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Fly Wheel Essay Question… Write your answer in paragraph format (15 points)!. What lessons on character did Jay (main character) learn during the movie (list at least 3 & explain why )? How can you apply these positive character traits to your own life?.
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Fly Wheel Essay Question…Write your answer in paragraph format (15 points)! What lessons on character did Jay (main character) learn during the movie (list at least 3 & explain why)? How can you apply these positive character traits to your own life?
Unit 3 Vocabulary(Ch 22 & 23) WRITE IN NOTES FOLDER! • Stock market • Bull market • Margin • Margin call • Speculation • Installment • Bailiff • Shantytown • “Hooverville” • hobo • Dust Bowl • Soap opera • Public works • Relief • Foreclose • Black Tuesday • Hawley-Smoot Tariff • Bonus Army • Gold standard • Fireside chats • Deficit spending • Binding arbitration • Sit-down strike • Social Security Act • Broker state • Safety net • New Deal • Polio • Hundred Days
Unit 3-Vocabulary Pop Quiz Directions: Write the correct TERM to complete each sentence. • A protest where workers refused to leave the factory • Safeguards and relief programs that protected Americans against economic disasters • Monthly payment made on a high-cost item • Money that went directly to people in poverty • Radio talks with President Roosevelt with the American people • A time between March 9 and June 16, 1933-Congress passed 15 laws • A court official • Name given to shantytowns • Daytime radio shows that were sponsored by the makers of laundry soaps • An unemployed individual who wandered around the country • System for buying and selling shares of companies • WWI veterans who marched on Washington to demand payments • A paralyzing disease • An ounce of gold equals a set amount of dollars • Borrowing money to pay for programs
Today you will learn about the Stock Market in the 1920s, and about causes of the Great Depression. The causes of the great depression (22-1)
WARM-UP Question: • How important is the Stock Market to the US economy today? • How do Americans participate in the stock market?
Causes of the Great Depression: 1. 2. 3. 4. 5. 6. Stock Market Crashes!
The Election of 1928 Alfred E. Smith: • Opposed Prohibition • 1stCatholic candidate • Democrat • Americans feared Pope would rule US • Lost election b/c of this Herbert Hoover: • Supported prohibition • A Quaker • Republican • Given credit for prosperity of 1920s
The Long Bull Market • Stock market—continued to increase; started as a system for buying and selling shares of companies • Bull market—a long period of rising stock prices; many Americans began investing heavily in stocks • Margin—investors make a small down payment on the stock, and the stock broker pays for the rest of the loan • margin call—when the stockbroker demanded FULL repayment of the loan; investors sold stock quickly and for a lesser value • Speculation—buyers wanted to make a quick buck, so they sold their stocks quickly instead on investing in the growth of company
What brought the “Roaring 20’s” to an end? • Great Depression – • The Great Depression was a massive global economic recession (or "depression") that ran from 1929 to 1941. • It led to massive bank failures, high unemployment, as well as dramatic drops in industrial production, stock market share prices and virtually every other measure of economic growth. • America's "Great Depression" began with the dramatic crash of the stock market on "Black Tuesday", October 24, 1929 when 16 million shares of stock were quickly sold by panicking investors who had lost faith in the American economy.
Causes of the Great Depression: • Buying on margin & margin call – spending money you don’t have never works out well • Speculation - buyers wanted to make a quick dollar off company, but it back-fired on them • Overproduction of manufactured goods buying on credit: vacuum cleaners, toasters, refrigerators, etc.). • Big problem: Installment plans - dn. payment with monthly installments • Americans weren’t selling goods to foreign countries • Hawley-Smoot Tariff – increased import tax on foreign goods; problem: it also greatly decreased sale of US goods to foreign countries (made depression worse) • The Federal Reserve lowered interest rates (encouraged banks to make risky loans) • Increased unemployment—companies cut their cost and laid off workers
Unit 3-Notes Quiz #1Directions: Write the letter ONLY of the correct sentence! • A system for buying and selling shares of companies • A long period of rising stock prices; many Americans began investing heavily in stocks • When the stockbroker demanded FULL repayment of the loan; investors sold stock quickly and for a lesser value • Buyers wanted to make a quick buck, so they sold their stocks quickly instead on investing in the growth of company • Overproduction of ___________ & buying on credit: vacuum cleaners, toasters, refrigerators, etc.). • Hawley-Smoot __________ – increased import tax on foreign goods • Who encouraged banks to make risky loans? • He lost the Election of 1928 for being Catholic. • Companies cut their cost and laid off workers, which increased ________. • The _______ was a massive global economic recession that ran from 1929 to 1941. • America's "Great Depression" began with the dramatic crash of the stock market on “_________", October 24, 1929. • Stock market • Unemployment • Manufactured Goods • Black Tuesday • Herbert Hoover • Bull market • Margin • Margin call • Speculation • Federal Reserve • Black Friday • Alfred E. Smith • Tariffs • Great Depression
Unit 3-Notes Quiz #1Directions: Write the letter ONLY of the correct sentence! • A system for buying and selling shares of companies • A long period of rising stock prices; many Americans began investing heavily in stocks • When the stockbroker demanded FULL repayment of the loan; investors sold stock quickly and for a lesser value • Buyers wanted to make a quick buck, so they sold their stocks quickly instead on investing in the growth of company • Overproduction of ___________ & buying on credit: vacuum cleaners, toasters, refrigerators, etc.). • Hawley-Smoot __________ – increased import tax on foreign goods • Who encouraged banks to make risky loans? • He lost the Election of 1928 for being Catholic. • Companies cut their cost and laid off workers, which increased ________. • The _______ was a massive global economic recession that ran from 1929 to 1941. • America's "Great Depression" began with the dramatic crash of the stock market on “_________", October 24, 1929. • Stock market • Unemployment • Manufactured Goods • Black Tuesday • Herbert Hoover • Bull market • Margin • Margin call • Speculation • Federal Reserve • Black Friday • Alfred E. Smith • Tariffs • Great Depression
Today you will learn about how the Great Depression affected Americans. Life during the great depression (22-2)
Walt Disney • List the Walt Disney films discussed in the short movie? • Why do you think Walt Disney’s films are so successful, then and now?
