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Recession unemployment depression law of supply and demand securities over-speculation foreclosures NYSE Wall Street bond on the margin overproduction brokers stock insider trading interest Business Cycle bank runs

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1. Business Cycle 2. Great Crash 3. Black Tuesday 4. Rugged Individualism--idea of a person standing on his own without help from others 5. Breadlines/Soup Kitchens (p.518 photo) 6. Depression 7. Bonus Army 8. Hoovervilles 9. Dust Bowl 10. Dorothea Lange (p. 516 photo or p.1012) 11. Hobo Signs (p. 520 picture) 12. Riding the Rails (p. 521) 13. The New Deal Hoover Blanket Hoover Flag Shanty

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1929-1941

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http://www.youtube.com/watch?v=Q0zEXdD O5JU http://www.youtube.com/watch?v=Q0zEXdD O5JU (Video: The Crisis of Credit)

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A. Overproduction (led to lay-offs) B. Under-consumption (led to more lay-offs) C. Unsound financial practices led to bank runs (bad loans, buying on the margin) D. Stock Market CrashOct. 29, 1929

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Hoovers Secretary of Treasury Blamed for policies leading to the Depression

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A. Ideas of rugged individualism B. Agricultural Marketing Act C. Reconstruction Finance Corporation D. Limited program of federal works E. Encouraged local projects F. Extended WWI European Loans G. Hawley-Smoot Tarifffailuredepression got worse!

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http://www.youtube.co m/watch?v=eih67rlGNh U http://www.youtube.co m/watch?v=eih67rlGNh U Recorded by Bing Crosby in 1931

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http://www.youtube.com /watch?v=_r3KdTL6mjk http://www.youtube.com /watch?v=_r3KdTL6mjk Film: Gold Diggers of 1933 Song still used to indicate a bull market over a bear market

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A. 13 million unemployed B. Foreclosures on homes and farms C. Breadlines and soup kitchens D. Banks failing E. Hoover ran for re-electionpeople blamed him for the depression F. Gov. Franklin D. Roosevelt of NY won in a landslide G. Both houses of Congress became Democratic majorities

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http://www.youtube. com/watch_popup?f eature=player_embe dded&v=sNOsIB5V MSQ http://www.youtube. com/watch_popup?f eature=player_embe dded&v=sNOsIB5V MSQ

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A. Early years of wealth and privilege related to TRmarried to Eleanorlawyer B. NY politician C. Assistant sec. of navy D. VP candidate in 1920 E. 1921polio led to paralysis of his legs used exercise, steel braces, cane F. 1928-33governor of NY

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A. Greatest peacetime crisis in history B. InaugurationMarch 1933later the 20 th amendment changed inauguration to January (shorter Lame Duck) C. The only thing we have to fear is fear itself D. Promised relief, recovery and reform E. Promised a New Deal for people F. Fireside chats (on radio) reassured people

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President Roosevelt presented an alphabet soup of programs All presidents are now judged by their first 100 days in office Brain TrustFDRs advisors were university professors and experts

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Based on ideas of John Maynard Keynes (Keynesian Economics) pump priming or priming the pump (government spending to stimulate the economy)

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A. National Banking Holidayhalted bank runs and provided safe bankshe closed the banks B. Gold standard ended C. FDICFederal Deposit Insurance Corporationprotected bank deposits! D. Federal Securities Act E. SECSecurities and Exchange Commission (headed by Joe Kennedy!)

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A. FERAFederal Emergency Relief Administration (gave relief $) B. PWAPublic Works Administration (roads, buildings etc.) C. WPAWorks Progress Administration (added art projects) D. CCCCivilian Conservation Corps (built campsites) E. NYANational Youth Administration

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A. NRANational Recovery Administration B. Sec. of State Cordell Hull lowered tariffs for better international trade C. AAAAgricultural Adjustment Act

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A. NLRA (Wagner Act)National Labor Relations Actmade unions legal B. Social Security Actretirement funds C. Fair Labor Standards Actprotected women in the workplaceestablished minimum wage and maximum hours

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Secretary of Labor First Woman Cabinet Member (Note: Dept. of Labor started by Wilson-1913)

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A. HOLC--Home Owners Loan Corporation B. FHAFederal Housing Administration C. USHAU.S. Housing Authority

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A. TVATennessee Valley Authority B. Hoover Dam (Boulder Dam), Grand Coulee Dam, and others C. Rural Electrification Act (all provided electricity in rural areas)

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A. 21 st Amendment Passedrepealed 18 th (ended prohibition)1933 B. FCCFederal Communications Commission C. Motor Carrier Act D. Civil Aeronautics Act E. U.S. Maritime Commission

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F. Food, Drug, Cosmetics Act G. Good Neighbor Policy (friendly to Latin America) H. Became friendly to U.S.S.R. (Soviet Union/Russia) I. FDR re-elected in 1936 (against Al Landon)

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A. Too much power of the federal government? B. Is it the job of the government to provide for the poor? C. Supreme Court ruled against some programs (NRA, AAA) D. Court Packing SchemeFDR tried to increase the number of liberal justices DISASTER!

