1. End Four Minutes First Four Chart 4/7 - Change
Date & label your work
4/7 - Change
Think of a time when your life changed dramatically. How did you react to this change?
Keep this with all of your other First Four work.
To change the timings of this timer, you need to enter the animation settings, and change the timings for the Isosceles Triangles. There will be 2 that need changing (to the same amount) – one animates the top triangle emptying, whilst the other animates the bottom triangle filling.
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End

2. I see, I think, I wonder…

4. The Great Depression & The New Deal

5. Guiding Question #1
How great was the impact of the Great Crash and the Great Depression on the USA?

6. 1920s Economy
Stock Market
Buying on Margin
Bull/Bear Market
Role of Banks – speculators
Superficial prosperity?

8. 1929 Warnings Stock Inflation Overproduction Farm Crisis
Stock market value from $27B to $87B
Overproduction
Farm Crisis

9. Collapse Black Thursday – Oct. 24, 1929 Black Tuesday – Oct. 29
Effects?
Investors – loss of $30 B
Banks
Public
Businesses
Workers

10. Great Crash Investors World Payments Businesses and Workers Banks
Investors lose millions.
Businesses lose profits.
Consumer spending drops.
Workers are laid off.
Businesses cut investment and production Some fail.
Banks
Businesses and workers cannot repay bank loans.
Savings accounts are wiped out.
Bank runs occur.
Banks run out of money and fail.
World Payments
Overall U.S. production plummets.
U.S. investors have little or no money to invest.
U.S. investments in Germany decline.
German war payments to Allies fall off.
Europeans cannot afford American goods.
Allies cannot pay debts to United States.

12. CAUSES OF THE GREAT DEPRESSION LAISSEZ-FAIRE POLICIES
OVER PRODUCTION
DISPARITY OF WEALTH
CAUSES OF THE GREAT DEPRESSION
STOCK MARKET CRASH
LAISSEZ-FAIRE POLICIES
OVERUSE OF CREDIT
WAR PAYMENTS &
TRADE IMBALANCE
TARIFFS

13. Effects of Depression Unemployment Massive poverty Businesses closed
1.2 m 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

16. Herbert Hoover Bold response Philosophically Opposed
Called for tax hike in 1931
1932 Reconstruction Finance Corporation & Public Works
Effects
Bonus Army

18. 1932 Election
Candidates
Result
Shift in Party Power – to whom?

20. Franklin D. Roosevelt FDR’s 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.

21. The Hundred Days
Banking Crisis
Bank Holiday
Emergency Banking Act
Fireside chats
FDIC (Glass-Steagall Act)

22. The Hundred Days Relief Home Owners Loan Corp. Farm Credit Admin. CCC
FERA
CWA

23. For Recovery
NIRA
PWA
NRA: Business cooperation
AAA: subsidies
TVA*

24. For Reform & Regulation
Federal Securities Act
Securities & Exchange Commission (SEC)
Buying on Margin

25. The Dust Bowl
Great Plains
Massive drought 1932-’34
Effect
Okies
The Grapes of Wrath

29. Critics of the New Deal Conservatives Liberals
Deficit spending, Socialism
Supreme Court
NRA, AAA
Liberals
Father Charles Coughlin
Francis Townsend
Huey Long

30. 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

31. The Second New Deal ‘35 Works Progress Admin. Harry Hopkins
$11 B for Pub. Works
Federal Writer’s Project
Federal Music Project
Federal Theater Project

32. Helping the Disadvantaged
FDR feared effect of liberal critics
Resettlement Administration
REA
Wagner Act - NLRB
Wealth Tax
Social Security Act*

33. Critics of New Deal & FDR Alf Landon
XIV Election
Critics of New Deal & FDR
Alf Landon

34. New Deal Coalition – cities, farmers, unions, women, Northern Blacks, Southerners, immigrants

35. Minorities & The New Deal
A mixed record
Programs often discriminated
FDR & NAACP Anti-Lynching Campaign
FDR’s Appointments
Symbolic gestures

36. 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

37. FDR & Supreme Court 1936 FDR’s Problem His Plan
“The Court Packing Scheme”
Reaction
Result
The Nine Old Men

39. End of the New Deal Roosevelt Recession ’37 Last ND legislation
Why?
FDR’s 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

40. 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