History Unit 1 1930's-WWII

Black Tuesday

When the stock market crashed on October 29, 1929, marking the beginning of the Great Depression.

Stock Market Crash

the sudden and severe decline in stock prices that triggered economic turmoil and widespread unemployment.

This event marked the beginning of a decade-long economic downturn in the United States.

14 billion dollars was lost.

Okies

A term used to describe migrant farm workers, particularly from Oklahoma, who moved to cali during the Great Depression in search of better opportunities.

Herbert Hoover

President during the Great Depression.

FDR won in a landslide victory in the next president election. most people thought he was not a good president.

believed that rugged individualism was the way to go.

tried to solve the great depression with trickle down effect.

The Three R’s

Relief

Recovery

Reform

Rugged individualism

Hoover believed that if you work hard than you can get out of your slump.

self reliance, minimal government help

Volunteerism

Hoover wanted people that didn’t have a job to volunteer and help

Election Of 1932

When FDR won in a landslide victory against Hoover

only 5 states voted for hoover

New Deal

The new Deal was a series of programs made by FDR to help solve the great depression.

Relief (Relief to checks and jobs programs to lower unemployment)

Reform (Programs to stimulate agriculture) 

Recovery (Programs to correct problems in the economy and prevent future depressions)

Trickle Down Effect

Lower taxes to the rich so the money would trickle down to the poor
DID NOT WORK

Keynesian Economics

opposite of trickle down

Give money to the poor so they are spending and the economy rises

Harry truman

Vice president to FDR

Decided to drop atomic bombs Hiroshima and Nagasaki

become president after FDR died