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Great Depression
A very bad time when many people lost jobs and money
Stock Market Crash
When stock prices suddenly fell
Speculation
Guessing stocks will go up
Buying on margin
Borrowing money to buy stocks
Bank Run
Everyone tries to take money out of the bank
Dust Bowl
Huge dust storms that ruined farms
Impact on farmers (Dust Bowl)
Farms died and families had to move
Farmers in Great Depression
Couldn’t sell crops and lost farms
Overcropping
Using soil too much
Overgrazing
Animals eating too much grass
Smoot-Hawley Tariff
Tax on imports that hurt trade
Main effect of tariff
Other countries taxed us back
Bonus Army
WWI veterans asking for money
What they wanted
Early bonus payment
Government action
Army forced them to leave
Herbert Hoover
President when Depression started
Hoover’s role
Didn’t do enough to help
How Hoover worsened Depression
Acted too slowly
Hoover’s view on government
Wanted small government
Franklin D. Roosevelt
President who made the New Deal
FDR’s government view
Wanted government to help more
Relief
Help right now
Recovery
Help the economy get better
Reform
Stop future problems
Bank failures cause
Banks ran out of money
Extending too much credit
Too many loans people couldn’t pay
Ignoring Federal Reserve
Didn’t follow warnings
Didn’t maintain reserves
Didn’t save enough cash
Banks needing to be fixed
New Deal programs helped banks
FDR Fireside Chats
Radio talks to calm people
Why FDR used them
To explain plans
American response
Felt safer
Alphabet Agencies
New Deal programs to help people
AAA
Helped farmers
FDIC
Protected bank money
HOLC
Helped people keep homes
CCC
Gave young men jobs
TVA
Built dams and power plants
NYA
Helped students get jobs
WPA
Built roads and buildings
SEC
Watched the stock market
SSA
Social Security money
Criticisms of New Deal
Too much government spending
Causes of Great Depression
Too much production, risky stocks, high taxes on trade
Low interest rates
Easy to borrow money
Overproduction
Too many goods
Uneven wealth
Rich had most money
High tariffs
Hurt trade
Falling demand
People bought less
Stock speculation
Risky stock buying
Appeasement
Giving in to avoid fighting
American Neutrality
U.S. stayed out of war
Event leading to U.S. entry
Pearl Harbor attack
Cash and Carry
Allies buy goods with cash
Lend-Lease
U.S. gave supplies to Allies
Pearl Harbor
Japan attacked U.S.
Why Japan attacked
Wanted to weaken U.S. Navy
Result of attack
U.S. joined WWII
Island Hopping
Taking islands one by one
Island hopping success
Yes
Navajo Code Talkers
Used Navajo language as code
American Women in WWII
Worked in factories
Nisei Soldiers
Japanese American soldiers
Tuskegee Airmen
Black fighter pilots
Japanese Internment Camps
Forced camps for Japanese Americans
Purpose of internment
Fear of spying
Impact on Japanese Americans
Lost homes and freedom
Manhattan Project
Made the atomic bomb
J. Robert Oppenheimer
Lead scientist
Location of project
Los Alamos
Who was there
Scientists and workers
Result of project
Atomic bombs created
Capitalism vs Communism
Private ownership vs government ownership
Marshall Plan
Money to rebuild Europe
Marshall Plan policy
Containment
Truman Doctrine
Help countries fight communism
Berlin Wall
Split East and West Berlin
Iron Curtain
Divide between East and West Europe
Containment
Stop communism from spreading
Brinkmanship
Pushing close to war
Detente
Reducing Cold War tension
Korean War North
Communist
Korean War South
Democratic
How Korean War started
North invaded South
Why U.S. joined
Stop communism
Result of Korean War
No winner
Vietnam North
Communist
Vietnam South
U.S.-supported
Guerrilla warfare
Surprise attacks
Conditions in Vietnam
Hot jungle and traps
Reaction at home
Protests
Cuban Missile Crisis
Missiles in Cuba
How crisis ended
Missiles removed
2nd Red Scare
Fear of communists
McCarthyism
False accusations of communism
Goal of McCarthyism
Find “communists”
Feeling in U.S.
Fear
HUAC
Investigated communism
Space Race
Competition in space
Why symbol of Cold War
Showed power