Keywords:

Depression and the New Deal: Revision

Objective:

1. To recap learning from unit 3 and 4 of America2. To examine how to apply knowledge to exam qs.

Why did the US stock market crash?

• In October 1929 the Wall Street Crash happened bringing about an end to prosperity.

• Black Thursday: 24 Oct 1929, 13 million shares sold

Over-production

Overproduction

Speculations

Tariffs

Panic selling

Unequal distribution of wealth

How did Farmers suffer in the 1930’s?

Income on farms dropped 60%

Still suffering from overproduction during the 1920s – prices were low so little profit

Over-farming had led to soil becoming INFERTILE in Iowa. This created a DUST BOWL!

Could not afford to pay mortgages and lost their farms.

Farm workers lost jobs

1 million people travelling around looking for work

Did Hoover try to solve the Depression?

He offered $4,000 million for major building projects to create jobs (Hoover Dam)

He cut taxes to try to encourage people to spendBought up farmers produce for more than it was worth

Created the Emergency Relief Act - $300 million to statesSet up Reconstruction Finance Corporation – loans to

businesses

He believed in laissez faire – so did very little to help economic recovery

He believed in Rugged Individualism

How did Roosevelt deal with the Depression?

Fireside Chats

What were they?

What did they intend to do?

Were they successful?

Resolved the Banking Crisis

What was the problem with the banks?

What was teh Emergency Banking Relief Act?

How did Roosevelt restore confidence?

The New Deal

What was planned in the lame duck months? The first 100 days?

What would be created?

What were the Alphabet Agencies?

AAA• Name:

• Goal:

• Method:

• Judgement

CCC• Name:

• Goal:

• Method:

• Judgement

NRA• Name:

• Goal:

• Method:

• Judgement

PWA• Name:

• Goal:

• Method:

• Judgement

WPA• Name:

• Goal:

• Method:

• Judgement

Exam Questions

Who opposed the New Deal and Why?

Too Little Too Much

Businessmen/Industrialists

Supreme Court

Republicans

Blacks

Huey Long

How did WWII help the American economy?

Lend Lease

Women joining the workforce

Conscription

Northern Migration

Which helped more in ending the Depression:• Roosevelt’s New Deal

or• World War II?