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the great depression study resources
the great depression study resources
The unit study guide will help you study for your unit 6 test. It covers main topics!
Unit 6 the Great Depression Google Era Site
Site includes all standards need to know this unit and can use to reassess for grades
Crash Course Videos (YouTube Settings button, playback speed, change to 0.75) since he talks fast
Other Helpful Videos:
the great depression main topics
the great depression main topics
Causes: Overspeculation & Buying on Margin (10% down loan to invest in Stock Market) - Risky Financial Behavior, Stock Market Crash 1929, Dust Bowl, Bank & Business Failures, Tariffs, & Monetary Policy of the Federal Reserve.
Effect: Unemployment, Hoovervilles (shanty towns of homeless people, named after Hoover who was blamed) & Bread/soup lines
Dust Bowl - poor farming practices & drought in Great Plains region; Many move West to Cali to escape
FDR's New Deal Programs - The 3 R's (Relief, Recovery & Reform) to prevent effects of Economic Depression
FDIC - Federal Deposit Insurance Corporation insures bank deposits, SEC - Securities & Exchange Commission regulates the Stock Market, & SSA - Social Security Act provides retirement money for elderly & disabled
Expansion of the role of the federal government to take more responsibility for the social and economic needs of citizens.
22nd amendment - 2 terms for Presidents b/c FDR was elected to 4 terms (First President to do so)
Court Packing Scheme by President Franklin D. Roosevelt to expand the Supreme Court # of Justices from 9 to 15 - Executive branch getting too powerful
timeline of great depression (1929-1939) key points
timeline of great depression (1929-1939) key points
1932 - Bonus Army (WWI Vets) march on Washington demanding compensation - forced out
1932 - Franklin D. Roosevelt elected President
1933 - U.S. unemployment rate reaches 25% , FDR Claims Bank Holiday to fix banks
1933 - Fireside Chats - FDR Address public on radio - continues to 1944 - gives public hope
1933 - First 100 days - creation of countless jobs, most productive of any president's first 100 days
1933 - Unemployment Relief Act & Civilian Conservation Corps (CCC) to employ public works planting trees, etc.
AAA - controls crop production, compensates farmers for cooperation (ruled unconstitutional by Supreme Court)
TVA - established to construct dams in Tennessee River to generate electricity for growing population
NIRA - sets nationwide business practices
NRA - manage industry recovery
PWA & WPA - employ jobless building roads, highways, and other infrastructure or painting the landscape
20th amendment - shifts presidential inaugurations from March to January
1933 - 21st amendment - repealed 18th amendment (prohibition of alcohol), alcohol is legal again
1934 - Huey Long - criticizes FDR, "Share Our Wealth" proposes large tax burden on wealthy & distribute to poor
1935 - Social Security Act - establishes funds for disabled & elderly
KEY TERMS:
Monetary policy - government uses this policy to protect the purchasing power of the dollar.
Tariffs - A tax on imported goods to protect American businesses. This protects the American businesses because the seller will pass the tax on to consumers which results in higher prices on imported goods.
Court packing Scheme - FDR wanted to add seats to Supreme Court. From 9 to 13 justices.
Speculation - Buying stocks and bonds on the chance of a quick profit while ignoring the risks
Buying on Margin - Paying a small % of a stock's price as a down payment & borrowing the rest
Dust Bowl - an area of land where vegetation has been lost and soil reduced to dust and eroded, especially as a consequence of drought or unsuitable farming practice.
Fireside Chats - Informal radio broadcasts where Roosevelt outlined his policies to the American people
Stock Market - It is a place where shares of pubic listed companies are traded.
Drought - a prolonged period of abnormally low rainfall, leading to a shortage of water.
Federal Reserve System - controlled the banks, their ability to loan money & reduced the supply of money.
Deportation - removed back to country of origin
New Deal - FDR's Government Programs created to help with economy relief, recovery and reform.
Federal Deposit Insurance Corporation (FDIC) - oversees and protects bank deposits.
Agricultural Adjustment Act (AAA) - relief program that aided farmers and regulated crop production. Declared unconstitutional by the Supreme Court; Why FDR did a Court Packing Scheme.
Civilian Conservation Corps (CCC) - program that provided jobs for single males on conservation projects such as planting trees, etc.
Securities and Exchange Commission (SEC) - regulates operations in the stock market & prevents fraud.
Social Security Administration (SSA) - Agency that provided a pension for retired workers (elderly) and their spouses and aided people with disabilities.
Works Progress Administration (WPA) - A relief program that quickly created as many jobs as possible—from construction jobs to positions in symphony orchestras.
Tennessee Valley Authority (TVA) - Program that created jobs which established to construct dams in Tennessee River to generate electricity for growing population
After the Stock Market Crash of 1929 and other factors - many were left unemployed (jobless), homeless in Hoovervilles & many stood in soup/bread lines to eat
Court Packing Scheme by President FDR - Executive branch is getting to powerful by trying to expand the Supreme Court because they were ruling some of his New Deal Programs as unconstitutional
Dust Bowl impacted the Great Plains area due to severe drought & poor farming techniques which caused many people to move to the West looking for work (Remember, those homesteaders?! They couldn't farm!)
New Deal Programs passed by President FDR greatly expanded the role of the federal government to intervene into the economic & social welfare of citizens daily lives.
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