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Hard Times and WWII
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Business Cycle
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Stock Market Crash of 1929 People and banks were buying stocks on credit Investors got worried and started selling their stocks Black Tuesday – Total loss of $30 billion Equivalent of all the wages earned by Americans for a year
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Ripple Effect of the Crash
Businesses cannot repay loans to banks Panic – people began making withdrawals from banks (Run on the Bank) Banks had to recall loans – people and businesses cannot repay the loans Banks close Savings Accounts wiped out Businesses could not borrow – cut production Cut the working force – rising unemployment
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Causes of the Depression
Unstable Economy Wealth unevenly distributed Overproduction Farmers were left out in profit gains Over-speculation Buying stocks by borrowing Government Policies President Hoover believed the economy would fix itself
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Unemployment Unemployment reached over 25%
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What do you do? Your savings is gone You lose your job
You cannot pay the bills (utilities, rent, mortgage) Eviction or foreclosure Kicked out of your home What now? What do you do?
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How bad was it? Breadlines and Soup Kitchens – Americans began relying on these to eat Hoovervilles – Housing developments made out of scrap lumber, metal and cardboard Largest one in the country was located in Seattle
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Dust Bowl Caused by drought, over-farming and strong winds
Much of the farmland lost their topsoil Columbia Basin
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A New Migration Many people headed to the Northwest because of the dustbowl. Known as Okies
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New Deal President Franklin D. Roosevelt pledged a New Deal to the American people Used federal money to stimulate the economy
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Civilian Conservation Corps – Put young men to work
Soil conversation, fish hatcheries, planting trees Works Progress Administration – Put professionals to work Musicians, writers, historians and artists Public Works Administration – Small construction jobs Built highways, bridges, schools, libraries, parks
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End of the Depression By 1939 things started to get better
The New Deal helped but did not get the U.S. out of the Depression WWII officially got the U.S. out of the Great Depression
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Trouble in Europe Nazi Party – Goal of restoring pride back to Germany
Used the swastika as their symbol Adolf Hitler became the leader of the party Sought to conquer Europe Believed that Germans were a superior race Blamed Jewish people for the tough economic times and losing WWI
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Start of WWII 1939 – Invades and Conquers Poland
Great Britain and France hope that war can be avoided 1940 – Invades and conquers France 1940 – Attacks Great Britain Invades Russia
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The Holocaust Hitler sought to create a superior race
Wanted to cleanse (kill) what he called inferior races Especially Jewish people Sent to concentration and extermination camps Gas Chambers 6 million Jews were killed 11 million total (Gypsies, POW, homosexuals, Jehovah Witnesses)
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Pyramid of Hate
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Goal of the United States
Stay out of the European War!! Sent ships and supplies to help the Allies against Hitler
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Japan wanted an empire…more land!!
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Surprise Attack on Pearl Harbor
December 7, 1941 Japan attacks the U.S. Wanted supremacy of the Pacific Ocean region 2,300 Americans killed “A date which will live in infamy” FDR United States immediately declares war on Japan Germany was an ally of Japan and declares war on the
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Photograph from a Japanese Plane. Shows battleship row.
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Relocation of Japanese Americans
Pearl Harbor created a fear of a Japanese invasion Fear that Japanese Americans might be spies Executive Order 9066 Japanese Americans on the West Coast were to be relocated Relocated into internment (concentration) camps
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Economic Boom of WWII Immediately ended the Great Depression
Northwest became a center for shipment to the Pacific region Aluminum plants (Spokane, Longview, Tacoma) Shipbuilding (Portland, Vancouver) Boeing – Producing planes for the war
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Sacrifices during WWII
Rationing – Limited the amount of goods you could buy Gas, Nylon, Sugar, Coffee, Clothing Recycling goods that could be used for the war Victory Gardens Buying War Bonds
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Hanford and the Atom Bomb
Manhattan Project – Develop the atomic bomb Hanford was chosen as a location for one of the research facilities Assisted in creating the atomic bomb Do we use the atomic bomb? Pros? Cons?
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End of WWII Hitler eventually committed suicide
Germany later surrendered May 8th 1945 Japan surrendered shortly after the atomic bomb was dropped on Hiroshima and Nagasaki September 2nd 1945
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