THE GREAT DEPRESSION AND THE NEW DEAL NOTE GUIDE
TERM
1. Overproduction
2.
3.
4.
5.
6.
DEFINITION
This was 1 causes of the
Great Depression. Farmers
increased farm crops to meet
demands of WWI, bought
costly equipment and buried
themselves in debt.
Uneven distribution Wages grew gradually but
of wealth
production increased
astronomically. Output
jumped 32% but wages only
went up 8%. 1% of wealthiest
earned the same amount as
42% of the bottom class.
Credit Problems
Americans bought
automobiles, appliances,
radios etc. the expansion of
credit promoted
consumerism.
Stock Market Crashes
October 29, 1929 the stock
market crashed and the
American economy plunged
into the Great Depression.
The Great Depression lasted
from 1929 to 1941.
Hawley Smoot Tariff Tax that raised prices on
foreign imports to such a
level that they could NOT
compete in the American
market. Foreign nations
retaliated and passed tariffs
on their own. (see chart page
372)
Effects the Great
(1) Banks close
Depression
(2) Businesses close
(3) Tariffs are passed
(4) Depression goes
global
(5) International trade
goes down
SO WHAT? WHAT IS THE
IMPACT/EFFECT?
7. Breadlines
8. Hoovervilles
9. Tenant Farmers
10.Dust Bowl
11.okies
12. volunteerism
13. localism
14. Reconstruction Finance
Corporation
15. Trickledown economics
16. Bonus Army
17. Grapes of Wrath/John
Place where people lined up
to get handouts from
charities or public agencies.
Makeshift shanty towns or
tents where homeless people
lived. Homeless
communities…homes made
out of boxes…called
Hoovervilles because people
blamed President Hoover.
People who work for large
landowners
An area of the Midwest that
was affected by Dust Storms
at the same time as the Great
Depression. Some states
were Texas, Oklahoma,
Nebraska, South Dakota and
North Dakota.
Dust Bowl refugees who fled
Oklahoma traveling to
California in search of a job.
Individuals donate their time
to help those in need
A belief that problems must
be solved at the local and
state level
Passed in 1932 to give billions
of dollars in loans to the
railroads and business
(Hoover Dam)
Money poured at the top of
the economic pyramid would
trickle down to the lower
levels.
WWI troops that went to DC
asking for their lump sum
payment. Hoover ordered
tanks to run them out of
Washington DC. Douglas
MacArthur was the head of
this mission.
Pulitzer Prize winning book
Steinbeck
18. Impact of the Great
Depression
from 1940….written about
poverty of the Great
Depression and the struggles
of the OKIES
Stock Market regulations,
expansion of government,
mass migration, government
responsible for the people