New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

3/22/16 Notes

by: mcunnin4 Notetaker

3/22/16 Notes HIS 202-003

mcunnin4 Notetaker

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

The Great Depression and how it effected the banks, citizens, etc.
Dr. Chad Gregory
Class Notes
the great depression, history-202
25 ?




Popular in History-202-003

Popular in History

This 5 page Class Notes was uploaded by mcunnin4 Notetaker on Thursday March 24, 2016. The Class Notes belongs to HIS 202-003 at Tri-County Technical College taught by Dr. Chad Gregory in Spring 2016. Since its upload, it has received 10 views. For similar materials see History-202-003 in History at Tri-County Technical College.


Reviews for 3/22/16 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 03/24/16
Matthew Cunningham History-202-001 Notes March 22 nd2016 Bank Failure: The Dash for Cash The Great Depression B. Effects 1. Bank Failures 2. Lost Savings - $2.5-7 Billion in savings - NO FDIC INSURANCE BACK THEN 3. Unemployment: 25% Nation Wide, varying from place to place but on average. - Wage Cuts 4. GDP/Prices went down. 5. The Family - Families started to have fewer kids, but babies were a net loss on the family income until they can go to work and earn money. - Marriage rates declined - Suicide rates went up. 6. Hoover’s Reputation Suffered: - People that left Hooverville’s because they couldn’t pay their mortgages would find trash to make a house. - They would eat jackrabbits they called them “Hoover hogs”. - Once asked at cabinet member for a nickel to call a friend and he replied “here’s a dime call both of them” given he didn’t have much friends after the depression. Psalm - Someone rewrote the 23 rd song as direct stab at Hoover. C. Hoover’s Efforts 1. Do-nothing president? - For a long time he was seen as a “do nothing president” - That’s not entirely true. 2. White House Conference - Got labor and business leaders together to figure out what to do. - Urged them to stop layoffs and wage cuts. 3. Advocated a program for public works totaling $420 million dollars to create jobs by upgrading US infrastructure (roads, buildings, etc). 4. Agricultural Adjustment Act: - Created a “Farm Board” - Buy up all the crops - Government becomes a “Buy Last Resort” for purchasing crops - This allows the prices to drive the market back up. 5. The Reconstruction Finance Corporation - Federal Money To Big Business (Banks, Railroads, etc) essentially a bailout. - Intent: Trickle Down Economics - Controversial: The people believed they should help the working class or essentially the “little guys” instead. D. What to Do? 1. Do Nothing - A painful course of action - Could be political consequences that if the economy doesn’t improve the voters will blame the party in charge. 2. Government Intervention: - Typically at the Federal level. - Spending Money on The Top:  Raise Taxes or Cut Taxes  But on Whom? - Money at the Bottom  Cut Spending  But what Programs? - Money at The Middle  Run a Deficit  How much do you tolerate? - Infrastructure Spending  Sell Bonds - Go to War!  Borrow from who? E. People Organize - They didn’t wait for Hoover to figure it out. - Sell Apple’s  Apple companies with bunker crops sold Apple’s on credit to unemployed families to make a profit. 2. Ford Plant: - A bunch on unemployed workers went to his office and demanded a job after he laid people off. - They threw rocks and other things at the Ford factory. - The Fire Department came with a hire pressure hoses to drive them away from the Ford plant. 3. Farmers Holiday Association - The farmers decided to stop growing stuff and take a holiday. - Less Food on the market. - Prices will go up. - Or the inverse that they just wrecked the women thing they had by destroying food (i.e. pouring out milk photo). 4. Bonus Army - WW1 Veterans - Using any form of transportation to get to Washington DC - They wanted their pension early. - They get to Washington and Hoover and Congress say “NO”. - The WW1 Veterans camp out. - Hoover allows the US Army to kick the Bonus Army out using tear gas and burnt down their tents and shacks. - Hoover did not authorize this much force to be used towards the Veterans, James McCarthy did. Irony: The US Army hurting US Veterans. 5. Penny Auction - If someone’s houses go up for auction they’ll buy it and not sell it above a penny. Boot Leg Coat: - They would dig their own coal mine - Police would not arrest them because they sympathized with them. - If they went to court the judge would acquit them. - Aunt Molly Jackson


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Kyle Maynard Purdue

"When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the I made $280 on my first study guide!"

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.