Monday: Video
Tuesday: Video
Wednesday: Notes
- Causes of the Great Depression
- --
- Overproduction of goof
- 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
- Banks closing
- --
- Effects of the Great Depression
- --
- New Deal programs start- makes 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 come to power throughout the world
- --
- Vicious Cycle of the Great Depression
- --
- Companies lose $$ so they lay people off
- Unemployment rate goes up and less people buy goods as income has dropped
- Companies profits fall so they have to lay more people off or close
- Cycle repeats itself
- --
- Mexican Repatriation - Mexican immigrants were encourage/forces to go back to Mexico
- --
- Revenue Act of 1932- Increased taxes so US government had $$
- --
- Hawley-Smoot Tariff- Raised tariffs to record levels
- --
- Reconstruction Finance Corporation (RFC)
- --
- Gave loans to banks state, and local governments 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
- --
- Near Las Vegas
- Project including the dam, All-American Canal, town of Boulder City, highways, railroads, etc cost $165 million to build
- Made jobs, stopped flooding, etc.
Comments