Warm-Up Update your Table of Contents No homework today for social studies – I will show you an...
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Transcript of Warm-Up Update your Table of Contents No homework today for social studies – I will show you an...
Warm-Up• Update your Table of Contents
• No homework today for social studies – I will show you an example of your science homework – No homework passes
Date Session#
Activity Page#
2/26 8 The Great Depression & The New Deal 10
From BOOM to BUST
The Roaring 20’s• The new concept of
“credit” – economic boom
• People were buying:– Automobiles
– Appliances
– Clothes
• Fun times reigned– Dancing
– Flappers
– Drinking
1929-1939
Why was this bad?• Credit system
– People didn’t really have the money they were spending
• WWI– The U.S. was a major
credit loaner to other nations in need
– Many of these nations could not pay us back
The Stock Market• People bought stocks
on margins– If a stock is $100 you
can pay $10 now and the rest later when the stock rose
• Stocks fall– Now the person has
less than $100 and no money to pay back
And then….
• With people panicking about their money investors tried to sell their stocks– This leads to a huge decline
in stocks– Stocks were worthless now
• People who bought on “margins” now could not pay
• Investors were average people that were now broke
• Herbert Hoover was president at the start
• Philosophy: We’ll make it! Prosperity is right around the corner!
• What He Did: very little
• The poor were looking for help and no ideas on how to correct or help were coming
• Farmers were already feeling the effects– Prices of crops went down– Many farms foreclosed
• People could not afford luxuries– Factories shut down– Businesses went out
• Banks could not pay out money• People could not pay their taxes
– Schools shut down due to lack of funds
• Many families became homeless and had to live in shanties or shacks
“Hoovervilles”• Some families were
forced to live in shanty towns– A grouping of shacks
and tents in vacant lots
• They were referred to as “Hooverville” because of President Hoover’s lack of help during the depression.
A drought in the Southern Midwest lead to dust storms that
destroyed crops.
“The Dust Bowl”
Effects of the “Dust Bowl”
• Crops turned to dust=No food to be sent out
• Homes buried
• Fields blown away
• State of emergency – one of the biggest crises of the 20th century
Those in areas most greatly affected by the Dust Bowl, Oklahoma, Texas &
Great Plains areas, migrated to the West Coast in search of work.
Images of the Great Depression
• Take a short gallery walk through the Great Depression
• Choose 1 image that has the most impact on you – why is it the most powerful in your opinion?
1932 Election• Democrat Franklin Delano Roosevelt wins by
a landslide against Republican Herbert Hoover
FDR Restored Confidence• In his inaugural
address, he said “The only thing we have to fear is fear itself….”
• Unemployment rates soared -poor sections (like Harlem) had 50% unemployed
• Banking system had collapsed
FDR – Strong Leadership• He was a practical politician
who practiced the art of the possible.
• He was a charismatic person who exhibited a warmth and understanding of people.
• He knew how to handle press by focusing attention on Washington.
• He provided dynamic leadership in a time of crisis.
• He was willing to experiment – comes up with “New Deal”
Sources of New Deal Ideas• Brains Trust: specialists and
experts, mostly college professors, idea men
• New Economists: government spending, deficit spending and public works, government should pump the economy
• Roosevelt Cabinet: included conservatives, liberals, Democrats, Republicans, inflationists, anti-inflationists -- often conflicting, compromising, blending ideas
The New Deal(s)• With your group members, use the textbook
pages listed to analyze the components of the New Deal
Purposes of the New Deal
• Relief: for the hungry and jobless
• Recovery: for agriculture, industry
• Reform: To regulate the economy - banks, to abolish child labor, and to conserve farm lands
• Overall objective: to save capitalism
First New Deal (1933-1934)
• Emphasis: reform• Political Position: conservative • Primary aim: economic recovery• Philosophy: economic
nationalism and economic scarcity (i.e., raise prices by creating the illusion of scarcity)
• Objectives: higher prices for agriculture and business
• Beneficiaries: big business and agricultural business
Second New Deal (1934-1941)• Emphasis: reform• Political Position: liberal• Primary aim: permanent reform • Philosophy: international economic
cooperation and economic abundance
• Objectives: increased purchasing power and social security for public
• Beneficiaries: small farmers and labor
Warm-Up• Update your Table of Contents
• Write your homework – leave it to be stamped
• Grab your folder to file your WWI Quiz
• Get a Glogster Project Guide and review the project
Date Session#
Activity Page#
2/28 9 Turn of the Century Glogster Project Guide 11