1. Economic excess (overspending) and the unequal distribution (uneven spreading) of wealth can lead to
instability in society.
2. Liberals (people who are more likely to want change) and Conservatives (people who are more likely to want to keep older
traditions) have different beliefs about individual responsibility and the proper role of the government.
3. As a result of the New Deal, the United States government took on greater responsibilities for promoting the general
welfare (well-being) of people and society.
All Students will know …
1. How can economic excesses contribute to hardship (challenges/suffering) and instability in America?
- Impact of the economic policies of the Harding and Coolidge Administrations on wealth distribution, investment,
- Basic operation of the stock market.
-Causes and consequences of the Great Depression and Dust Bowl.
- Reasons for the deepening crisis of the Great Depression and the Hoover administration’s responses.
- Leadership qualities of Franklin D. Roosevelt.
- Philosophy, successes and failures of the New Deal.
- Significance of New Deal policies and their arguments.
- How the ideals of liberty, equality, opportunity, rights and democracy were exemplified or contradicted during this
- Significance and legacy of the New Deal, including the Social Security Administration, FDIC and minimum wage.
1. Location of ideologies (belief systems) including conservative, liberal, moderate, radical, reactionary on the
2. Basic operation of the banking system.
3. Characteristics of the First and Second New Deal.
NOTE: Almost every word in this packet that is printed in bold print is a key concept (or at least a very major point), so know them.
“The Stock Market Crash and Great Depression”
A. The “Crash” was NOT the cause of the Great Depression. It was a noticeable symptom that showed people that the
economy had actually been sick for a long time.
III. Long-term Causes of the Great Depression
to fix economy
2. New Deal Programs You Must Know:
a. “Bank Holiday” and the Emergency Banking Act d. Civilian Conservation Corps (CCC)
c. Agricultural Adjustment Act (AAA)
D. Criticisms of the FDR and the New Deal
1. deficit spending (a.k.a. “Keynesian economics”) is used to “jump-start” the economy
E. Labor Unions and Workers made major gains during the time of the New Deal
1. National Labor Relations Act – protected the right of workers to create- and to be in – unions
2. Fair Labor Standards Act – maximum hours set at 44 hours, overtime pay, federal minimum wage, and
employment rules for children under age 16
A. Extension of the Power of Federal Government E. Greater Concern for Workers (Labor)
B. Extension of the Power of the President F. Conservation Gains
C. Deficit Spending G. Renewal of Faith in Democracy
D. Federal Social Programs