Unit+V+-+P6

=The 1920s was a decade of change, entertainment (jazz, sports), women's rights and opportunities increasing, economic prosperity, success, increased business and wealth. Also a peaceful decade - no wars. Segregation and racism were still major parts of society (esp in the south).=

=But, in 1929 the stock market crashed and the whole economy crumbled.=

=The 1930s became a decade of depression, unemployment, poverty, homelessness, and major problems for Americans. But, it was also a decade of starting to rebuild and trying to fix the problems of the Great Depression - FDR became President and enacted his New Deal programs.=

= Boom and Bust cycles of a capitalist economy: there are good periods followed by bad periods, the overall economy goes up and down.=

=Top 5 Causes of the Great Depression= = = =1. Stock Market Crash of 1929 -= = 2. Bank Failures - = =3. Reduction in Purchasing- consumers slow down their buying, businesses don't need to make as many products, so they fire workers - unemployment goes way up= = 4. U.S. Economic Policy with Europe - U.S. gov't increased taxes on imports through the Smoot-Hawley Tariff in order to protect American businesses, but it backfired b/c other countries passed higher taxes on American goods and global trade slowed way down = =5. Drought - not enough rain, farmers can't grow crops, don't make $, can't pay taxes and debts, must sell their farms or lose them to the bank (foreclosure)=

D. Key Concepts so far (before the New Deal):
=** PROBLEMS OF THE GD **=
 * 1) ===What were the 1920s like?===
 * 2) ===Why did the economy start to tank in the late '20s (multiple reasons) and get really bad in the early 30s?===
 * 3) ===What were the key characteristics of the Great Depression? (List the problems with descriptions and DATA)===
 * ==** banking - bank failures - lost savings for depositors **==
 * ==** foreclosures - lost homes - homelessness - children on their own **==
 * ==** too much buying on credit / bad investments **==
 * ==** businesses closing - overproduction and bankruptcy - slow in consumerism - less buying **==
 * ==** slowdown of global trade - bad policy (smoot-hawley tariff) **==
 * ==** unemployment & reduced work wages **==
 * ==** farm failures - drought and low prices **==
 * ==** lack of government regulation & slow response by Hoover's administration **==
 * ==** stock market instability **==

Herbert Hoover was President from 1929-1933. He was a Republican. He had a specific philosophy (set of ideas and beliefs) about government and the economy:

 * = Hoover believed in **__laissez faire capitalism__** =
 * == laissez faire means "let be" in French ==
 * == for an economic philosophy it means that the government lets the economy be, the govt does not get very involved in the economy - a lack of restrictions and regulations ==
 * == when things started to go bad, Hoover did not believe that the government should jump in to take control of the economy and take a lot of action ==
 * == he believed in letting the economy sort itself out - BUT, things were worse than he knew ==
 * = Hoover did take some action, just not a lot: =
 * = Smoot-Hawley Tariff - increased tax on imports so that Americans would buy American goods, but it backfired because European countries passed tariffs on American goods in response.=
 * = RFC - allowed for up to $2 billion in govt loans to struggling banks and businesses =
 * = Hoover Dam and other public works building projects - govt funded construction projects meant to create jobs (and provide electricity or parks or schools, etc)=

=

Hoover Video:=
 * ==became a millionaire through a mining business==
 * ==FDR offered hope, Hoover did not, FDR defeated Hoover==

=Franklin D Roosevelt - FDR - his programs were called The New Deal= =Liberal Democrat=
 * 1) ===Who was elected president in 1932 and what did he try to do to save the country?===

G....


 * =Great Depression Problems= || =New Deal Programs= || =Descriptions= ||
 * ==1. Banking== || ==A. Bank Holiday==

B. Emergency Banking Act
|| ==A. The Bank Holiday was...==

B. The Emergency Banking Act was...
||
 * ==2. Unemployment== || ==A. CCC== ||  ||

Mark Ups test: https://docs.google.com/document/d/1LjxsXRyOaF7v9iZUz15tHI3ZJ7PuFAC2mYKq_y_uKzU/edit?hl=en&authkey=CNjb-9AI

=

__FDR / Gov't Attempts to Help Farmers Affected by the Dust Bowl__=


 * Taylor Grazing Act - trying to restore land from overuse
 * b
 * c
 * d