Great Depression/FDR's New Deal
What are domestic policies?
"trickle down" economics, high tariffs to protect businesses, and a decline in international trade
What impact did the Depression have on minorities?
Discrimination
What are causes of the Great Depression?
Domestic Policies, unequal distribution of wealth, overproduction, real estate and stock speculation, the crash and bank collapse, and tolls on the farming industry.
What was the purpose of the Emergency Banking Act?
Roosevelt closed and inspected all of the banks to reassure the nation's trust in the country and its banks
Why did African Americans criticize the New Deal?
Roosevelt did not push for full civil rights because he wanted the white Southern vote
Compare and contrast the strategies used by Hoover and Roosevelt in how they attempted to fix the economy.
Roosevelt was willing to do more to combat the Great Depression, and he tried to improve the public's morale. Hoover thought the economy would be able to fix itself, and he didn't try to improve his public image.
What political group became popular in the 1930s?
The Communists
Why did women criticize the New Deal?
agencies still discriminated them in hiring and were paid less/offered less opportunities than men
Why did Conservatives criticize the New Deal?
believed that there was too much government interference, penalized hard-working people, and taxed the rich
Why did Liberals criticize the New Deal?
believed the New Deal did not go far enough and wanted to completely eliminate poverty
What is real estate and stock speculation?
buying land to resell, unable to sell, land demand decrease, buying stocks on the margin
Why would people modern day criticize the New Deal?
created a large federal government, encouraged deficit spending (using borrowed money to fund programs), and national debt rose
What impact did the Depression have on farmers?
dust bowl, farm equipment was taken by the bank, penny auctions
What is unequal distribution of wealth?
gap between rich and poor increased, middle class paid more in taxes, and people lost their purchasing power
What impact did the Depression have on women?
in charge of the family, had to get working jobs, were discriminated against in job interviews
What is the legacy of the New Deal?
it restored hope and people finally looked to the government for support again
What is overproduction?
new technology, demand in Europe decreased, demand for new products slowed, unable to pay back loans
What were tolls on the farming industry?
overproductions caused decline of farmers' income, unable to payback loans on farm equipment, dust bowl
What is the crash and bank collapse?
prices went down, investors unable to pay off their margin loan, customers' savings accounts were wiped out
What impact did the Depression have on children?
taken away from their families, died from tuberculosis
What two factors contributed to the Dust Bowl?
the farmers did not rotate their crops and their methods of plowing eliminated the topsoil
