Advanced American Studies
To introduce the Great Depression, we examined about 20 minutes of video from the series "The Century: America's Time." To begin our study of the Depression, this clip explained just how bad it got. America faced an unemployment rate of 25%, half of all home mortgages were in default, 9 million savings accounts were wiped out as bank failures were rampant, and massive deflation all but froze capital.
Assignment: Read Chapter 12.1. Answer the question -- "What caused the Great Depression?"
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American Studies
The focus of the discussion for today was the contrasting efforts of Herbert Hoover and Franklin D. Roosevelt in combating the depression. First, Hoover's efforts were discussed. His policies were marked by:
1. Volunteerism
2. Trickle-Down Economics in the form of the Reconstruction Finance Corporation
3. A refusal to provide direct relief
With the election of FDR in 1932, the new president promised American's a "New Deal". Components of this idea were instituted in the first 100 days of his presidency.
Assignment: Read Ch. 13.1. Complete New Deal organizer for Tuesday.
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