Great Depression Outline

Great Depression Outline

I Intro (Leave Blank for now)

II Causes (The causes of the great depression were Over-speculation,Government policy, Unstable economy)

A overspeculation (Define, how important) Over speculation is buying stock that is risky with borrowed money

B Govt Policy, policy lead to the economy crashing because they didn't put regulations one the stock market.

C Unstable Econ, lead to the economy failing because the unbalanced economy had no stable base to fall back upon. Production farexceeded demand; wealth was unevenly distributed; the boom in stock market prices was based mainly on borrowed money, not real value.

1 uneven prosperity, lead the economy failing because the wealth was with all of the business owners and the poor had very little money, so the wealth was not being distribution evenly.

2 overproduction, the farmers were producing to much food and there was not enough people with money to buy so the farmers became poor.

3 worker issues / farm issues, the farmers were producing to much goods, buying land and tractors on loan so when they where not making enough money they couldn't pay the loans so they lost their land.

III Effects

A Poverty is general scarcity or dearth, or the state of one who lacks a certain amount of material possessions or money. because people had little money to buy goods so the company wouldn't do well.

B Society is the aggregate of people living together in a more or less ordered community. Society was changing and people wanted new and better thing sand when they had it they didn't need to buy a newer one, so business would fail after a boom

C World a common name for the whole of human civilization, specifically human experience, history, or the human condition in general, worldwide , i.e. anywhere on Earth or pertaining to anywhere on earth. The world help contribute to the economy failing because during the war America was the top producer of food, but when the war ended other countries were able to farm again, so America didn't have to produce a many crops so farmers went out of business

IV Solutions

A Hoover was the president at the start of the Great depression. hoover didn't do enough to help stimulate the economy.

1 Volunteerism, the act of volunteering on a regular bases. helped open food kitchens so homeless people could eat and the red cross.

2 Public Works, built dams, roads, schools, and reservoirs funded by the government and carried out buy the community

3 Hawley Smoot a tariff that raise tariff prices to the highest level in 100 years

4 RFC, stand for reconstruction finance corporation, their job was to make loans so that people could get back on their to normal.

B Roosevelt was the president during the Great Depression, tried to make more government programs to help people in need

1 new deal, was programs funded by the government to help out the us citizens

a alphabet soup, the relief programs created by the new deal

            SEC- security and stock administration, government commission created by congress to regulate the securities markets and protect investors

            AAA- Agricultural Adjustment Agency, reduced agricultural production by paying farmers subsidies not to plant on part of their land and to kill off excess livestock

           FDIC- Federal Deposit Insurance Corporation, back up your bank account for up too a certain amount

            NRA- National Recovery Association, o eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices

b Criticism? the criticism of the new deal is the left winged were saying he wasn't doing enough to help the economy and the right winged were saying he was doing to much

2 2nd new deal

a

b

c

V Criticicism

B Political Criticism (ex. Came from both the ____________ and ______________)

A Conservatives

B Liberals (ex: criticised the new deal also. They....)

Ex

ex

VI Effectiveness

A Changes in US

B Unions

C Culture

VII Conclusion