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Bell Ringer QUESTION #94 QUESTION #95 QUESTION #96
Answer the following questions in the EOC Practice Packet in the back of your INB: QUESTION #94 QUESTION #95 QUESTION #96
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Question 94 Which of the following contributed most to the situation described in this excerpt? a. The rise of corporate monopolies b. Strict banking regulations and high income tax rates c. The influx of immigrants into urban areas d. High unemployment and widespread home foreclosures An estimated thousand people lived in St. Louis’s Hooverville, located on the banks of the Mississippi near the city dump. In New York, noted one observer in 1931, hobos were “coming into the city in larger numbers than ever before and have set up a ‘jungle’ for themselves in the heart of the East Side” on vacant lots owned by the city. --Kenneth Kusmer, 2002
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Question 95 The economic conditions described in this excerpt contributed to— a. a global economic depression b. an increase in foreign investments in the U.S. market c. the adoption of the gold standard d. an increase in free market activity As early as 1925, then-Secretary of Commerce Hoover had warned President Coolidge that stock market speculation was getting out of hand. Yet in his final State of the Union Address, Coolidge saw no reason for alarm. Hoover, however, remained fearful. Even before his inauguration, he urged the Federal Reserve to halt “crazy and dangerous” gambling on Wall Street by increasing the discount rate the Federal Reserve charged banks for speculative loans. He asked magazines and newspapers to run stories warning of the dangers of rampant speculation. But Presidents in 1929 were not supposed to regulate Wall Street, or even talk about the gyrating market for fear of inadvertently setting off a panic, and Hoover backed off. --Richard Norton Smith and Timothy Walch, “The Ordeal of Herbert Hoover,” 2004
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Question 96 How did the introduction of these new practices most benefit U.S. business? a. By increasing production efficiency b. By preventing shortages of goods c. By increasing protective tariffs d. By decreasing exports As secretary of commerce … Herbert Hoover seized on the cooperation between industry and science that had emerged during World War I and boldly extended it further into the realm of commerce … Among Secretary Hoover’s most significant initiatives … was standardization and simplification of industrial parts and procedures … The formulation of standard weights for loaves of bread, standard sizes for cans, and uniform rating of canned goods for quality, as well as standardization of packaging units … greatly facilitated distribution, retailing, and accounting. --“Herbert Hoover, Economic Mastermind,” Library of Congress, (accessed March 18, 2014)
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FDR and the New Deal Essential Question: How did the New Deal offer a new approach to confronting the Depression?
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TEKS and Objectives Identify the purpose of alphabet soup agencies
We will… I will… (16D) compare the New Deal policies and its opponents’ approaches (16E) describe how various New Deal agencies and programs (19A) evaluate the impact New Deal legislation (19B) explain constitutional issues raised by federal government policy (26D) identify the political, social, and economic contributions of Eleanor Roosevelt Identify the purpose of alphabet soup agencies Create a magic foldable with details about the Great Depression
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The Great Depression Causes Effects Overproduction Speculation
Buying on Credit Hawley Smoot Tariff Stock Market Crash Dust Bowl Business Failures High Unemployment Bank Failures Increased Suicides Homelessness Poverty
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Election of 1932 Herbert Hoover (REP) Franklin D. Roosevelt (DEM)
Very unpopular for failing to act during the Great Depression Franklin D. Roosevelt (DEM) Governor of New York Promised Americans a NEW DEAL to put them back to work Landslide victory
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A New Style of Leadership
“The only thing we have to fear is fear itself.” “Fireside Chats” Radio addresses to the American people Restored public confidence with his optimism
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A New Style of Leadership
Diagnosed with Polio at 39 Disease that affects the nerves and spine Could only walk short distances with crutches Made him sympathetic to suffering of others
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A New Style of Leadership
Eleanor Roosevelt First Lady President’s eyes and ears traveled throughout the country and around the world Spoke strongly for women’s rights, the cause of peace, and the poor
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Women During the Great Depression
Mothers and Homemakers Cooking, cleaning, caring for children Had to quietly make ends meet It’s Up the Women Book by Eleanor Roosevelt Called on women to pull their families through the crisis
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Women During the Great Depression
Frances Perkins (Secretary of Labor) First female member of the U.S. Cabinet Played in a key role in passage of important legislation
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New Deal Legislation First Hundred Days
FDR called Congress in to a special session Virtually all of the important bills FDR submitted were enacted Bills were intended to provide the R’s – Relief, Recovery, Reform
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New Deal Legislation Relief Recovery Reform
Ease suffering of the needy Recovery Increase production and consumer spending Reform Prevent another depression in the future
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New Deal Programs Federal Deposit Insurance Corporation (FDIC)
Insured bank deposits so people will not lose savings if bank fails
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New Programs Social Security Administration
Provided workers with unemployment insurance, old age pensions, and life insurance if they died early
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New Deal Programs Securities and Exchange Commission (SEC)
Regulated the stock market, prevented fraud, and guarded against another crash
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New Deal Programs Public Works Administration (PWA)
Created federal jobs by building public projects Schools, roads, courts, post offices, bridges Civil Works Administration (CWA) Created manual labor jobs for the unemployed
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Critics of the New Deal Senator Huey Long
“Share Our Wealth” Plan called for heavy taxes on rich Promised income, car, and free college education to families
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Critics of the New Deal Father Charles Coughlin Radio Priest
Blamed business owners (especially Jews) for economic crisis Called for government ownership of banks and utilities
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Critics of the New Deal Francis Townsend
Created plan to provide pensions for elderly wanted $200/month pensions for citizens 65 and older
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U.S. Supreme Court National Industrial Recovery Act (NIRA)
gave President power to regulate interstate commerce First Agricultural Adjustment Act Government paid farmers to plant less Hoped to increase crop prices
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U.S. Supreme Court Supreme court
Ruled NIRA and AAA unconstitutional because they violate states’ rights Even at even during a national crisis, Congress cant’ give President more power than granted by Constitution
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U.S. Supreme Court Court-Packing Scheme
Roosevelt proposed plan to allow President to add a new appointment for every Justice over 70 Roosevelt could have appointed 6 Justices if approved Condemned by the public/rejected by Congress
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