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The 1930s

The 1930s. The Good Times… END . What problems of the American economy were exposed by the Market Crash and the Great Depression?. Post WWI War Debt…. What economic principle is at play in Grmny ? Why does the US care about Grmny’s econ?. War Debt Policy….

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The 1930s

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  1. The 1930s

  2. The Good Times… END • What problems of the American economy were exposed by the Market Crash and the Great Depression?

  3. Post WWI War Debt… • What economic principle is at play in Grmny? • Why does the US care about Grmny’s econ?

  4. War Debt Policy… • How might this effect the US economy?

  5. Some industries decline in the 1920s… • WHY???

  6. …and especially FARMERS • No industry suffered as much as agriculture • During World War I European demand for American crops soared • After the war demand plummeted • Farmers increased production sending prices further downward Photo by Dorothea Lange

  7. How might YOUtry to fix these hurting industries???

  8. TARIFFS??? But this just makes things WORSE

  9. Buying on Credit…

  10. Unequal Distribution of Wealth…

  11. Runs on multiple banks from 1929 to 1933 • What does this mean? http://www.history.com/videos/banking-crisis-hits-america#banking-crisis-hits-america • You’ve seen it in the movies- http://www.youtube.com/watch?v=dT6ZGKPk9Cw

  12. Hobos

  13. Making Matters Worse…America vs. Forces of Nature_________________________________ • Overuse of soil=erosion of topsoil • Years of draught caused crop failures • Floods came because the parched land could not absorb the waters • Boll Weevil destroyed cotton

  14. “Oakies” • In song… http://www.youtube.com/watch?v=8Z6OEqc0uS0

  15. Let’s Talk about HOOVER… • Not the vacuum cleaner! • The president…HERBERT. • Republican • Generally, how do Republicans view the role of government?

  16. How Hoover Responds … • Believed… • The economic “slump” would heal on its own • Rugged Individualism • Individuals take care of themselves, No direct GOVT aid to people • Government could help groups come together to come up with solutions, but would not make those decisions

  17. Does create some government sponsored projects…

  18. REVIEW:

  19. What do people think of HOOVER?Well, what would YOU Think???

  20. Bonus Army Marches in Washington

  21. Hoover v. FDR • What is the philosophy of each candidate on government? • What does each candidate think is the problem with their opponents plan? • And how do they propose to deal with the nations economic situation?

  22. http://www.270towin.com/1932_Election/

  23. Eleanor Roosevelt • Human Rights Activist • Heavily influenced her husband • Shaped a NEW role for the FIRST LADY • Bio.com Video: http://www.biography.com/people/eleanor-roosevelt-9463366

  24. Has been used for all following presidents as an indicator of what they are able to accomplish

  25. The New Deal • Worked with the “BRAIN TRUST” to fix the problems of the Great Depression • “A NEW DEAL for the American people” • Three GOALS:

  26. “Roosevelt’s Alphabet Soup”

  27. TO DO LIST: #1- HELP BANKS • First order of business was to get the banking system in order • On March 5, one day after taking office, FDR declared a bank holiday • He persuaded Congress to pass the Emergency Relief Act, which authorized the Treasury Department to inspect the nation’s banks

  28. AMERICANS GAIN CONFIDENCE IN BANKS • Next, FDR passed the Glass-Steagall Act which established the Federal Deposit Insurance Corporation • The FDIC insured account holders up to $5,000 and set strict standards for banks to follow (today = $100,000)

  29. MORE 100 DAYS ACTIVITY • Federal Securities Act: Required stock info to be accurate and truthful • Agricultural Adjustment Act: (AAA) Raised crop prices by lowering production • Tennessee Valley Authority: (TVA) Focused on direct relief to hard hit area– created ambitious dam projects

  30. TVA

  31. ALPHABET AGENCIES • CCC – Civilian Conservation Corps put young men to work • Men ages 18 to 25 worked building roads, parks, planting trees (200 million trees in Dust Bowl areas) • By 1942 three million men worked for the CCC

  32. ALPHABET AGENCIES • PWA – Public Works Administration was part of the NIRA (National Industrial Recovery Act) • The PWA provided money to states to construct schools and community buildings PWA workers construct a public building in Hartford, Connecticut

  33. ALPHABET AGENCIES • CWA – Civil Works Administration built 40,000 schools and provided salaries for 50,000 teachers in rural America • Also built 500,000 miles of roads CWA School in Woodville, CA

  34. ALPHABET AGENCIES • FHA – Federal Housing Administration provided home loans, home mortgages and repairs Repaired business in Childersburg, Alabama

  35. ALPHABET AGENCIES • FERA – Federal Emergency Relief Agency provided $500 million in direct relief to the neediest Americans Citizens wait outside a FERA in Calipatria, CA for relief checks

  36. CRITICS EMERGE • Despite the renewed confidence of many Americans, critics from both political spectrums emerged • Liberals (left) felt FDR’s program was NOT doing enough • Conservatives (right) felt that government intervention was TOO much and interfered with our free market economy

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