Great Depression
overproduction, underconsumption, installment plans/credit caused people to go into debt. Panicked selling led to a massive decline in stock prices
Causes of the Great Depression
At the start of the war, the US declared itself
Nuetral
What was the Great Migration
many African Americans moved from the South to the North due to jobs in factories.
FDR's 3 R's of the New Deal
Relief, Reform, Recovery
Allowed Allies to purchase war materials from US
Cash-and-Carry
October 29, 1929
Stock Market Crashed (Black Tuesday)
Germans started attacking all neutral and allied ships (commercial and military)
Unrestricted Submarine Warfare
Why did African Americans moved from the South to the North?
Jobs in factories
The programs FDR created to help the unemployed, reduce hunger and provide jobs
The New Deal
Transfer of supplies w/o compensation to
Britian, China, the Soviet Union and other countries, still staying out of the war
Lend -Lease Act of 1941
Soared to 25%
Unemployment rate
Germans sank this British passenger ship with 128 Americans on board.
Lusitania
What happened to production during the war?
The production rate increased. Production shifted to the war effort.
Aid to the Elderly
Relief
Businesses could not pay workers due to
Stock Market Crash
Message from Germany to Mexico trying to get Mexico to join war against United States.
Zimmerman Telegram
Provided penalties for spying, sabotage, and obstructing the war effort.
The Espionage Act
Aid to Farmers
Recovery
Camps of shacks and tents in rundown parts of towns
Hoovervilles
The event that led the US to join the War
Zimmerman Telegram
A socialist that made speeches against war
Eugene Debs
Federal Deposit Insurance Corporation (FDIC)
Reform