and workers cannot repay bank loans. Businesses cut Savings investment and accounts Workers production are wiped are laid
Some fail. out. off. Overall U.S. production plummets. Allies cannot pay debts to United States.
U.S. investors have little or no money to invest. Banks run out of money Europeans U.S.
and fail. cannot afford investments American in Germany Bank goods. decline. runs occur. German war payments to
Allies fall off. OVER PRODUCTION STOCK MARKET CRASH OVERUSE OF CREDIT
DISPARITY OF WEALTH CAUSES OF THE GREAT DEPRESSION TARIFFS LAISSEZ-FAIRE
POLICIES WAR PAYMENTS & TRADE IMBALANCE Effects of Depression Unemployment 1.2 m 1929
12.1 m 1932 Massive poverty Businesses closed 5,500 banks closed GNP from $104 B to $59 B
Farm Prices down 60% 25% unemployment Depression/suicide GQ#2 - How effective were the strategies used by Presidents Hoover and Roosevelt to deal with the domestic problems facing the USA in the 1930s? Compare/contrast
of each. the philosophy Create a Venn diagram group read each doc Then share your findings
Be prepared to discuss with the class Herbert Hoover Bold response Philosophically Opposed Called for tax hike in 1931
1932 Reconstruction Finance Corporation & Public Works Effects Bonus Army 1932 Election Candidates Result Shift
in Party Power to whom? Franklin D. Roosevelt FDRs philosophy & Goals
The only thing we have to fear is fear itself. Relief Recovery: industrial & agriculture Reform Brain Trust Rejected laissez-faire Competition of ideas Eleanor Roosevelt Frances Perkins, Henry Wallace, Henry Morgenthau, etc.
The Hundred Days Banking Crisis Bank Holiday Emergency Banking Act Fireside chats FDIC (Glass-Steagall Act) The Hundred Days
Relief Home Owners Loan Corp. Farm Credit Admin. CCC FERA CWA For Recovery NIRA
PWA NRA: Business cooperation AAA: subsidies TVA* For Reform & Regulation Federal Securities Act Securities & Exchange
Commission (SEC) Buying on Margin The Dust Bowl Great Plains Massive drought 1932-34 Effect Okies
The Grapes of Wrath Critics of the New Deal Conservatives Deficit spending, Socialism Supreme Court NRA, AAA Liberals
Father Charles Coughlin Francis Townsend Huey Long New Deal Changes Course: The 2nd New Deal 1935-36 Unity fading Increasing criticism
FDR - business-class and wealthy Focus on helping the most disadvantaged The Second New Deal 35 Works Progress Admin.
Harry Hopkins $11 B for Pub. Works Federal Writers Project Federal Music Project Federal Theater Project Helping the Disadvantaged FDR
feared effect of liberal critics Resettlement Administration REA Wagner Act - NLRB Wealth Tax Social Security Act* XIV. 1936 Election
Critics of New Deal & FDR Alf Landon New Deal Coalition cities, farmers, unions, women, Northern Blacks,
Southerners, immigrants Minorities & The New Deal A mixed record Programs often discriminated FDR & NAACP AntiLynching Campaign FDRs Appointments Symbolic gestures
Environment, the West, Indians Efforts to stop soil erosion Taylor Grazing Act 34 National Parks
Olympic N.P., Shenandoah N.P. Dams TVA, Hoover Dam, Grand Coulee American Indians Indian Reorganization Act 34
FDR & Supreme Court 1936 FDRs Problem His Plan The Court Packing Scheme Reaction Result The Nine Old Men End of the New Deal
Roosevelt Recession 37 Why? FDRs Response Last ND legislation
Farm Security Admin Housing Act 37 Fair Labor Standards Act 38 AAA 38 Growing conservative opposition Over by 1939 World events would take center stage
XVII. Legacy of the New Deal Did it work? Creation of welfare state Size & Cost of Federal Govt. Power & Scope of Govt. New Deal Coalition Political realignment
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