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Stock prices rose quickly → people invested heavily → many believed prices would keep rising
People borrowed money from banks to buy stocks → hoped for profit → could lose money and still owe the bank
Black Tuesday → stock market crashed → people withdrew money → banks failed → people lost savings
Businesses overproduced → workers had low pay → people could not buy products → economy crashed
Government did not regulate Wall Street enough → banks were not federally insured → people could lose all their savings
Europe borrowed money from U.S. banks → U.S. banks failed → economic problems spread worldwide
Businesses failed → layoffs increased → unemployment rose → foreclosures and homelessness increased
Drought + wind + over-farming destroyed topsoil → farmers lost land → many moved to California
Hoovervilles were homeless communities → named after Hoover because people blamed the government for not doing enough
FDR created the New Deal → Relief, Recovery, Reform → programs helped social and economic problems
FDR regulated banks → FDIC protected bank deposits → restored trust in banks
Federal government created the SEC → regulated the stock market → protected investors
Government spent money on jobs and relief → collected taxes → 21st Amendment allowed alcohol taxes again
New Deal programs gave unemployed people jobs → workers built roads, infrastructure, and transportation
Civilian Conservation Corps → gave unemployed young men jobs → planted trees and worked on conservation projects
Government projects created jobs → improved buildings, roads, and transportation → helped the economy
New Deal increased federal government involvement → more federal assistance → government took a larger role in the economy
Built modern utilities like electricity and water → helped economic development in the Tennessee Valley
Supported equality and civil rights → fought for women, African Americans, and the poor → supported social reforms
Nativism and anti-immigrant attitudes increased → unemployment increased → immigrant quotas limited immigration
Native/Indigenous Americans received more government support and employment compared with some immigrant groups
Radio and film became popular → celebrities like Gene Autry entertained people → helped people escape the struggles of the Depression
Big businesses challenged New Deal programs → Supreme Court ruled some programs unconstitutional → limited FDR’s power
Works Progress Administration → gave unemployed people jobs → workers built infrastructure and worked in arts and parks
Law provided retirement pensions for people 65+ and help for disabled people → funded through worker payroll taxes
FDR wanted to add Supreme Court justices → wanted more support for New Deal laws → plan failed because it threatened checks and balances
People became more dependent on federal government aid → New Deal policies stayed in place but did not completely change society
Totalitarian dictators controlled government → used posters and media to inspire nationalism → encouraged loyalty to leaders and political beliefs
Einstein warned the U.S. about Nazi atomic research → helped encourage U.S. atomic research → Manhattan Project developed the atomic bomb
U.S. restricted resources to Japan → Japan attacked Pearl Harbor on Dec. 7, 1941 → U.S. entered WWII
Americans enlisted and conserved resources → women worked in factories → war bonds and taxes helped fund the war
Women took military and factory jobs → WAC and WAVES expanded women’s roles → helped create future workplace opportunities
African Americans served despite discrimination → Tuskegee Airmen were an all-Black military aviation group → helped push military desegregation
U.S. brought Mexican workers to fill wartime labor shortages → workers helped farms and other industries
Navajo Marines used their language to create military codes → helped communicate securely in the Pacific → Japanese forces could not break the code
Nativism increased → government wanted to protect jobs and political interests → immigration quotas restricted immigrants
1942 order allowed Japanese Americans to be forced into internment camps → government claimed it was for national security
U.S. admitted Japanese American internment was wrong → Civil Liberties Act of 1988 gave a formal apology and reparations
FDR, Churchill, and Stalin met → Allies planned strategy against Germany → discussed postwar peace and international cooperation
Allied forces entered Nazi-controlled areas → discovered concentration camps and evidence of the Holocaust → millions had been persecuted and murdered
Battle became a turning point in the Pacific → U.S. weakened Japan’s navy → helped U.S. begin gaining the advantage
President Truman decided to use atomic bombs on Hiroshima and Nagasaki → hoped to end WWII quickly and avoid a costly invasion → Japan surrendered