Professional Documents
Culture Documents
1920s
In the 1920s, the U.S. government put restrictions on immigration because there were strong feelings of nativism in the U.S. NATIVISM: favoring native-born inhabitants of the U.S. over immigrants
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Great Depression
The major causes and economic factors that led to the Great Depression: 1. Prior overproduction of manufactured goods 2. Decrease in demand for products after the stock market crashed 3. Buying stocks on margin (paying 10% of the stock price and paying the other 90% back later, after you sold the stock) 4. Over-speculation in the stock market (buying LOTS of stocks on margin)
Great Depression
The major effects of the Great Depression were: 1. High unemployment 2. Falling real estate values
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Great Depression
Most banks in the United States were closed by 1937 because a majority of Americans were too poor to have any money in savings in the bank.
Great Depression
Dorothea Lange was a famous photographer during the Great Depression because her photos expressed the pain and suffering experienced by Americans during the Great Depression.
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New Deal
President Franklin Delano Roosevelt (FDR) created the New Deal to relieve the unemployed, recover the U.S. economy from the Great Depression and reform the U.S. system to prevent a future depression. The guiding principle of the New Deal economic policies was that the government must assume greater responsibility for helping the unfortunate. The New Deal changed American political thinking because the federal government was now expected to solve social and economic problems.
New Deal
FDR used a system of trial and error to fix the economy during the Great Depression.
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New Deal
Agricultural Adjustment Act (AAA): the government paid farmers for their surplus crops Civilian Conservation Corps (CCC): young men were given jobs planting trees and cleaning up forests and sent most of their paycheck home to their family
CCC & Works Progress Administration (WPA) were created to help solve the unemployment problemthey put people back to work
Tennessee Valley Authority (TVA): provided jobs and improved the standard of living in the Appalachia region of the U.S.
New Deal
Securities and Exchange Commission (SEC) & Federal Deposit Insurance Corporation (FDIC): supposed to restore the publics faith in financial institutions FDR responded to the change in the economy during the Great Depression by created the Social Security Act and the Federal Deposit Insurance Corporation (FDIC). Social Security made the government more responsible for the peoples economic welfare.
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New Deal
President FDR justified his New Deal programs by saying that the government should be responsible for Americans well-being. The New Deal continued the Progressive Era policy of the government regulating big business. President Hoover vs. President FDR
FDR was more willing to use government intervention to solve economic problems
FDR believe that his plan for the New Deal was risky because the Great Depression had threatened all Americans faith in their democracy
Father Coughlin was an outspoken priest who thought the solution to the Great Depression was to nationalize banks and utilities.
Nationalize: give the government ownership and control
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