Do Now: How does the economic cycle work? Unit 11 The Depression Do Now: How does the economic cycle work?

Economic Cycle Prosperity Recovery Recession Depression

I. Causes of the Depression A. Overproduction 1. Farmers (since the end of WWI) 2. Factories A) Demand decreases B. Distribution of Wealth 1. 1% controls $ A) Not spending enough 2. Lower Class scraping by C. Credit Problems 1. America has too much debt 2. Installment Buying 3. Buying On Margin

D. Stock Market Crash 1. Speculation 2. Black Tuesday A) Prices plunged B) Panic Selling

II. Effects A. Banks Collapse B. Businesses Close C. Massive Unemployment D. Hawley-Smoot Tariff E. Becomes Global

III. Hardships A. No jobs B. No food C. Starvation D. Homelessness

EQ: What effects did the economic crisis have on citizens? HW#5 P. 720-724 P. 721 chkpt, P. 722 chkpt, P. 724 chkpt, P. 724 Critical Thinking #6 Do Now: What caused the Great Depression?

EQ: What hardships did Families face? Do Now: 1. List as many hardships as you can from the video clip? 2. What strategies did they use to cope?

Family Hardships Delay marriage Can’t go to college Buying homes Middle class become the new poor Evictions Living in cars

coping Eating soup Gathering coal Feet in the oven Kids taking jobs Moving Hoovervilles Dance Marathons

Sample Slide with Image Image retrieved from http://en.wikipedia.org/wiki/File:Dust-storm-Texas-1935.png 1) Describe what you see in this picture. 2) When and where do you think this picture was taken? Explain your answer.

E. Farmers 1. Default on Loans 2. Banks Foreclosed 3. Become Tenant Farmers 4. Dust Bowl 5. Okies & Arkies

Dust Storms Image retrieved from http://en.wikipedia.org/wiki/File:Wea01422.jpg

Displacement and Migration Left image source: http://www.loc.gov/pictures/item/fsa1998018535/PP/ Right image source: http://www.loc.gov/pictures/item/fsa2000001781/PP/ Migrant family in San Francisco, 1935 Farmer leveling dust hills in Texas, 1938

EQ: How did the government respond to the economic crisis? HW#6 P. 733-739 & fill in graphic organizer  Do Now: How were minority groups affected by the crisis? (pick a group and write down a fact about how each was impacted)

F. Employed fears G. Women H. Minorities 1. African-Americans 2. Asian-Americans 3. Mexican-Americans A) repatriation

IV. Hoover’s response A. Republican B. Economic policy 1. Laissez Faire 2. Volunteerism A) private charities B) wealthy Americans 3. localism C. Depression deepens 1. Trickle-down economics 2. RFC – Reconstruction Finance Corporation

D. Protests 1. Cry for socialism 2. Fascist leaders rise 3. Bonus Army

V. FDR A. Bio 1. Wife Eleanor 2. Polio 3. Gov. NY 4. New Deal B. Brain Trust

Do Now: Audio Clip 1. What is it. 2. What was the main point of it. 3 Do Now: Audio Clip 1. What is it? 2. What was the main point of it? 3. What did it hope to achieve?

C. First 100 Days 1. 15 bills passed 2. 3R’s A) Relief B) Recovery C) Reform 3. Emergency Banking Bill A) Bank Holiday 4. Fireside Chats

D. Opposition to the New Deal 1. Right – too much gov’t A) Republicans B) Liberty League 2. Left – not enough gov’t A) Francis Townsend B) Charles Coughlin C) Huey Long

Do Now: What obstacles did minorities face during the depression Do Now: What obstacles did minorities face during the depression? How did the new deal treat minorities?

EQ: What’s the government’s responsibility to its people EQ: What’s the government’s responsibility to its people? HW: Debate prep and Castle Quiz Do Now: 1. If people are out of work (either retired or disabled or otherwise unable to find work), should they receive money from the government (which comes from tax money)? http://historicalthinkingmatters.org/socialsecurity/

D. Second New Deal 1. Keynesian economics – deficit spending A) pump priming 2. Programs A) WPA B) Social Security C) REA 3. Labor Reforms A) Wagner Act B) Fair Labor Standards Act C) CIO created 1. sit-down strikes

E. Supreme Court Challenges 1. Many Acts found unconstitutional A) NRA – Schechter Poultry Corp v. US B) AAA – US v. Butler 2. Court Packing A) Increase judges by 6

F. Recession of 1937

EQ: What’s the government’s responsibility to its people EQ: What’s the government’s responsibility to its people? HW: DBQ PRep Do Now: 1. Failures on the left, Successes on the right. 2. Stanford Docs http://historicalthinkingmatters.org/socialsecurity/