banker's Bank- Stop bank runs
- Controls the amount of many in circulation
- Controlling inflation and deflation
- Controls interests rates for borrowing money
- Encourages people to borrow money for big purchases
- Homes
- Cars
- ETC...
- Encourages people to borrow money for big purchases
- 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
- Overproduction of goods
- Uneven distribution of wealth
- Too much borrowing from banks
- Federal Reserve increases interest rates
- Lack of government regulation
- Effects of the stock market crash
- Investors and businesses lose millions $$$
- Thousands of banks fail
- Saving are wiped out
- Businesses cut production
- Lay off workers
- Unemployment rises
- People quit spending money
- Great Depression sets in
- Depression spreads to Europe and other parts of the world
- Causes of the Great Depression
- Overproduction of goods
- Under consumption of goods by consumers
- Agricultural slump in 1920's due to overproduction
- High protective tariff policies of the 1920's
- Taxes benefiting the rich
- Rich got richer, poor got poorer
- Stock Market Crash
- Effects of the Great Depression
- New deal programs start
- Makes the US gov't much larger
- Deficit spending starts
- The new Deal created many organizations that are still around today
- Social security
- Welfare
- Fascist, Military and communist dictators come to power throughout the world
- New deal programs start
- The Vicious Cycle of the Great Depression
- Companies lose $$ 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
- Hoover Struggles with the Great Depression
- Hoover was viewed as uncaring and as a President who did very little to help with the Great Depression
- this was no actually true
- Hoover was viewed as uncaring and as a President who did very little to help with the Great Depression
- 1928 Presidential Election
- Herbert Hoover (R)
- Efficiency in gov't
- Republican record of prosperity
- Pro-business
- Promised to improve condition for farmers
- Reform immigration laws
- Maintain America's isolationist foreign policy
- Supported prohibition
- An experiment noble in purpose
- "A chicken in every port and a car in every garage"
- Al Smith (D)
- Herbert Hoover (R)
- Hoover's Fight Against the Great Depression
- Encouraged people to be patient, stay positive, and volunteer to help each other
- Federal Farm Bond
- Stabilize prices and to promote the sale of agricultural products
- Norris-La Guardia Act
- Strengthen 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 $$
- Hawley-Smoot Tariff
- Raised tariffs to record levels
- Reconstruction Finance Corporation (RFC)-1932
- Gave loans to banks, state and local govt's, and business' to create projects/jobs for people
- Gave states loans for emergency relief needs
- Started under Hoover
- Not as successful as Hoover had hoped
- Dissolved in 1946 after WWII
- Boulder(Hoover) Dam
- Boulder Dam (now Hoover Dam) is located near Las Vegas
- The hoover Dam project cas $165 million ot4 build
- 1932 Election
- Herbert Hoover (R)
- Franklin D. Roosevelt (D)
- Brain Trust
- Harry Hopkins
- Social worker and the architect of much of the New Deal
- Henry Morgenthau
- Louis Lowe
- Cordell Hull
- Frances Perkins
- Sec. of Labor and first female in the cabinet
- Same Rosenman
- Raymond Moley
- Rexford Tugwell
- Harry Hopkins
- Some say FDR went to far. Spent too much $$
- Others say he didn't do enough. He needed to do more
- Brain Trust
- Relief, Reform and Recovery
- Relief for the needy
- Economic recovery
- Financial reform
Thursday: No School
Friday: No School
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