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Explore how the Great Depression changed lives, led to the New Deal, and shaped government policies. Understand the economic collapse, human costs, Hoover's failed efforts, Roosevelt's New Deal initiatives, and daily life struggles during the 1930s.
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Chapter 23 I can understand how the Great Depression affected the American People and changed the role of government The Great Depression and the New Deal
Bullet Points p. 795 Read pgs. 770 - 775
Ch 23, Sec 1Hoover and the Crash • I can understand how the economy collapsed after the stock market crash
Remember?? • Mining, RR’s, clothing, agriculture all declining BUT • Stock prices rising • Buying on credit and margin
Watch Out • This works as long as you can sell your stock and still pay the margin. • That means stock prices HAVE TO rise • Oct. 23, 1929, stock prices fell • Market crashed completely, Oct. 29, 1929 – BLACK TUESDAY
CAUSES OF DEPRESSION • Stock market crash – investors lost $ • Overproduction • Farms go bankrupt, can’t pay loans • Banks fail – depositors lose $ • Business close • Foreign countries can’t pay debt
Human Cost • Unemployment 1929-1933, 3% to 25% (25 mil) • City people hit hard • Salaries cut • Poverty • People lost homes
Hoover • Thought all would work out • Urged local gov’t, business and charities to help • Finally – The Reconstruction Finance Corporation • Didn’t work
Hoover • Didn’t work. • Hoovervilles • June 1932 Bonus march on Washington D.C.
Read pgs. 776 - 781 Bullet Points p. 795
Ch 23 Sec 2Roosevelt and the New Deal • I can understand how Franklin Roosevelt responded to the Great Depression
F.D.R. • Elected President Nov. 1932, took office in 1933 • Created the New Deal • Became a popular President
F.D.R. • Said in inaugural speech, March 4, 1933 “THE ONLY THING WE HAVE TO FEAR IS FEAR ITSELF”
F.D.R. • Closed banks for 4 days • Got Congress to pass the Emergency Banking Relief Act on March 9, 1933 • Talked on Radio, Fireside chats
F.D.R. GOALS • Relief for jobless • Economic recovery • Reforms to prevent repeats
JOBS GOVERNMENT AGENCIES • F.E.R.A. – Financial help for unemployed • C.C.C. – hired jobless men for conservation projects • W.P.A. – Hired people to build government projects
Economic Recovery • N.R.A. – Stabilize prices, increase employment • P.W.A. – hired people for government projects • T.V.A. – build dams
REFORMS • F.D.I.C. • Companies must report honestly about stock • Federal agencies to enforce rules
Obstacles • Supreme Court – Ruled some reforms unconstitutional SOLUTION • Roosevelt tried to increase court members and appoint people who agreed with him
Outcome • Congress said NO! ?? – Does the Constitution say how many members on Court • NO!! But Congress disagreed • What does this say about FDR?
Outcome • Roosevelt eventually appointed 8 members during his 4 terms
Critics • Huey Long – Democrat Louisiana - Take from the rich and give to the poor
Critics • Francis Townsend – Gov’t pensions. Every retired person gets $200 per month • - Did not pass but led to Social Security
Critics • Fr. Charles Coughlin – Gov’t should take over banks
What do you think? • Long – • Townsend - • Coughlin -
Bullet Points p. 795 Read pgs. 782 - 787
Ch 23 Sec 3Life in the Great Depression • I can understand how the Great Depression affected daily life
Life during Depression - Women • Women – Secretaries, Teachers. What problems could they face?
An active First Lady • Who is the First Lady? • Eleanor Roosevelt transformed job • Became an activist -Eyes and ears of President - Speeches on radio, wrote newspaper articles - Championed women’s rights
African Americans • Cotton prices down • African Americans lost jobs • Moved to cities in south • Whites held jobs • 50% unemployment
The Great Migration - Continued • Blacks moved North • Blacks found few jobs
F.D.R. – Mixed record • African Americans supported F.D.R. • Appointed 100 African Americans to gov’t jobs • Unofficial black cabinet – Advised F.D.R. on African American issues
F.D.R. Mixed Record • Did not support Federal Anti-Lynching law – WHY? - Afraid of losing white Southern Senators vote on New Deal programs • Did little to support minority rights including Mexicans (now being deported)
Symbolism • African American singer, Marian Anderson denied opportunity to sing at D.A.R. Hall – 1939 • Eleanor Roosevelt quit D.A.R. • Arranged performance At Lincoln Memorial – Easter – 75,00 attended