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The Great Depression Week 15
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Do Now /7 How did the legislation excerpted above affect the relationship between the US government and its citizens? It allowed the government to tax investment income It allowed people to have more direct input in government decisions It made most people distrust the power of the government It made the government more responsible for the people’s economic welfare
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Fixing the Economy Thursday – 12/7/17
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Bank Holiday Emergency Banking Act FDR closed all national banks
Banking regulations Safeguards against future economic depression
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HOT Question Why did President Roosevelt believe a Bank Holiday was necessary to being economic recovery?
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Economic Legislation Revenue Act 1935 Banking Act 1935
Increased taxes on high income and large corporations Banking Act 1935 Extended federal control over private banking practices National Recovery Act Controlled prices and wages and ensured fair competition in industry
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FDIC Federal Deposit Insurance Corporation
Restore trust in America’s banks Money deposited in banks is insured against future closures or economic depression
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SEC Securities and Exchange Commission Regulate stocks and bonds
Stop fraud Regulated utility rates and financial practices
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HOT Questions What was the purpose of the FDIC?
What was the purpose of the SEC?
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Federal Reserve Central Banking System
Created to counter financial crisis’ Regulates monetary ($) policy
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HOT Question In your opinion, were President Roosevelt’s monetary policies successful? Explain.
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CLOSING Create an advertisement that informs the general public about the benefits of the Federal Reserve
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Do Now /8 What do you know about the Dust Bowl?
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The Dust Bowl Friday – 12/8/17
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HOT Questions Which geographical areas of the United States experienced the severest soil erosion (caused by wind)? Predict how the Dust Bowl changed settlement patterns in the United States.
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Physical Factors Causes of the Dust Bowl:
Severe drought (no rain) Overgrazed fields (by livestock) Over plowed fields High winds Drought, grazing and plowing destroyed the grass that held the soil in place High winds carried the loose soil across the nation (dust storms)
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HOT Questions What practices created the Dust Bowl of the 1930s?
Predict what changes people will experience during the Dust Bowl.
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Human Factors Dorothea Lange Migrant Workers Oklahoma & Arkansas
Sunbelt Migrated to the west coast Searching for jobs Treated poorly Dorothea Lange
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Woodie Guthrie Singer/Song writer
Sang about migrant farmers and hard times during the Great Depression This Land is Your Land Dust Bowl Refugee
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John Steinbeck Grapes of Wrath, 1939 Realism
Tells the story of a poor family of tenant farmers in Oklahoma during the Great Depression They are driven from their home by drought, economic hardship and bank foreclosures Weg
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AAA Agricultural Adjustment Act New Deal legislation
Boost agricultural prices by reducing surplus Government bought and slaughtered livestock Government paid farmers subsidies to NOT farm portions of their land (soil conservation and farming regulation)
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HOT Questions Who might have suffered as a result of the Agricultural Adjustment Act?
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CLOSING Create an acrostic poem with the term DUST BOWL
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