I Intro (Leave Blank for now)
The era of the Great Depression was the worst economic decline in the history
of America. It affected all americans in all different classes in one way or
another. Its causes were overspeculation, government policy, and unstable
economy. Throughout the 1930's americans struggled to regain the "good
times" they'd experienced after the end of world war one. President
Roosevelt's new deal ushered in many new government policies to jump start the
economy but nothing seemed to help. In the end, it was the start of another
world war that allowed america to regain control of its disastrous economic
issues.
II Causes (The causes of the great depression were stock market crash, unemployment and deflation)
A overspeculation (Define, how important)
- People borrowing excessive money, banks going out
of business.
B Govt Policy
- government policies didn't regulate the
stock exchange.
C Unstable Econ
- excessive fluctuations in
the macroeconomy. An economy with a not stable growth and low
and inflation would be considered economically unstable.
1 uneven prosperity
- When the rich were getting richer and the
poor were getting poorer.
2 overproduction
- relative measure, referring to the excess of
production over consumption. The tendency for an overproduction of
commodities to lead to economic collapse is specific to the capitalist economy.
3 worker issues / farm issues
- After the war they were competing for
jobs and during the war famers made good money but after the war they were
competing with farmers in europe.
III Effects
A Poverty - People lost their jobs and were very
poor, soup kitchens
B Society - artists stared to paint the horrors of
the great depression
C World - Hitler rises to power in Germany
IV Solutions
A Hoover - Hoover was
the 31st President of the United States.
1 Volunteerism - Public works, Hoover refused to
give money directly but they worked for the government.
2 Public Works - The Hoover Dam
3 Hawley Smoot - U.S.
law enacted in June 1930 which caused an increase in import duties by as much
as 50%.
4 RFC - The Reconstruction Finance
Corporation (RFC) was an independent agency of the United States
government
B Roosevelt - was an American author,
naturalist, explorer, historian, and politician who served as
the 26th President of the United States.
1 new deal - Was a series of domestic programs
enacted in the United States between 1933 and 1938. They involved laws passed
by Congress as well as presidential executive orders during the first
term of President Franklin D. Roosevelt.
a alphabet soup
example: SEC
example: FHA
example: HOLC
example: NYA
b Criticsim?
Some people liked the idea of the new deal
others didn't
2 2nd new deal
The legislation that Roosevelt and Congress
passes between 1935 and 1938 - The second new deal legislation relied
more heavily on the Keynesian style of deficit spending.
B Political Criticism (ex. Came from both the
conservatives and liberals)
A Conservatives
conservative coup against the new deal who thought
that Roosevelt's plan were violating their rights
B Liberals (ex: criticised the new deal also.
They….)
Ex: Huey Long, democratic senator of
Louisiana
VI Effectiveness
A Changes in US
government became more involved
B Unions
started strikes to get fair treatment
C Culture
people had restored faith in the American way of government
Conclusion:
Conclusion:
Despite
all of Roosevelt's efforts to end the Great Depression, the economy still
sputtered along. When the beginning of the second world war began to push its
way into the view of the shattered country, americans fought the idea of being
dragged into Europe's affairs when they were still recovering from their
deprssion. In the end, it would take a war to spike America's economy. It would
take a country of people working to save not just themselves, but many other
people who had it much worse. Therefore, it was the beginning of a war that led
to the end of the depression.
