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Great Depression/New Deal Module
Great Depression/New Deal Module
Dust Bowl
The Dust Bowl was the name given to the drought-stricken Southern Plains region of the United States, which suffered severe dust storms during a dry period in the 1930s. As high winds and choking dust swept the region from Texas to Nebraska, people and livestock were killed and crops failed across the entire region.
Migration during the 30s
People migrated from areas effected by the Dust Bowl, as well as, those affected by the Great Depression and loss of funds in the banks and jobs, to find jobs in other places.
Federal Reserve
If a bank was irresponsible and loses your money in the stock market, the Federal Reserve System can lend the bank money to prevent it from collapsing. ... People stopped regulating banks and banks became even more irresponsible. This is one of the factors contributing to the Great Depression.
Great Depression
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Bank Failures
As the economic depression deepened in the early 30s, and as farmers had less and less money to spend in town, banks began to fail at alarming rates. ... After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. In all, 9,000 banks failed during the decade of the 30s.
Speculation
Act of buying stocks at great risk with the anticipation that the price will rise. Why: Many buyers engaged in speculation thinking that the market was going to climb so they could sell the stocks quickly and make their money back.
Tariffs on World Trade
Tariffs have historically served a key role In the trade policy of the United States. ... They also aimed to reduce the trade deficit and the pressure of foreign competition. Tariffs were one of the pillars of the American System that allowed the rapid development and industrialization of the United States.
Monetary Policy of the Federal Reserve System
The Great Depression resulted in lasting changes in the domestic and international monetary regime that substantially weakened the gold standard, increased political control of monetary policy, and created new opportunities to monetize government debt, all of which gave monetary policy an inflation bias.
Repatriation
The Mexican Repatriation was a mass deportation of Mexicans and Mexican-Americans from the United States between 1929 and 1936. ... An estimated sixty percent of those deported were birthright citizens of the United States
President Hoover and Hoovervilles
A "Hooverville" was a shanty town built during the Great Depression by the homeless in the United States. They were named after Herbert Hoover, who was President of the United States during the onset of the Depression and was widely blamed for it.
President Franklin D. Rooselvelt New Deal
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939.
Eleanor Roosevelt
Anna Eleanor Roosevelt, (October 11, 1884 – November 7, 1962) was an American political figure, diplomat and activist. ... Roosevelt served as United States Delegate to the United Nations General Assembly from 1945 to 1952.
"Great minds discuss ideas; average minds discuss events; small minds discuss people."
Packing the Court
The Judicial Procedures Reform Bill of 1937, frequently called the "court-packing plan", was a legislative initiative proposed by U.S. President Franklin D. Roosevelt. Members of both parties viewed the legislation as an attempt to stack the court, and many Democrats, including Vice President John Nance Garner, opposed it
Social Security Administration
The Social Security Administration (SSA) is a U.S. government agency that administers social programs covering disability, retirement, and survivors' benefits. It was created in 1935 by President Franklin D. Roosevelt.
Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation (FDIC), independent U.S. government corporation created under authority of the Banking Act of 1933 (also known as the Glass-Steagall Act), with the responsibility to insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate banking.
Civilian Conservation Corps
The Civilian Conservation Corps (CCC) was a work relief program that gave millions of young men employment on environmental projects during the Great Depression. The CCC helped to shape the modern national and state park systems we enjoy today.
Securities and Exchange Commission
The Securities and Exchange Commission, or SEC, is an independent federal regulatory agency tasked with protecting investors and capital, overseeing the stock market and proposing and enforcing federal securities laws.
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