KEY LEARNING OF THIS UNIT In the 1930's, the Great Depression caused high unemployment, business failures, and farm foreclosures. Many people lost their homes and savings and became willing to vote for politicians who offered new approaches to solving the crisis. UNIT ESSENTIAL QUESTION How did the Great Depression which consequently sparked a “New Deal” for Americans dramatically affect America socially, politically, and economically then and years in the future? CONCEPT Although the 1920's were prosperous, speculation in the stock market, risky lending policies, overproduction, and uneven income distribution eventually undermined the economy and led to the Great Depression. LEQ 1. What is the difference between "trickle down" and "pump priming" economic theories? 2. How does the business cycle work? 3. What were the causes of the Great Depression? 4. Was the Great Depression inevitable? 5. What were the causes and effects of the Stock Market Crash? VOCABULARY “trickle down” economics, “pump priming” economics, business cycle, stock market, 10-29-1929, Black Tuesday, buying on margin, speculation, bank runs, Hawley-Smoot tariff, Herbert Hoover, Election of 1828 LEQ 1. What type of problems do you think government can and should solve? 2. What difficulties can result when the government tries to regulate the economy? 3. Is self-help the best response to solve unemployment in America? 4. Which economic theory do you feel is the best for economic recovery? 5. Which political party supports each economic theory respectively? VOCABULARY “trickle down” economics, “pump priming” economics, business cycle CONCEPT The Great Depression caused large numbers of people to lose their jobs and property. To help people escape their misery, popular entertainment offered humorous and optimistic movies and radio programs. President Hoover tried to fix the economy by providing loans to banks and corporations and by starting public works projects. Later, he reluctantly supported direct aid to impoverished families. By the early 1930's, more Americans were demanding the government's help. LEQ 1. What were the social and economic responses of the Great Depression? 2. How did individuals cope or escape the realities of life during the Great Depression? VOCABULARY Hoovervilles, Hobos, Walt Disney, soap operas, Marathon dancing, Riding the Rails, Orphan Trains, Wizard of Oz, Gone With the Wind, Groucho Marx, Shirley Temple, Dorothea Lange CONCEPT Franklin Delano Roosevelt was elected president in 1932, following his promise of a "new deal" for Americans. During the 1930's, New Deal programs increased government regulation of banking, industry, and farming; gave greater rights to workers; and provided government aid to the unemployed and senior citizens. LEQ 1. Which business theories did Franklin Roosevelt and Herbert Hoover respectively support? 2. Do you believe that America needs a New Deal or will a New Deal harm America? 3. Why was the election of 1932 a momentous turning point election in American history? VOCABULARY “Happy Days Are Here Again,” “Brother, Can You Spare a Dime,” FDR, Hoover, Norman Thomas, New Deal, 20th Amendment, 21st Amendment, “You have nothing to fear but fear itself,” Brain Trust, fireside chats LEQ 1. Do you approve with the motives of the Bonus Army? 2. How did Herbert Hoover try to respond to the Great Depression and the Bonus Army March? LEQ 1. What were the effects of the New Deal efforts of the First 100 days? 2. What were the major relief, recovery and reform programs of the New Deal? 3. How did the First New Deal compare to the Second New Deal? VOCABULARY Bonus Army, General MacArthur, “rugged individualism,” Agricultural Marketing Act, Reconstruction Finance Corporation, Public Works, Hoover Dam VOCABULARY Bank Holiday, First 100 Days, relief, recovery, reform, FERA, WPA, CCC, NYA, FCA, AAA, RFC, PWA, HOLC, FHA, NRA, FDIC, SEC, Social Security, REA, TVA, Wagner Act, Fair Labor Standards Act, Alphabet Soup LEQ (2 lessons) 1.How would you rate FDR’s efforts as a president to solve the Great Depression? 2.How would you rate Eleanor Roosevelt’s efforts as First Lady to help solve the Great Depression? VOCABULARY Same as previous day LEQ 1. What were the causes of the Dust Bowl? 2. What were the ripple effects of the Dust Bowl during the Great Depression? VOCABULARY John Steinbeck, Grapes of Wrath, Okies, Joad Family, Dust Bowl CONCEPT CONCEPT CONCEPT LEQ LEQ In response to criticisms of the New Deal, President Roosevelt introduced several major pieces of legislation in 1935. These laws created the Works Progress Administration, the National Labor Relations Board, and the Social Security Administration. LEQ 1. What were arguments of critics and supporters of the New Deal? 2. Did the New Deal successfully end the Great Depression? 3. Is the New Deal a momentous achievement? 4. What is the legacy of the New Deal? 5. Was it a great achievement or did it achieve little? VOCABULARY Franklin Roosevelt, Adolf Berle, Benjamin Gardiner Corcoran, Felix Frankfurter, Louis Howe, Raymond Moley, Basil O’Connor, George Peek, Charles William Taussig, Rexford Tugwell, Hugh S. Johnson, F. Palmer Weber, James Warburg, Frances Perkins, John Davis, Father Charles Coughlin, Senator Huey Long, Francis Townshend, George Barnett, Irenee DuPont, Knickerbocker Holiday, Elizabeth Dilling, Milton Friedman, Garet Garrett, David Lawrence, Owen Josephus Roberts, Robert Taft, Al Smith, George N. Peek, John C. Gall, Malcolm Muir, William Randolph Hearst, John Nance Garner, Senator Burton Wheeler, Max Shachtman, James Cannon, John L. Lewis, Congressman William Lemke, Senator Carter Class, Herbert Hoover, Louis Brandeis, Gerald L.K. Smith, Hugo Black, Clarence Darrow, Robert C. Weaver, Norman Thomas, American Liberty League, Harry Hopkins LEQ 1. Will social security more help or harm America? 2. What is the legacy of the New Deal? Was it a great achievement or did it achieve little? 3. Is the New Deal a momentous achievement? LEQ LEQ VOCABULARY Deficit spending, Social Security, unemployment, Recession of 1937, safety net LEQ (2 days) VOCABULARY VOCABULARY VOCABULARY LEQ