Warm-up: • What images come to mind when you hear the words Great Depression? • Where do you think these images come from?
Art Reflects Depression: (Give a name and description of their art…) Painting 1. Writing 2. 3. Photography 4.
The Great Depression Worsens • The Depression grew worse during President Hoover’s administration • Thousands of banks & companies failed and went out of business • Many were unemployed and hungry • Bread lines & soup kitchens served the poor
Hoovervilles • Many people could not pay their rent or mortgage and lost their homes • Baliffs-court officials who threw people out on the street • Shantytowns-unused public lands where people stayed • Hoovervilles-name given for shantytowns; they blamed Hoover • Hobos-homeless and unemployed people who wandered around the country
Dust Bowl • Many farmers left their crops in the 1920s when stock prices decreased • 1932-Great Plains experienced a severe drought • Dust Bowl-winds blew the dry, unplanted soil across the GP blackening the sky for 100s of miles • Many people traveled to California for a new life, but remained homeless
Escaping the Depression • Many Americans needed entertainment to escape their problems • European actors like Greta Garbo & Marlene Dietrich became superstars • Walt Disney-produced 1st animated film • Soap operas-daytime radio dramas that appealed to wives (sponsored by laundry soap comp)
The Depression in Art • Art and literature of the 1930s showed what life was like in the Depression • Grant Wood-painter who showed traditional American values of the rural Midwest and South • John Steinbeck-novelist who wrote about the lives of people in the Depression (The Grapes of Wrath) • William Faulkner-writer who showed what his characters were thinking even before they spoke it (stream of consciousness) • Dorthea Lange – popular photographer (migrant mother)
Unit 3-Notes Quiz #2 NO QUIZ TODAY! (Exchange & Complete student crossword puzzles)
Great Depression Essay QuestionDirections: Write an essay using the following topics in paragraph format! (25 POINTS!) Paragraph 1: • Black Tuesday • Election of 1928 • Causes of the Great Depression • Herbert Hoover’s solutions Paragraph 2: • Walt Disney • “Hoovervilles” • Hobos • Dust Bowl • Angry Americans/Protest IMPORTANT: “I think, I believe, In my opinion”
Bonus Army ProtestWhat did the bonus army want? Army wanted…How did Hoover/gov’t. respond? Hoover’s response…
Today you will learn how President Hoover tried to end the Depression. Hoover responds (22-3)
Warm-up Question: • What issues have people or groups protested about in recent years? • What issues do you think are important enough to protest for?
Hoover Promotes Recovery • The president was very worried about the economy • He held meetings with banks, businesses, government officials, and labor • Big businesses broke their promise to the president to stop firing workers • Public works-government-financed building projects; Hoover tried to increase construction jobs • Made changes on the government tax plan • None of these plans worked!
Pumping money into the economy: Government Programs • Hoover used several strategies to pump money back into the economy: • National Credit Corporation (NCC)-(1931) a voluntary lending organization (mostly NY bankers, but they did not contribute enough) • Reconstruction Finance Corporation (RFC)-government funded lending agency (since private lenders would not help)—banks, railroads, and farmers got most of the money. This was not enough either • Emergency Relief & Construction Act—Hoover wanted the federal government to participate in relief; this provided direct relief to states; this program was also too late to stop the GD.
