1. BELLWORK: Block 2 What was the Reconstruction Finance Corporation?
Explain the concept of moral hazard.
How is the government involved in our economy today?
THINKER: As you know, Hoover did not give money to individuals as it was not the government’s job to interfere with individual initiative. He believed that job loss and poverty was a sign of individual failure; therefore, the federal government should not intervene. To what extent do you agree with this? Is intervention in the economy the government’s job? Or should the government be “hands-off” when it comes to the economy? (Laissez-faire)

2. The Dust Bowl
You will now read the article: “Dust Bowl Exodus – How Drought and the Depression Took Their Toll.”
Focus your annotations/notes on:
Dust bowl migrations (Where? Why? When? How?)
Effects of Dust Bowl migrations (especially CA)
Government involvement
Important court rulings/changes
I will check these for points before break!

3. The Dust Bowl
The Dust Bowl was a period from characterized by severe dust storms causing major environmental damage.
Caused by severe drought and bad farming practices
Great Plains region in the US and portions of Canada

10. REVIEW: causes/effects of the dust bowl

11. America the Story of Us: BUST
As you watch this episode, complete the “effects on civilians” and “Dust Bowl” portion of your worksheet.

12. No BELLWORK TODAY! Agenda: April 15, 2016
Turn in Part B! Make sure your name, RQ, and word count are included
We will start by taking some notes on the Election of 1932.
You will also need your textbook!

13. Federal Government’s Role in the economy

14. Government Role in the Economy
Anti-Involvement
Pro-Involvement
Everything is regulated by government
Federal oversight – are companies abusing privilege?
Transparency
Bailouts for failing businesses/banks
Provides social programs for those that need help
Lack of equality in free-market
Laissez-faire encourages self-interest and greed
We have a FREE market economy
Individual ownership
The opportunity to make profit gives people incentive to produce items efficiently
Wide variety of goods available to consumers
Competition and Self-Interest work together to regulate economy
Makes government too involved in daily lives

16. President Hoover and the Depression
Hoover’s popularity as President was decreasing just as fast as the economy…….
When he was elected in 1928, he was extremely popular, optimistic, and confident.
“The United States is nearer to the final triumph over poverty than ever before in history”
A few months later the stock market crashed
“We have now passed the worst, and shall rapidly recover”
The economy will fix itself (Laissez-faire = hands-off!)

17. President Hoover and the Depression
Depression deepens:
1929: 23,000 businesses fail
1932: 32,000 businesses fail
Average income in 1929: $2,300
Average income in 1932: $1,600
Unemployment in 1929: 5%
Unemployment in 1932: 25%
Farmers feel the worst effects of the Great Depression: no government aide, no money to farm, no one is buying crops, dust storms ruin fields.
Hoover’s establishment of the RFC was too little, too late.

18. Hoover’s Main Downfall
In 1932, 20,000 jobless WWI veterans protested in Washington, D.C.
Called themselves the Bonus Army
Demanded immediate payment of a pension bonus that was promised.
Things got violent so General Douglas MacArthur used guns, tanks, and tear gas to fight off the protestors.
Hoover took responsibility for MacArthur’s actions

22. VS THE ELECTION OF 1932 President Herbert Hoover
Two completely different men with two completely different ideas on government involvement
Governor Franklin Delano Roosevelt
President Herbert Hoover VS

23. Ideas on Government Minimal government action
Herbert hoover
Franklin Roosevelt
Minimal government action
“The key to recovery is confidence”
State and local governments should handle relief
Start with prosperity at the top  foster economic growth
Expand government roles
Federal government should handle relief
Government should oversee programs for recovery (New Deal!)
Unemployment commission and relief administration
Startled by uneven prosperity  help the lower classes first

24. Discussion: Campaigning
Make a prediction  How did the introduction of the radio influence campaign strategy?
What do you think is the most effective campaign strategy?
Should limits/guidelines be set on presidential campaigns? If so, what? Do you think candidates would follow these guidelines?

25. Campaigning Herbert hoover Franklin Roosevelt
“Brother Can you Spare a Dime?”
Once I built a railroad
I made it run
Made it race against time.
Now it’s done
Brother, Can you Spare a Dime?
“Happy Days are here Again!”
Happy days are here again,
The skies above are clear again
Let us sing a song of cheer again –
Happy days are here again.

27. “This Campaign is more than a contest between two men
“This Campaign is more than a contest between two men It is a contest between two philosophies of government.”
-President Hoover, 1932

28. Electoral Votes
Roosevelt: 472
Hoover: 59
Hoover won six states, and FDR won by a huge margin of 7 million popular votes.

29. Fireside Chats

30. Roosevelt’s New Deal
To learn about Roosevelt’s New Deal policies, read pgs and take notes on the 3 R’s of FDR’s New Deal:
Relief (Immediate response to bring stability)
Recovery (Improvements made to the economic system to stimulate growth)
Reform (Programs implemented to stop a future economic downturn)
Due block #1!

31. Meet in library on Monday!
New deal project
Meet in library on Monday!

32. Reading: Is the Government Responsible for the Economic Well-Being of Its Citizens?
You decide!!!

33. 2014 Writing assignment
After you read the handout, you need to write a ¾ page letter from the perspective of a citizen during the Great Depression.
Your letter needs to be written to either President Hoover or President Roosevelt from the perspective of a citizen impacted by the GD (urban unemployed, African American, Mexican American, Farmer, Banker, etc.)
You need to make direct reference to the points and quotes made from the handout!
Your opinion needs to be clearly reflected in the letter.
20 points! Due Friday!