US History

Stock Market: How, Why, Money making, Consumerism

how: people buy and sell shares of company

why: Make quick money by selling portion of a company

money making: buy low and sell when company is worth more

consumerism: bet on company to do well to invest

Great Depression Causes

Consumer goods and credit

Margin buying: used loaned money to invest and would lose money when value went down

income inequality: no middle class, only rich and poor

bad banking: banks used customer money for loans and stocks and lost

global depression: WW1 made gov. lose money

Stock Market Crash 1929

everyone was selling stock and nobody wanted to buy, too many sellers, mass panic

New Deal

A set of programs and policies by FDR to combat the Great Depression.

goals: relief for suffering, recovery of depressed economy, reform of policies that led to crisis

New Deal Programs

Public Works Projects: Government hired people to build

Banking: gave people money if bank closed, bank holidays

Agriculture: Gave money to farmers to grow less crops

New Deal Legacy

Social Security: Personal retirement funds

FLSA: established minimum ways

Federal Government Role Change after New Deal

governemtn became more involved in peoples lives, more expensive to operate

Pearl Harbor Attack

Japan attacked by airforce in pearl harbor in hawaii on december 7th 1941 because america stopped giving oil to japan

Japanese Internment

Forced relocation and incarceration of Japanese Americans during WWII to “avoid attacks”

WWII Battles

Hitler attacked Russian oilfields, factories and farmlands. German attempted to take Stalingrad but failed.

Normandy was a beach in France and America used landing ships to get to the beach, called D-day

Cold War

Tensions between the US and USSR post-WWII. 2 powers never directly fought each other, both wanted to limit territory and resources of the other

Truman Doctrine, Containment Policy, Marshall Plan

truman doctrine: US provided aid to countries who resisted communism

containment policy: direct economic aid of countries to resist communism

Marshall plan: US gov send 13 billion dollars to Europe for aid

Second Red Scare and McCarthyism

rumors and accusations of communists trying to bring communism to other countries. McCarthy accused people of being communist to become popular and heard

Korean and Vietnam Wars

soviet union brought communism to north korea, US brought democracy to south korea. both sides wanted to make the other side their terriory, 34,000 Americans dead, 2 million Koreans. US spent 47 billion

Gulf of Tonkin

Vietnamese torpedoes hit US destroyers at the Gulf of Tonkin, causing the US to send soldiers and bombing strikes to North Vietnam

Vietnam War Opposition

people who couldnt afford to go to college were more likely to be drafted, vietnam war was seen more as a civil war and america shouldnt intervene

Vietnam War Outcome

costed america 173 billion and 58,000 deaths

costed vietnam 1 million deaths and millions more civilians

Brown v board

Linda Brown wanted to go to a white school and reverse the ruling in Plessy vs Ferguson that made segregation legal

Supreme court judges rules 9-0 citing segregation as illegal

Little rock 9 entered central high school escorted by US military

Civil Rights Movement

Key events like Montgomery Bus Boycott, Sit-Ins, and March on Washington.

Civil Rights Movement Impact

Sucess: all directly racist laws were eliminated

failures: didnt get close to creating economic equality

Pacific theatre fighting

Iwo Jima: dropped bombs with napalm and killed civilians, America won

Okinawa: america used heavy artiliery to make japanese soldiers come out of caves, Okina