January 22, 2015 • Please sit quietly and begin working on the Warm-Up. Homework: Catch up on Study Guide, Quia Quiz 5 & 6, Work on Project Today’s Agenda & Objective 1. Warm-up 2. Activity 3. Data Analysis & Discussion • Analyze data to evaluate the causes of the Great Depression. Please get into your Home Groups! • • • • Stock Brokers- Joesph’s Group Non-wealthy investors- Ashley’s & Alexandria’s Groups Wealthy investors- Adrian’s & Jordan’s Groups Bankers- James’ Group Please write your Group’s situation Non-wealthy investors- You have invested money in the stock market by paying 10% of the stocks’ total cost and borrowing the rest from your stock broker. Wealthy investors- You have invested $ in the stock market by paying 100% of the stocks’ cost. Stock Brokers- you invest $ for investors. For non-wealthy investors, you take out loans from he bank to cover 90% of the stocks’ cost. Bankers- You lent $ to the stockbrokers to cover 90% of the stocks’ cost that the non-wealthy investors owe to the stockbrokers. January 1926 The stock market is booming. Production and consumer spending is strong and the value of most stocks continue to rise Non-wealthy investors- Collect 10 pieces of wealth from Ms. Pena but give 5 pieces of wealth to the stock brokers to pay off some of your loan. Stock brokers- collect 5 pieces of wealth from the non-wealthy investors but give 4 pieces of wealth to the bank Bankers-to pay off some of your loan collect 4 pieces of wealth from the stock brokers. Wealthy investors- collect 10 pieces of wealth from Ms. Pena and keep all of them Log Your Information! April 1928 Business and consumer spending begin to slow due to overproduction and under-consumption. The stock market declines slightly as people begin to sell some of their stock. Non-wealthy investors- Give 1 piece of wealth to Ms. Pena and give 1 piece of wealth to the stockbrokers to pay off some of your loan. Stock brokers- collect 1 piece of wealth from the nonwealthy investors but give it directly to the bank Bankers-to pay off some of your loan collect 1 piece of wealth from the stock brokers. Wealthy investors- Give 1 piece of wealth to Ms. Pena Log Your Information! October 21, 1929 The stock market takes a big drop. People begin to lose confidence in the market and sell stock rapidly. The overall value of the market goes down. Stock brokers recall the loans from non-wealthy investors, who cannot pay them. Banks call in their loans lent to stockbrokers. • Non-wealthy investors- Give 3 pieces of wealth to Ms. Pena • Stock Brokers- Give 4 pieces of wealth to the Bankers and give 2 pieces of wealth to Ms. Pena • Bankers- Collect 1 piece of wealth from the Stock Brokers • Wealthy Investors- Give 3 pieces of wealth to Ms. Pena Log Your Information! October 29, 1929 BLACK TUESDAY! A selling frenzy makes many stocks worthless, and the overall value of the market declines drasticaLly. Bankers invest in the market in an attempt to keep stock values up, and President Hoover assures the public that the market is still safe for investments. • Wealthy Investors-Give 3 pieces of wealth to Ms. Pena • Bankers- Give 3 pieces of wealth to Ms. Pena December 1929 The bankers’ attempts to save the market fail and banks lose their investment. The value of the stock market continues to decline. Wealthy investors lose their investment since there are no buyers to buy their remaining stock. $30 billion of wealth is lost. Confidence in the stock market plummets and remains low throughout the early years of the Great Depression. • Wealthy Investors- Give 3 pieces of wealth to Ms. Pena • Bankers- Give 3 pieces of wealth to Ms. Pena Please plot data on your graph and connect the points! Then answer questions 1-16 with your partner. Skip #15. What caused the Great Depression? January 21, 2015 Please sit quietly and begin on the Warm-Up Activity. Homework: Read p. 478-482, Study Guide p. 8, Work on Project Election of 1928 • Herbert Hoover (Republican) won by majority • Experience under Harding and Coolidge administration • Prosperity of Republican presidents helped Causes of the Great Depression • Consumers and farmers in debt • Industries weak (RR lose money to the car) • Wartime industries no longer in demand (automobile, construction & goods) • WWI prices rose as demand soared • After WWI crop prices dropped with the drop in demand, farmers kept growing crops • Farmers went into debt and couldn’t pay off loans • Decreased incomes led to decreased # of goods purchased • Buying on credit with the installment plan increased debt and led to cut on spending • Uneven distribution of income- rich got richer, poor got poorer • Availability of loans Stock Market • Increased confidence of American economy • Dow Jones Industrial Average- measure of stock market’s health • In the 1920s, stock prices rose and Americans rushed to buy stocks • Americans engaged in overspeculation- bought stocks for quick profit • Many people began buying on margin • Black Tuesday • October 29, 1929 Great Depression • Declining economy and increased unemployment (25%) • Bank