The Great Depression Week 15

Do Now 12/7 How did the legislation excerpted above affect the relationship between the US government and its citizens? It allowed the government to tax investment income It allowed people to have more direct input in government decisions It made most people distrust the power of the government It made the government more responsible for the people’s economic welfare

Fixing the Economy Thursday – 12/7/17

Bank Holiday Emergency Banking Act FDR closed all national banks Banking regulations Safeguards against future economic depression

HOT Question Why did President Roosevelt believe a Bank Holiday was necessary to being economic recovery?

Economic Legislation Revenue Act 1935 Banking Act 1935 Increased taxes on high income and large corporations Banking Act 1935 Extended federal control over private banking practices National Recovery Act Controlled prices and wages and ensured fair competition in industry

FDIC Federal Deposit Insurance Corporation Restore trust in America’s banks Money deposited in banks is insured against future closures or economic depression

SEC Securities and Exchange Commission Regulate stocks and bonds Stop fraud Regulated utility rates and financial practices

HOT Questions What was the purpose of the FDIC? What was the purpose of the SEC?

Federal Reserve Central Banking System Created to counter financial crisis’ Regulates monetary ($) policy

HOT Question In your opinion, were President Roosevelt’s monetary policies successful? Explain.

CLOSING Create an advertisement that informs the general public about the benefits of the Federal Reserve

Do Now 12/8 What do you know about the Dust Bowl?

The Dust Bowl Friday – 12/8/17

HOT Questions Which geographical areas of the United States experienced the severest soil erosion (caused by wind)? Predict how the Dust Bowl changed settlement patterns in the United States.

Physical Factors Causes of the Dust Bowl: Severe drought (no rain) Overgrazed fields (by livestock) Over plowed fields High winds Drought, grazing and plowing destroyed the grass that held the soil in place High winds carried the loose soil across the nation (dust storms)

HOT Questions What practices created the Dust Bowl of the 1930s? Predict what changes people will experience during the Dust Bowl.

Human Factors Dorothea Lange Migrant Workers Oklahoma & Arkansas Sunbelt Migrated to the west coast Searching for jobs Treated poorly Dorothea Lange

Woodie Guthrie Singer/Song writer Sang about migrant farmers and hard times during the Great Depression This Land is Your Land https://www.youtube.com/watch?v=wxiMrvDbq3s Dust Bowl Refugee https://www.youtube.com/watch?v=N_ehYkr0NhU

John Steinbeck Grapes of Wrath, 1939 Realism Tells the story of a poor family of tenant farmers in Oklahoma during the Great Depression They are driven from their home by drought, economic hardship and bank foreclosures https://www.youtube.com/watch?v=xqaTv8cC Weg

AAA Agricultural Adjustment Act New Deal legislation Boost agricultural prices by reducing surplus Government bought and slaughtered livestock Government paid farmers subsidies to NOT farm portions of their land (soil conservation and farming regulation)

HOT Questions Who might have suffered as a result of the Agricultural Adjustment Act?

CLOSING Create an acrostic poem with the term DUST BOWL