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Unit 7B: The Great Depression & World War II 1929-1945
Part 1: Causes and effects of the Great Depression Part 2: The New Deal response Part 3: Causes, course and effects of WWII Unit Q: How did the major crises between 1929 and 1945 affect the American national identity?
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I. Long-term causes of Great Depression
Overproduction & underconsumption of consumer goods Uneven distribution of wealth Bull market Buying stocks on margin Overspeculation
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II. Short-term cause of Great Depression
Black Tuesday: great stock market crash (1929) Everyone wanted to sell stocks
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III. Effects of Great Depression
Bank & business failures Unemployment Wages decreased Dust Bowl > Farmers lost farms Steinbeck’s Grapes of Wrath (1939) Loss of self-worth “Hoovervilles” Worst depression in US history
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IV. Franklin & Eleanor Roosevelt
From wealthy class Governor of NY Great speaker Eleanor most active first lady in US history “conscience” of New Deal
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V. 1st New Deal ( )
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V. 1st New Deal (1933-1935) 1st Hundred Days (presented goals)
Federal Deposit Insurance Corporation (1933) Civilian Conservation Corps (1933) Agricultural Adjustment Administration (1933) Tennessee Valley Authority (1933) Effects of 1st New Deal economy improved unemployment dropped
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VI. Critics of the 1st New Deal
Senator Huey “Kingfish” Long Share Our Wealth program Argued FDR administration didn’t do enough Supreme Court Ruled much of New Deal unconstitutional Argued FDR administration went too far
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VII. 2nd New Deal (1935-1938) In response to critics Wagner Act (1935)
Social Security Act (1935) Court-packing bill (1937)
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VIII. Legacy of the New Deal
Criticism New Deal did not cure depression, WWII did Support No revolution (like in Europe) Reforms are still important today
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IX. Origins of WWII Treaty of Versailles punished Germany
League of Nations ineffective Great Depression caused totalitarianism American isolationism > Neutrality Acts ( ) Limited presidential power Cash-carry policy > solved unemployment crisis
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X. Moving Away from Neutrality
Lend-Lease Act (April 1941) Supply allies Ended neutrality > German u-boat attacks Japanese imperialism in Asia > tension with US Negotiations failed Attack on Pearl Harbor (Dec ) FDR requests Declaration of War
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XI. War Mobilization at Home
War Production Board: regulate war goods “Rosie the Riveter” 5 million women > family incomes increased Office of Price Administration Rationing of anything used in war effort Volunteerism Manhattan Project (1942) Researched & built bomb at Los Alamos, NM Led by Dr. J. Robert Oppenheimer
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XII. Discrimination A. Philip Randolph & African American laborers
March on Washington Movement (1941) FDR’s Fair Employment Practices Committee Japanese-American internment Military “necessity” Italians and Germans left alone
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XIII. Allied Turning Points
Japan pushed back in Pacific Battle of Midway (June 1942): turning point in Pacific Island-hopping began Invasion of Europe D-Day (June 6, 1944) Led by General Dwight Eisenhower Fall of Berlin = V-E Day (May 7, 1945) The atomic bomb at Hiroshima & Nagasaki V-J Day (August 14, 1945)
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XIV. Aftermath Casualties Little damage on American homeland
Approximately 50 million dead (405, 000 Americans) Little damage on American homeland Post-war issues Cold War rivalry began immediately Began atomic age
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