1. The bell rings or you are LATE!
You must be IN YOUR
ASSIGNED SEAT when
The bell rings or you are LATE!

2. Automatic Referral—Zero Tolerance
Reminders
NO Phones or Earphones!
Automatic Referral—Zero Tolerance

3. End of 2nd 6 Weeks! All Make Up Work is DUE On Wed, April 24th
April 22nd……
All Make Up Work is DUE
On Wed, April 24th

4. US History
Notebook Check 2
And
Notes 9 Quiz
FRIDAY

5. Notes #9
VOCAB!

6. pragmatic (adj.) Having a practical point of view
Syn: practical, realistic, down to earth

7. rugged individualism (n.)
belief individual can succeed w/o govt. help
Syn: self-reliance;

8. humanitarianism (n.)
Belief that people should care about well-being of all people
Syn: selflessness

9. public works (n.)
Infrastructure such as roads, post offices, or dams paid for by govt. $$$ for public use.
Syn: publicly funded construction

10. relief (n.)
Money, food, or other help given to those in poverty or need
Syn: aid, assistance, welfare

11. Stock market Crash and Great Depression Part 1
Key Terms
Bank “Runs”
Unemployment
President Hoover Tries
Credit
Buying on “Margin”
Black Tuesday

12. Buying on “Credit” -Buy Now, Pay Later -You guys know how this works,
Think of credit cards or layaway
-Consumers spent too much
On things they could not
afford

13. Great Depression 1920s: stock market kept going up!!!
People borrowed money to buy stocks… called ‘BUYING on THE MARGIN’

14. Pay off debt with your earnings!
Playing the Stock Market
1921
Buy stock on margin!
Pay only 10% down!
Buy now,
pay later.
Pay off debt with your earnings!
Pay $100, get $900 on credit!
Stock Broker

15. 1929 Farming totally wipes out... Farming Stock: $0 Steel
Companies lied about profits.
Investment drops. Workers laid off.
Stock:$800
Durable Goods
Consumerism– Workers cannot afford
new items. Workers laid off.
Stock: $400
Railroads
Railroads do not make as much profit
as expected. Cannot pay stock holders.
Workers laid off.
Stocks: $1200
Banking
People cannot pay debts.
Banks fail. Workers laid off.
Stocks: $1200

16. Stocks become worthless!
Playing the Stock Market
1929
People cannot make payments for
Stock bought on margin!
Stocks become worthless!
Stock Broker

18. Bank Runs People became so scared their bank
Would go out of business that they
All rushed to the bank to get their
Money.
This caused the Banks to start crashing.
You saw this in the video we watched.

20. Unemployment Unemployment shot Up after banks started Pulling loans.
Was 3% before Black
Tuesday. Shot up to
25% by 1933.

21. Herbert Hoover Was the President when the stock
Market crash happened, so he has
Gotten the blame.
Believed that government should
Mostly stay out of economic issues
Tried a few small programs to help, like the
Hoover Dam and loans for businesses.
It was too little, too late….

22. Franklin D. Roosevelt and the New Deal
Key Terms
Herbert Hoover
Election of 1932
Fireside Chats
New Deal
NRA
AAA
CCC
Social Security
Critics of New Deal-Why?
Roosevelt Coalition
3 Accomplishments
Franklin D. Roosevelt and the New Deal

23. Hoover Tried….but failed
Trusted business
Believed in a balanced budget, so he would not spend enough money
He was not a good communicator

24. Election of 1932
In 1932 presidential election, FDR was perceived as a man of action.
Hoover was viewed as a “do-nothing president.”
Results: a landslide for Democrats

26. Situation When FDR Entered Office
In March 1933, the country was virtually leaderless and the banking system had collapsed.

27. FDR Restored Confidence
In his inaugural address, he said “The only thing we have to fear is fear itself….”
Fireside Chats: Speeches on the radio given as a regular conversation

28. Purposes of the New Deal
The “New Deal” was the name of FDR’s plan for ending the Depression.
It had two parts:
Relief: to provide jobs for the unemployed
Recovery: to get the economy back into high gear

29. National Recovery Act (NRA)
Purpose: recovery of industry and jobs
Created a partnership of business, labor, and government to save businesses and jobs.

30. First Agricultural Adjustment Act (AAA)
Purpose: the recovery of agriculture
Paid farmers who agreed to reduce production of basic crops
To raise prices
Backlash: People were hungry, but food production was cut back!

31. New Deal, pt. 2 Key Terms FDIC CCC Social Security
Critics of the New Deal
Roosevelt Coalition
Three Accomplishments

32. Insurance Corporation)
FDIC (Federal Deposit
Insurance Corporation)
-We needed to stop bank runs and
Make sure people’s money was safe.
-The FDIC returns your deposits if a
Bank goes out of business.
-We still have this today!

33. Civilian Conservation Corp (CCC)
Purpose: relief through Public Works
Gave outdoor work to unemployed men between the ages of 17 and 29
They received $30 per month, but $22 went back to the family

34. Social Security Act
Money taken out in a special tax….used to fund pensions for old people and disabled people.
The trick of an “account.” There Really is no account with your name.

35. The New Deal on Trial NEW DEAL
Some people didn’t like the New Deal Programs…..
NEW DEAL

36. Criticisms of Conservative Opponents
Conservative opponents said the New Deal went too far:
It added to the national debt ($35 billion)
It violated the constitution & states rights
It increased the power of the Presidency too much!

37. The Roosevelt Coalition
With many New Deal programs helping people, Roosevelt was able to build the Democratic Party very strong….
Workers, Farmers, Women, African Americans
Democrats Held Power until Nixon/Reagan.

38. The Significance of the New Deal 3 Accomplishments

39. 1. Role of Government
Established the idea that government has responsibility for the health, welfare, and security, as well as the protection and education of its citizens

40. 2. Political System Strengthened executive branch
Reasserted presidential leadership
(Some people don’t like this very much.)

41. 3. Saved Democracy?
The New Deal maintained a democratic system of government and society.
Remember that at this time, major nations like Italy and Germany fell to radical dictators…but the USA did not….

42. Did it end the Depression?

46. Not Really. It helped
A lot of people, but the
Depression would go on
Until WW2 started.