Great Depression Outline

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: 

 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.