and business failures • After the crash many withdrew money from banks but banks used money to invest in stocks • Less goods produced • Workers experienced pay cuts and decreased hours International Depression • • • • European nations recovering from WWI suffered Decreased demand for American products Dawes Plan Hawley Smoot Tariff (1930) highest in US History • Prevented other countries from buying products Herbert Hoover’s Response • Tried to reassure nation the economy was sound and need to be optimistic • Believed in limited role of government (semi laissez faire) • Hoover opposed welfare or relief to needy • Call for voluntarism- individuals, organizations and charities help the less fortunate • American mentality- frustrated yet don’t want to depend on government Economic Cycle Review the following Key Terms! • • • • • • • installment plan buying on credit Great Depression Black Tuesday Herbert Hoover buying on margin overspeculation January 22, 2015 • Please begin working on the Warm-Up Homework: Catch up on Study Guide, Work on Project Attention: • Please be respectful about the information you read, see or hear throughout today’s lesson. • Noises, laughter will NOT be tolerated as it disrespects the struggles Americans faced through a hard, economic time. Document A Document C Document D Document E Document F Document G Document H Please analyze the photos and answering the questions for each document. • • • • • No talking… This is a museum, whispers only Write your responses in the boxes for Documents A-H You have 15 minutes to complete this activity Please get out of your seat to experience the pictures! When you finish, complete the graphic organizer on the following page. Gallery Walk Norms • Look at/read the primary source documents and answer the questions in the corresponding boxes. • If one area is too crowded, find another area with the primary source documents. • No talking, laughing, bothering other people/groups, shoving. • No writing on posters newspapers/walls/ boards, etc. Recap: • What were Hoovervilles? • What were laws/rights that were violated? • What was the Mexican-American experience like? • What was the African-American experience like? Check for Understanding Imagine you are a teenager living in the 1930s. Write a letter to President Herbert Hoover about what you are experiencing during the early 1930s. Explain what you notice other Americans are also going through and provide questions and/or suggestions to the president to fix the financial problem never imagined by any American in US History. January 23, 2015 • Please sit quietly and wait for class to begin. Homework: Read p. 488-494, Study Guide p. 9, Quia Quiz #9 Republican Philosophy •Hoover’s political philosophy led to his cautious approach to the depression •Asked employers to not cut wages or lay off workers •Asked workers not to strike •Soup kitchens: •Bread lines: •Hoovervilles: •Vagabonds: •Tide turned against Hoover and Republicans in Congress •Americans grew angry with the government •Farmers burned crops Hoover Takes Action! • Boulder Dam (1929) provided electricity and water • Federal Farm Board- intended to raise crop prices • Federal Home Loan Bank Act (1932)- decreased mortgage rates for homeowners allowed farmers to refinance • Reconstruction Finance Corporation- $2 billion emergency funding for banks, life insurance, railroad construction, large businesses. Bonus Army • 10-20 thousand WWI vets marched to DC and camped outside • Demanded bonuses received in 1945 to be paid ASAP • Asked marchers to leave, asked General MacArthur and Dwight D. Eisenhower to disband January 26, 2015 • Please quietly begin working on the Warm-Up activity. Homework: Read p. 495-501, Study Guide p. 10, Work on Project Election of 1932 • Franklin Delano Roosevelt Democratic candidate wins by a landslide with Democratic majority in House of Reps • Led to the 20th Amendment- Moved presidential inaugurations from March to January 20th (effective 1933). • Worked with advisers to formulate policies to alleviate the problems of the Great Depression • First 100 Days- First 3 months of FDR’s administration where congress passed 15 pieces of legislations and expanded the governments role in US economy. New Deal • Policies designed by FDR’s administration to provide relief, recover the economy and reform the US • Bank holiday- declared by FDR to close all banks to prevent withdrawals to inspect banks and revive confidence in banks • Fireside chats- FDR used the radio to justify New Deal policies to the American people • Led to FDIC and SEC • 21st Amendment (1933)- repealed the 18th Amendment to tax alcohol • NIRA- established codes of fair practice for industries. Created National Recovery Administration which set prices of products and established standards. Aim to promote recovery but limited production and established prices. • Social Security Act (1935)- retired pension for adults 65+, unemployment, welfare to families • Wagner Act- allowed workers to join unions and collectively bargain, prohibited unfair practices • Fair Labor