1. Crash and Depression Bust and Bummer 1, 2, 3, 19, 20, 22, 23, 24, 25, 26, 27, 28, 63,

2. Causes of the Stock Market Crash  Overproduction and the excessive use of credit main causes of crash  Other causes uneven distribution of wealth weak farm economy overproduction of consumer goods practice of buying stocks with borrowed money

3. Hoover and the Depression  Hoover provided the following state and local relief programs business maintaining wages and employment private volunteer efforts emergency financing for banks and railroads  Economic indicators farm prices (went down) national income (went down) GNP (went down) earnings (went down) unemployment (went up)  Bonus March (Herbert Hover and Douglas MacArthur) WW I veterans tried to pressure Congress to pay them their retirement bonuses early.

4. New Deal Policies  The National Industrial Recovery Act and the National Labor Relations Act are often cited as evidence that New Deal legislation sympathized with the interests of workers  The New Deal legislation that has had the widest impact over the past 60 years is the Social Security Act  The New Deal implemented theories of John Maynard Keynes that stressed the importance of deficit spending for “pump priming”

5. Second New Deal  the Social Security Act  the Wagner Act  the Works Progress Administration  the Resettlement Administration

6. FDR New Deal Problems  The clash between FDR and the United States Supreme Court over New Deal laws best illustrates the operation of checks and balances  In response to conservative rulings of the Supreme Court, President Roosevelt took action that resulted in his first major legislative defeat  The greatest threat to Franklin D. Roosevelt and the New Deal was Huey Long

7. New Deal Changes  Roosevelt’s use of federal deficit spending  A majority of African Americans voting for Democratic candidates  Passage of the Social Security Act  Increased power of labor unions  In the 1930s, one factor that accounted for the westward migration of farmers from the Great Plains was the dust bowl