1. African American Political Organization
Booker T. Washington ( )
Favored a “gradual” approach to social justice, focusing first on job skills & economic development
W.E.B. DuBois ( )
Favored immediate social justice, full civil rights, and political participation immediately
Marcus Garvey
Back to Africa
Movement
“Atlanta Compromise”

2. Video: “Crash Course” – Great Depression, https://www. youtube
Video: “Crash Course” – Great Depression, – first 5 minutes
** Write down these prompts in your notes in preparation for a short video clip:
Installment buying …
Experiences of farmers …
Commercial bankers …
What made the Great Depression the “Great Depression” was massive …
Margin buying …
Single cause possibly …
Deflation is …

3. Deflation

4. What do you notice in the chart?
Global Depression
What do you notice in the chart?

5. Gross Domestic Product
** In billions of dollars, a figure expressing how much the economy produced.

6. Banking Crisis (2) Mid-1920’s Low interest rates by Federal Reserve
(1) Early 1920’s Expanding operations, taking out loans
(4) ,
Bank Runs
(5) Early 1930’s, Fed. Makes Mistakes, does nothing
(2) Mid-1920’s Low interest rates by Federal Reserve
(3) Late-1920’s Stock market speculation, as commercial banks invest depositors $$$
Credit Freeze
Banking Crisis

7. Bank Failures
** 600 bank failures a year between

8. Keynesian Economics
Recessions can be caused a drop in aggregate demand.
Definition: governments should engage in “short-term deficit spending, generating economic growth.”

9. National Deficits and Debt & Great Depression
 - At the height of government spending during WWII, the national deficit was at $54.5 billion in 1943.
- Deficit: annual overspending in the national budget
- Debt: total amount that accumulates
- In 1934, the deficit increased to $2.9 billion.
- In , the deficit fell back to $100 million.
- During 1939, the deficit rose back to $2.9 billion.