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The Great Depression (1929- 1930) Enduring Understandings and Standards Enduring Understandings 1. As the 1920s progressed, serious problems threatened economic prosperity. 2. The Great Depression has had lasting impact on how Americans view themselves and their government. 3. Various push and pull factors caused massive migration in the U.S. during the Twenties and Thirties. 4. Roosevelt’s New Deal program focused on relief, recovery and reform. 5. The federal government often expands its power during times of crisis. o Analyze the impact of the 20’s and 30’s on the expansion of the federal government. o Evaluate the effectiveness of New Deal measures in ending the Great Depression People, Event, and Vocabulary 1929 overproduction under-consumption installment buying tariffs foreclosures collateral speculation buying on the margin stock pools sharecropping Federal Reserve System monetary policy Andrew Mellon Herbert Hoover trickle- down economics welfare rugged individualism Public Works Projects Reconstruction Finance Corporation Bonus Army Dust Bowl Overproduction severe drought Okies under-consumption, Foreclosure Mortgage migration push and pull factors FDR New Deal, relief, recovery, reform, regulation Alphabet soup agencies including :FDIC, Securities and Exchange Commission, Social Security, National Recovery Act, Tennessee Valley Authority, AAA, WPA, CCC, FHA, PWA, SEC Courtpacking judicial branch checks and balances separation of powers