Open book test

II Causes (The causes of the great depression were ________, _______, ________)

A overspeculation (Define, how important)

People bet that the market would rise and bought more stock because of it.

B Govt Policy

Foreign companies raised tariffs creating a surplus of food and eventually put farmers into a depression.

C Unstable Econ

There was a very bad and uneven distribution of wealth in America.

1 uneven prosperity.

The top 5% earned 30% of the nations income.

2 overproduction

Farmers had a surplus of food after WWI and this drove down prices.

3 worker issues / farm issues

Farmers were being laid off of work due to the depression and the dust bowl

III Effects

A Poverty

Soup kitchens fed the hungry and hobos lived on trains.

B Society

Artists of the time started to document the horrors of the nation instead of abstract or imaginary art.

C World

Japan leaves L.O.N. and Hitler rises into power.

IV Solutions

A Hoover
Hoover begins building the Hoover Dam and bailed out several banks with government money.

1 Volunteerism

The public works was in a way volunteerism.  They worked for the government to get money.

2 Public Works

The Hoover Dam

3 Hawley Smoot

Raised prices of foreign goods which hurt sales in other countries.  This made farming especially tough to make a profit.

4 RFC

Reconstruction Finance Corporation made loans to banks to help them through the depression

B Roosevelt

Democratic candidate that ran against Hoover and won, he tried anything to save America

1 new deal

Roosevelts plan for getting out of the depression.

a alphabet soup

            example

AAA agricultural Adjustment Administration paid farmers to stop growing

            example

FDIC Federal Deposit Insurance Corporation provided insurance on back up deposits to a certain amount

            example

CCC Civilian Conservation Corps helped the unemployed by allowing them to work for a national forest service

            example

SEC Securities and Exchange Commission regulated the stock market.

b Criticsim?

Conservatives believed Roosevelt spend far too much money on the reparation of America. Liberals thought just the opposite

2 2nd new deal

a

Deficit spending-abandoning a balanced budget and borrowing money to pay for things.

b

WPA Works Progress Administration Gave people jobs constructing highways, buildings and parks.
Social Security Act provided security for elderly and unemployed Americans. A lasting effect of the New deals.
Conservatives American Liberty League was a conservative coup against the new deal who thought Roosevelt's plan were violating their rights of person and property.
Unions engaged in sit down strikes were workers stopped working but didn't leave the building in order to keep the company from bring in replacement workers.

c

V Criticicism

B Political Criticism (ex. Came from both the left and right)

A Conservatives

B Liberals (ex: criticised the new deal also. They....)

Wanted more action and spending

Ex: "Share our wealth" clubs

VI Effectiveness

A Changes in US

Changes in US The governments role changed. It became more involved in the lives of everyday Americans because many now worked for the government instead of private companies to build roads and etc.

B Unions

Unions engaged in sit down strikes were workers stopped working but didn't leave the building in order to keep the company from bring in replacement workers.

C Culture

Culture People still had faith in the American system of government. Art changed to be more realist during this era.

VII Conclusion