1. THE GREAT DEPRESSION
US HISTORY II

2. POST WWI Red Scare-Fear of Communism Exclude Socialists
Mitchell Palmer
Palmer Raids –Attacks on suspected radicals using wartime laws against radicals
Labor Strikes-Organized Labor linked to radicals
Seattle Strike –shipyard strike
Boston – Police Strike

3. IMMIGRATION Competition for jobs Red Scare
Rise of nativism =culture clash
National Origins Act 1924 –sets quotas on # immigrants
Klu Klux Klan-Rebounds targets Jews, Catholics & Radicals Vanzetti- on trial for murder, political beliefs and ethnic background

4. INDUSTRY Ford –Assembly Line
Cars (or product) moves on conveyor belt-workers have assigned task to complete
Welfare Capitalism –workers receive benefits from co.
Goods are advertised
Creates new demand
Installment buying

5. THE GREAT DEPRESSION

6. CALM BEFORE THE STORM
LIFE IN AMERICA INVESTING PRODUCTION AUTOMOBILE WELFARE CAPITALISM CREDIT GOVERNMENT & PRO BUSINESS – LAISSEZ FAIRE

7. SIGNS OF TROUBLE WEALTH DISTRIBUTION WORKERS, FARMERS INCOME SAVINGS
CREDIT LIMITS
NO WORK FOR WORKERS
OVER STOCKED WAREHOUSES

9. DAWES ACT

10. CREDIT & STOCK MARKET BUYING ON MARGIN BIGGER LOANS SPECULATION/RISE
MARGIN CALLS
FEDERAL RESERVE
BIG INVESTORS
SELL OFF/NO BUYERS
BANKERS
FEDERAL RESERVE BANK

11. BLACK TUESDAY TUES. 10/29/1929 STOCK MARKET CRASH
BANKING CRISIS
GNP FALLS BY 40%
WORLD ECONOMY/WWI
INDUSTRY
CONSUMERS
UNEMPLOYMENT
HIGH TARIFFS

13. PRES. HERBERT HOOVER RUGGED INDIVIDUALISM LAISSEZ FAIRE
ASSOCIATIVE STATE
RFC (Reconstruction finance Corp., direct help)
SMOOT-HAWLEY TARIFF ACT (Tariff on Imorts)
NO AID TO INDIVIDUALS
TAX
BONUS ARMY

14. FDR – LANDSIDE VICTORY PUBLIC WORKS PROGRAMS GOVERNMENT’S JOB
BANK HOLIDAY
EMERGENCY BANKING ACT
FIRESIDE CHATS
HUNDRED DAYS-
NEW DEAL
RELIEF
REFORM
RECOVERY
PUSH CONGRESS!

15. NIRA
CCC
TVA
SEC
CWA
NEW DEAL

16. TROUBLE FOR THE NEW DEAL
RADICALS – NOT ENOUGH
CONSERVATIVES-TOO MUCH
THEY ALL OPPOSE NEW DEAL
HUEY LONG –TOO CLOSE TO BANKS AND BUSINESS
COUGHLIN-MORE NEEDED TO CURB POWER OF BUSINESS & BANKS
TOWNSEND-NEED MORE FOR ELDERLY
COURT PACKING –SUPPREME COURT KNOCKS DOWN NEW DEAL PROGRAMS
FDR – “Court Packing” scheme