Monday-
The new eal
Relief, Reform and Recovery
SOil conservation and Domestic Allotment Act
Key Terms
Buying on credit
Republican Philosophy-Harding, Coolidge, Hoover
Laissez-faire-rugged individualism, trickle down theory
Stock
Stock market
Dow Jones Industrial Average
Buying on Margin
Watered Stock
Stock Pooling
Speculation-With Stocks
Income Inequality
Federal Reserve Bond
Dow Jones
The Dow Jones industrial Average is one of several stock market indicators created by Charles Dow in 1896
The Dow Jones consists o 30 of the largest companies in the US
The Dow is an overall indicator of how well the stock market is going
Dow goes up- Stock goes up
Apple
Coca-Cola
Microsoft
Nike
Walmart
Walt-DIsney
Tuesday-
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
Federal Reserve’s Powers
Bankers Bank-stop bank runs
Controls the amount of money in circulation
Controlling inflation and deflation
Controls interest rates for borrowing money
Encouraged people to borrow money for big purchases
Causes of the Stock Market Crash
Stocks prices were grossly inflated, did not have real value-watered stock prices
Overspeculation during the 1920’s
Led to over priced 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 increased interest rates
Lack of government regulation
Thursday-
Effects of the Stock Market Crash
Investors and businesses lost millions of $$
Thousands of banks failed-savings wiped out
Businesses cut production-laid off workers
Unemployment rose-people quit spending money
Great Depression started
Depression spread to Europe and other parts of the world
Causes of the Great depression
Overproduction of goods
Underconsumption of goods by consumers
Agricultural slump in 1920’s due to overproduction
-During war we needed food for soldiers but now their back so we didn't need it but they kept producing it
High [protective tariff policies of the 1920’s
Taxes benefiting the rich-Trickle-down
Stock market crash
Banks closing
Effects of the Great Depression
New deal programs start-making the US government much larger
Deficit spending starts
The new deal created many organizations that are still around today-social security,welfare
Fascist, military, and communist dictators came to power throughout the world
The Vicious Cycle of the Great Depression
Companies lose $$ 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
Friday-
The dust bowl
Okies-pack up and move from oklahoma to california
Hoover struggles with the Great Depression
Encouraged people to be patient, stay positive and volunteer to help eachother
Fedeal Farm Board
-Stabilized prices and to promote the sales of agraculture products
Norris-La Guardie Act
-Strengthened labor unions
Hoover moratorium
0One year halt on Germany war payments to France
-One year halt on war payments from Great Britain and France to the US
Mexican repatriation
-Mexican immiggrants were encouraged to go back to Mexico
Revenue Act of 1932
-Increased taxs so US government had $$
hawley-Smoot Tariff
-Raised tariffs to record levels
Presidents Organization for Unemployment Relief
Help US citizens who lost their jobs due to the Great Depression
It's purpose was to coordinate local welfare agencies, without spending government money
The program ended on June 30 because the government was not willing to help the agencies by giving them money
Local agencies became overwhelmed by the magnitude of the problem of the Great Depresion
Boulder Dam
Included buildintg the dam, the All-American Canal, the town of Boulder City, highways, railroads, and various other works
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