Angry Americans • Movements for change were occurring all around America during the 1930s: • Dec. 1932-crowds began to form rallies and “hunger marches” • Between 1930-1934 almost one million farmers lost their farms and forced off their land—they protested, burned their crops (hoping to drive the prices up) • Bonus Army—fought for a bill that would pay $1000 WWI veterans bonus EARLY. Senate voted it down, many vets protested and settled around Washington. • Hoover ordered the police to remove the army and many vets were killed during the removal • Americans began to dislike Hoover and were upset with him
Unit 3 Vocabulary(Ch 22 & 23) WRITE IN NOTES FOLDER! • Stock market • Bull market • Margin • Margin call • Speculation • Installment • Bailiff • Shantytown • “Hooverville” • hobo • Dust Bowl • Soap opera • Public works • Relief • Foreclose • Black Tuesday • Hawley-Smoot Tariff • Bonus Army • Gold standard • Fireside chats • Deficit spending • Binding arbitration • Sit-down strike • Social Security Act • Broker state • Safety net • New Deal • Polio • Hundred Days
Great Depression Essay QuestionDirections: Write an essay using the following topics in paragraph format! (25 POINTS!) Paragraph 1: • Black Tuesday • Election of 1928 • Causes of the Great Depression • Herbert Hoover’s solutions Paragraph 2: • Walt Disney • “Hoovervilles” • Hobos • Dust Bowl • Angry Americans/Protest IMPORTANT: “I think, I believe, In my opinion”
Patriotism Strong loyalty or belief in one’s own country; to defend one’s country • PERSONAL EXAMPLE…
Video (w/ Notes): The New Deal Column 1: How did Roosevelt’s New Deal affect American life? Column 2: What major changes in America(protests, strikes, disagreements, etc.) did people experience during this era? *Don’t just write a word, describe what it is!
Video: The New Deal • Hundred Days • FDR’s fireside chats • Wagner Act • SSA • New Deal Coalition • African-Americans • Women • Role of first lady • FDR vs. Supreme Court • Effects of the New Deal
Great Depression Essay QuestionDirections: Write an essay using the following topics in paragraph format! (25 POINTS!) Paragraph 1: • Black Tuesday • Election of 1928 • Causes of the Great Depression • Herbert Hoover’s solutions Paragraph 2: • Walt Disney • “Hoovervilles” • Hobos • Dust Bowl • Angry Americans/Protest IMPORTANT: “I think, I believe, In my opinion”
Today you will learn about the characteristics of Franklin Roosevelt, and how the banking situation of the 1930s worsened. Roosevelt takes office (23-1)
Aspects of Roosevelt’s Background 1. 2. 3. 4. 5. 6.
Roosevelt’s Rise of Power • 1932-many voters were against President Hoover, who was the Republican candidate • Democratic candidate-Franklin Delano Roosevelt (governor from NY) • New Deal-Roosevelt’s programs for ending the Great Depression
FDR: Background • Distant cousin of President Theodore Roosevelt • Born into a wealthy NY family • Educated at Harvard and Columbia University • Roosevelt was a senator, asst. secretary of the navy, vice presidential candidate • Polio-a paralyzing disease, Roosevelt was struck with it • Became governor of NY • 1931-Roosevelt helped pass legislation to help NY workers…this made him popular • 1932-Roosevelt nominated for president…he was seen as very optimistic; elected November 1932
Roosevelt is Inaugurated • Continued GD (Bank) problems: • Unemployment rose • Bank runs increased • people feared Roosevelt would get rid of the gold standard and lower the American $ • Many Americans took their money out of the banks and trade it for gold before it lost value • March 1933-over 4000 banks collapsed • Governors declared Bank holidays (38 states)—closed banks before people could make a run on them out of business
Today you will learn about FDR’s Hundred Days programs and the Second New Deal. Roosevelt takes office (23-2 & 23-3)
Unit 3 Notes Quiz #3 • What political party was Herbert Hoover apart of? • What political party was FDR apart of? • FDR was a governor from what state? • Roosevelt’s programs for ending the Great Depression… • Distant cousin of President Theodore Roosevelt • A paralyzing disease • Roosevelt’s attitude was seen as _________. • President Hoover’s attitude was seen as a ___________. • The biggest problem FDR faced at the beginning of the Great Depression dealt with what industry? • People feared Roosevelt would get rid of the ________ and lower the American $. • Polio • Great Compromise • optimistic • Democrat • Republican • Washington DC • Automobile • realistic • Independent • The New Deal • Paralisystem • Banks • NY • Railroads • Gold standard • Eleanor Roosevelt • Susan Roosevelt
Today you will learn about FDR’s Hundred Days programs and the Second New Deal. Roosevelt takes office (23-2 & 23-3)
New Deal Programs Banks and Stock Market 1. 2. 3. Debt Relief 6. 7. Farms and Industry 4. 5. Spending and Relief Programs 8. 9.
Hundred Days • Once Roosevelt came into office, he began sending bill after bill to Congress • Hundred Days—March 9 – June 16, 1933 when Congress passed 15 major laws to deal with the economy—the First New Deal