Maddie Williams
Per:2
Per:2
I Intro (Leave Blank for now)
The Great Depression was caused by three major factors and an important trigger of the Stock Market taking multiple large crashes. Both presidents Hoover and Rossevelt created plans to stop the depression and sometimes they helped and sometimes they didn't. The Great Depression took a large toll on the whole US population.
II Causes (The causes of the great depression were overspeculation, Goverment policy, Unstable Economy)
II Causes (The causes of the great depression were overspeculation, Goverment policy, Unstable Economy)
A overspeculation (Define, how important)
-a bunch of people called speculators taking risks and instead of investing in the future of companies they would bet on the fact that the stock market itself would continue to climb.
-it enabled them to make money quickly but also caused the loss of everything when the Stock Market crashed.
B Govt Policy
-did not do anything to help the poor and did not want to get too involved with businesses and labor
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C Unstable Econ
1. uneven prosperity
-rich stayed rich and the poor got poorer
-kept the small percent that were rich rich and increased unemployment and the poverty rate in America.
2. overproduction
-producing way too much
-decreased prices because farmers and factories were producing way too much for just the American population.
3. worker issues / farm issues
-farmers and factories overproducing and not trading with Europe.
-caused extra produce and appliances to not be used and just thrown out wasting money and declining profit.
III Effects
A Poverty
-unemployment, soup kitchens
-caused poverty rate to increase and tons of hoovervilles to be created.
B Society
-hoovervilles
-gave homeless an place to stay and it only created a worse name for president Hoover
C World
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IV Solutions
A Hoover
-urged consumers and business owners to to become more rational in their decisions.
1 Volunteerism
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2 Public Works
-government financed building projects
- increased the amount of jobs open and decreased unemployment
3 Hawley Smoot
-raised the average tariff rate
-damaged American sales abroad
4 RFC
-make loans to banks, railroads, and agricultural institutions
-it did help increase reconstuction but not enough to the point where the economy continued to decline
B Roosevelt
-President of the United States who instituted New Deal to counter the Great Depression
1 new deal
-roosevelt's plan to get America out of the Great Depression
-roosevelt's plan to get America out of the Great Depression
a alphabet soup
-another name for a bunch of acts that roosevelt passed during the 100 days.
-another name for a bunch of acts that roosevelt passed during the 100 days.
example: AAA- Agriculture Adjustment Act
-payed farmers to only grow certain crops
-increased food prices but also but tenant farmers out of jobs
-payed farmers to only grow certain crops
-increased food prices but also but tenant farmers out of jobs
example: SEC-Securities and Exchange Commision
-regulated the stock market
-prevented fraud
-regulated the stock market
-prevented fraud
example: FDIC- Federal Deposit Insurance Corporation
-provided government insurance on bank deposits
-further protected deposits and banks
-provided government insurance on bank deposits
-further protected deposits and banks
example: NIRA- National Industrial Recovery Act
-suspended the antitrust laws
-allowed business, labor and government to work together and set laws for each section of industry
-suspended the antitrust laws
-allowed business, labor and government to work together and set laws for each section of industry
b Criticsim?
-from both left and right
-saying there was to many restrictions and not enough restrictions
-from both left and right
-saying there was to many restrictions and not enough restrictions
2 2nd new deal
a. WPA- Works progress Administration
-federal agency
-created new jobs to drop unemployment rate
-federal agency
-created new jobs to drop unemployment rate
b. National Labor Relations Act
-right to organize unions without interference and bargain collectively
-gave more rights to workers
c.
-right to organize unions without interference and bargain collectively
-gave more rights to workers
c.
V Criticicism
A Political Criticism (ex. Came from both the Left
and Right)
-Too many regulations on business
- Not enough regulations on business
-Too many regulations on business
- Not enough regulations on business
B Conservatives
-Too many regulations on business
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-Too many regulations on business
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C Liberals (ex: criticised the new deal also. They....)
Ex: Townsend Plan
- proposed to give people over 60 who were retired a monthly pension check
- took people out of the work force and opened up jobs for the unemployed
- proposed to give people over 60 who were retired a monthly pension check
- took people out of the work force and opened up jobs for the unemployed
ex:Huey Long
-large influence which caused a lot of followers
-supporters organized 27000 share the wealth clubs
-large influence which caused a lot of followers
-supporters organized 27000 share the wealth clubs
VI Effectiveness
A Changes in US
-more jobs and bank crisis diminished
-helped the public to trust the Government more
-helped the public to trust the Government more
B Unions
- balanced competing economic interests
- NLRB: allowed workers to organize unions without interference from their bosses
- NLRB: allowed workers to organize unions without interference from their bosses
C Culture
The Great Depression hit America hard and caused large amounts of economic and social destruction. the two Presidents, Hoover and Roosevelt, both put effort into stopping the depression but it never really ended until after WW2. Roosevelt's efforts are more prominent because although his plan was designed for long term help he still ended up more in the short developments to help America get out of The Great Depression.
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