Standards Act (1938)- set maximum hours of work per week and minimum wage. • *FDR considered a “friend of labor” • HOLC Criticisms of New Deal • Deficit spending- spending more money than the government receives, creating inflation • Leads to socialism with welfare programs created, went against capitalism • Supreme Court packing scheme- FDR reorganized Supreme Court by appointing 6 new Supreme Court justices, violates separation of powers • Charles Coughlin, Francis Townsend, Huey Long • Conservatives: Government is too large and too powerful because it stifled free enterprise • Liberals: FDR didn’t do enough to eliminate social and economic inequalities. https://www.youtube.com/watch?v=Kq_8cOIFbUM Read two policies and create a soup can highlighting the policy January 27, 2015 • Please take out your handout from yesterday’s class and wait for further instructions. Homework: Catch up on Study Guide, Quia Quizzes 5 and 6, Work on Project https://www.youtube.com/watch?v=zys8E6B40_E Read two policies and create a soup can highlighting the policy To what extent was the New Deal effective? • Please share your policies out to your home group in order of the graphic organizer. • Share your Soup Can with your Homies! January 28, 2015 • Please take out your handout from yesterday’s class and wait for further instructions. Homework: Catch up on Study Guide, Quia Quizzes 5 and 6, Work on Project January 28, 2015 • Please sit quietly and begin the Warm-Up Activity. Homework: Catch up on Study Guide, Quia Quizzes 5 and 6, Work on Project January 29, 2015 • Please sit quietly and read through the handout. Choose three proposals to present to President FDR. Homework: Catch up on Study Guide, Quia Quizzes 5 and 6, Work on Project Please take out your Study Guide packet and notes titled, “New Deal” Please analyze Documents C-F How effective was the New Deal? • Read through the documents. • Decide whether this would support your opinion or go against it. • Use your Study Guide packet and notes to decide who would agree with the Document. • Use your Study Guide packet and notes to determine which New Deal programs or policies connect with it. January 30, 2015 • Please take out the following handouts: • Study Guide packet • New Deal Notes packet Homework: Work on project, Catch up on Study Guide, Quia Quizzes 5 and 6, Prepare for Performance Task on Monday What is a Socratic Seminar? • College-like discussion led by student generated questions using primary sources and making connections to better understand content. Acceptable and Unacceptable Behavior in a Socratic Seminar https://www.youtube.com/watch?v=17_55JBZqgc https://www.youtube.com/watch?v=IYylYdu_7C4 Inner Circle v. Outer Circle Implication and Consequence Probes: •What are you implying by that? •But if that happened, what else would happen as a result? Why? Clarification Questions: •What effect would that have? • What do you mean by ___________? Positive/negative? Why? •How does ___________ relate to_________ ? •What is a political/social/economic effect? •Could you give me an example that relates What caused this to happen? to today? •Is there an alternative? •Could you explain that further? •I’m sorry, can you repeat the question? Sentence Frames to Use: •I agree/disagree with __________, because….. Reason and Evidence Probes: •In the speech/article by _______, it states…. •What would be an example of ______________? What do you think is the main argument? •Why do you think that is true? How does this relate to what we are learning? •Do you have any evidence for that? •Even though this is the argument made by…. I •Is there a reason to doubt that evidence? think the counter argument would be…. What could be the counter-argument to •I think this is significant because… what ______ is saying? •Can someone else give evidence to support that response? Was the New Deal effective? February 2, 2015 • Please take out your Study Guide packet and a writing utensil (pen or pencil). • Please wait for further instructions. Homework: Work on project, Catch up on Study Guide, Quia Quizzes 5 and 6 February 3, 2015 • Please sit quietly and wait for further instructions. Homework: Complete project (Due tomorrow!), Quia Quizzes 5 and 6 Your magazine must have the following REQUIREMENTS: • Cover page • Table of contents • Four stories about the topics of your choice from the 1920s and 1930s written in your own words using Key Terms from the unit, analysis/connection to PERSIA, and include a visual. • Letter to the editor answering one of the questions: How did politics or life shift during the 1920s or how does one of your topics connect to US politics/society today? • Advertisement(s) from the time period • Works Cited page for pictures/advertisements Letter to the Editor How did politics or life shift during the 1920s ? or How does one of your topics connect to US politics/society today? Verbal Quiz • Must address Who, What, Where, When, and Why the Key Term is Significant. • Goal: Connect your Key Terms to other Key Terms on the lists • 30 seconds in, a Homie can save you.