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Connected Thinking (Great Depression (Stock Market Crash and Black Tuesday…
Connected Thinking
Great Depression
Stock Market Crash and Black Tuesday: on Black Tuesday a large amount of stocks were sold and this resulted in the stock market crash in 1929.
Emergency Banking Act: in 1933 Roosevelt passed the act that only allowed for stable banks to operate.
Farmers Plight: As technology grew and due to lost markets after WWI, Farmers could not sell all of their goods and the demographic faced widespread debt.
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WWII
Ends the depression: War time economy and jobs ended the depression far more effectively than the new deal could have.
Pearl Harbor: Despite wishes to remain neutral, The attack ultimately lead to US entering the War and was promoted by Fireside Chats
Internment: Anti-Japanese sentiments resulted in camps of Japanese-Americans being built to segregate what was seen as a danger to society.
Atomic Bombs: The us dropped two bombs on Japan in an effort to end the war which the other country had started.
Cash and Carry: America did not fully want to involve itself in the wa, due to neutrality and isolationism, however it did ptovide someway to aid its allies. For example, this act allowed for other countries to purchase supplies from the US with cash.
Axis Powers begin to win: After the fall of France, America saw that European allies were about to lose the war. They then mobilized the draft and began preparing for war.
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1920's
Consumer Market: people were buying more products such as new technology, ready made bread and clothes. This lead to a new culture of Buying on Margin: where people would pay for things with credit.
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Gender Roles: The women now had more time and the flapper culture that emerged showed the freedom allotted to the new generation.
3 Conservative Presidents were elected in this period and together they abandoned progressive era reforms and created ties between Business and Government
Tarrif War:Major nations, including the US, began to pass high tariffs in response to other nations taxing their goods. This cycle ultimately weakened the Global Economy.
Isolationism: these trade restrictions and deterrents attempted to protect America's economy by isolation .
Reciprocal Tariff Act: Such tariffs damaged the economy and this act was passed to allow fro the President to regulate and negotiate international taxes with other nations.
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