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E. FDR defied the two-term tradition and ran four times F. Money wasted and not enough help8 million still unemployed in 1939 G. Record deficits ($49 billion in 1941)

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A. Programs were not a cure for the depression but gave people relief during the depression B. It broadened the power of what government can do C. Some believe that the New Deal saved the U.S. from disaster and restored the confidence of the people D. By priming the pump (putting money into the economy), FDR helped peopleused ideas of economist, Keynes

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Eleanor was the presidents legstravelled Civil Rights advisor to FDR (Black Cabinet) Had a news column called My Day Later named U.S. ambassador to the United Nations

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Social Security SEC FDIC FHA HOLC USHA FCC FDA TVA

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FDRs New Deal did not end The Great Depression It provided temporary relief (like cold medicine) WWII ended The Depression for the U.S.

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Texas: 6.5% Growth of 257,000 new jobs in the last year Denton County: 5.2% Denton ISD is number 4 in the state in new home growth

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http://www.youtube.com/w atch?v=Z_Ovo1arA-o http://www.youtube.com/w atch?v=Z_Ovo1arA-o See FDRs First Inaugural Address http://www.youtube.com/w atch?v=amNpxQANk0M http://www.youtube.com/w atch?v=amNpxQANk0M The only thing we have to fear is fear itself. Hoover FDR Eleanor Roosevelt New Deal Hundred Days Brain Trust Social Security Pump Priming Alphabet Soup Bank Holiday Frances Perkins PWA REA Fireside Chats FDIC 20 th Amendment 21 st Amendment Court Packing Scheme

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Bonnie and Clyde John Dillinger Arrest of Al Capone

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http://www.neabigread.org/books/ grapesofwrath/ http://www.neabigread.org/books/ grapesofwrath/ Novel by John Steinbeck, published in 1939 Film made in 1940Directed by John Ford Inspired by Dorothea Langes photography Main Character: Tom Joad (parolee, sharecropper, migrant worker) Setting: 1930s Oklahoma Dust Bowl to California (Route 66) Biblical Themes: journey, wandering in the desert, trials of Job, love thy neighbor

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Read the memoir Cesar Chavez was a real Tom Joad in the 1960s. Explain how his childhood experiences during the 1930s influenced his work in the 1960s.

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American entertainer, journalist, folk hero Beloved humorist Known for his comments on politics and everyday life I am not a member of any organized political party. I am a Democrat. I never met a man I didnt like. Died in a plane crash with aviator, Wiley Post, in Alaska in 1935

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Marian AndersonJesse Owens

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Today I consider myself the luckiest man on the face of the earth. Lou Gehrig, NY Yankees

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This land is my land This land is your land From California To the New York island From the redwood forest. To the Gulf Stream waters This land was made for you and me.

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Sung by Kate Smith, Armistice Day of 1938 Inspired the country on the eve of WWII Made more money than any other song before All money was donated to Boy Scouts and Girl Scouts of America

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Worlds tallest building in 1931 New York City

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Bonnie and Clyde John Dillinger Arrest of Al Capone

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German Airship Lakehurst, NJ May, 1937 Oh, the humanity of it all!

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The surprise attack on Pearl Harbor by Japan on December 7, 1941 This was the beginning of World War II for the U.S.

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1. Business Cycleseries of economic events covering prosperity to depression through the years 2. Great Crashmajor dip in the stock market in October 1929 3. Black TuesdayOctober 29, 1929day of stock market crash and beginning of Great Depression 4. Rugged Individualismidea of a person standing on his own without help from others 5. breadlines/soup kitchensfree food in cities during the depression 6. depressionsevere economic downturn (low business activity, low prices and wages, high unemployment)

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7. Bonus Armya protest march of veterans in Washington who wanted their WWI benefitsHoover sent the army to control them 8. Hoovervillesseries of shacks and shelters for homeless during Depression 9. Dust Bowlresult of drought on the Great Plains 10. Dorothea Langephotographer of the depression, especially migrant workers 11. Hobo Signsmarks by the homeless outside a home indicating help or no help 12. riding the railsteens left home and jumped on trains to find work and adventure 13. New DealFDRs relief, recovery and reform programs designed to battle the Great Depression

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Emergency Banking Relief Act Banking Act of 1933 (Glass Steagall Act) established FDIC Truth in Securities Act --SEC HOLC, FHA Gold taken out of circulationabandoned gold standard FERA led by Harry Hopkins CCCfor 18-24 aged men whose parents were on relief PWA (led by Harold Ickes) Civil Works Administrationextended PWA AAA Federal Farm Loan Act, Farm Credit Admin., Frazier-Lemke Farm Bankruptcy Act NIRA and NRA (declared unconstitutionalSchechter v. U.S.) TVA

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Conservatives said that FDR was a traitor to his class Some thought NRA favored big business by setting prices too high AAA did not benefit sharecroppers American Liberty League promoted conservative candidates Dr. Francis E. Townsend proposed The Old Age Revolving Pension Fund Sen. Huey Long proposed a Share the Wealth program National Union for Social JusticeFather Coughlin (sounded fascist!)

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WPA NYA REA Resettlement Administration (RA) Wagner Act NLRB Social Security Act Banking Act of 1935 Public Utility Holding Co/Wheeler-Rayburn Act Revenue Actincreased income tax Motor Carrier Act

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Governor Alfred Landon of Kansas, the Republican candidate Union PartyCongressman Lemke of ND (Father Coughlin was denounced by Catholic leaders and Dr. Townsends following decreased) Socialist candidate, Norman Thomas FDR won all states except Maine and Vermont

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Indian Reorganization Act of 1934 partially reversed the Dawes Act restored the tribal basis of Indian life

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John Nance Garner of Texas 1933-41 Henry Wallace of Iowa 1941-45 Harry S Truman of Missouri 1945

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