Project:
INDIVIDUAL - Writing Prompt: (10 points)
Write 1 complete paragraph - approximately 5 sentences
“‘We have always known that heedless self-interest was bad morals; we know now that it is bad economics.’
- What do you think this quotation means? Do you agree or disagree with it? Why? I believe this quote is saying that people are only worrying about themselves and being very selfish. If people just help others instead of being selfish than our country wold be rich and we wouldn't be in the hole. People are really selfish and keep all there money to them selves which is a reason why we are in a hole right now and alway have been in the hole.
Do you think this quotation could be applied to contemporary America? How? (minimum 3 sentences) Yes i believe it is in american already all the time. If people have the chance to help then they should help and not be lazy.
To what other moments in history could this quotation be applied? When and how? (give two examples) WW2 Many people chose to help and fight in the war and help each other which allowed us to come out on top. Same in the civil war the north had more people come and fight which allowed the north to win the war and abolish slavery.
INDIVIDUAL (20 points) Read and outline the article found here - in your outline pay particular attention to key ideas, dates, persons involved, economic conditions and consequences of their decisions
“We are facing the greatest economic challenge of our lifetime, and we’re going to have to act swiftly to resolve it.”
“The only thing we have to fear is fear itself.”-F.D.R.
Mr. Obama vowed, within the first five minutes of his remarks, to “act swiftly,” he too was offering the same message to a country every bit as receptive.
a stimulus package to prod the economy that he hopes will pass before he even takes office; extended unemployment benefits and other relief measures for people who are struggling; and an effort to stem the rising tide of foreclosures,
Mr. Obama made it plain that he would not let the American auto industry die.
He wants to provide economic assistance to state and local governments that have been hurt by the financial crisis.
“to ensure that the government’s efforts are achieving their central goal of stabilizing financial markets while protecting taxpayers, helping homeowners and not unduly rewarding the management of financial firms that are receiving government assistance.” - a promise from Mr. Obama
There were many more bank failures, far more devastating foreclosures, especially among farmers, and much greater hardships during the Great Depression than there are now
“I think Obama has it within his power to do the Roosevelt thing,” -Harvard professor named Robert D. Putnam
INDIVIDUAL
Answer the following questions
What are the parallels between the economic challenges facing the United States today and those that existed when F.D.R. took office? Back then the economy was worse but ours is still dropping.
In what ways are the economic challenges facing the United States today different from those that existed when F.D.R. took office? They were on the verge of the country completely becoming destroyed.
What parallels does Joe Nocera, the author of the article, draw between President Herbert Hoover and President George W. Bush? They were working really hard to pull our country out of depression.
Do you think these comparisons are fair? Why or why not? (3 sentences minimum) Yes i do because they are trying really hard to pull our country out of the hole.
What parallels does Joe Nocera draw between President Franklin D. Roosevelt and President Barack Obama? She explaines how they are both in the same spot and that obama needs to be like F.D.R and pull us out of this hole we are in.
Do you think these comparisons are fair? Why or why not? (3 sentences minimum) Yes i believe that these are absolutely fair because this is what needs to happen for sure or else we might not be a country anymore.
What could Barack Obama learn by studying how F.D.R. stepped into his role as president? He can learn how a great president runs and pulls a country out of the biggest hole ever in american history.
Group work - 10 points
A hard copy for the linked document will be given to you . or you and a partner - work together to complete the hand out. Neatness counts! Make sure that all answers are as complete and neat as possible. You may supplement the article with additional internet resources.
Writing - 20 points
FINALLY - answer the following question - INDIVIDUAL - Do you think that President Obama could be “another F.D.R.” Why or why not? What will he have to do to fix the economy? Minimum 2 paragraphs and 3 internet resources cited for your response. Simple web links for citations are acceptable. Make sure to correctly cite quotes within your response. Your response must be your own work, excessive (more than 1/2 of your work) copying of any other student's work or web resource(s) will be dealt with as Plagiarism and the project graded a zero
Could Obama become the next F.D.R? I believe not. For obama to Become the next F.D.R. he would have had to start off strong and he hasn't quite done that. First off the stimulus package is definitely not helping at all because it is just making us fall more into debt. For obama to become the next F.D.R. he needs to make a plan with some economists and start to work on a 4 year plan to save our country.
No matter what Obama does he will never live up to be F.D.R. because our economy will never go that low again and and if it does then our country will never pull out of it and we will be free no more. Obama will only become a image of F.D.R. he will never become fully like F.D.R in my opinion. Obama really need to start a plan though, so that he can try and pull us out of this hole we are in and he needs to stop with all this stimulus package crap.
Section 1:
Vocabulary:
stock market- is a public entity for the trading of company stock (shares) and derivatives at an agreed price bull market- A bull market is associated with increasing investor confidence, and increased investing in anticipation of future price increases invest- expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture margin- the edge or border of something margin call- a demand by a broker that an investor deposit further cash or securities to cover possible losses. speculation- invest in stocks, property, or other ventures in the hope of gain but with the risk of loss sum installment- reaction- an action performed or a feeling experienced in response to a situation or event
People and Terms:
Alfred E. Smith-
was born on Manhattan’s teeming Lower East Side.
Alfred was forced to quit parochial school after his father's death and worked for a while at the famous Fulton Fish Market.
Smith began his long political career in 1894, when he supported an anti-Tammany Hall candidate in a local race.
Smith lost but was rewarded with a political appointment by the city’s mayor
elected as New York county sheriff in 1915 and president of the New York City board of aldermen in 1917.
took back the governor’s chair in 1922, 1924 and 1926
Black Tuesday-
October 29, 1929
when panicked sellers traded nearly 16 million shares on the New York Stock Exchange
Black Tuesday is often cited as the beginning of the Great Depression.
Stock prices had risen across the board, even for companies that posted little profit.
Prices then began falling slightly, as investors started to take profit.
Hawley-Smoot Tariff-
was an act, sponsored by United States Senator Reed Smoot and Representative Willis C. Hawley
signed into law on June 17, 1930
raised U.S. tariffs on over 20,000 imported goods to record levels.
Some economists have opined that the tariffs contributed to the severity of the Great Depression.
The main goal was to protect American jobs and farmers from foreign competition
Question:
IDUAL -How important is the stock market to the U.S. economy today? The stock market is very important because it pretty much makes up our whole economy. When the stock is low so is the economy and visa versa.
How do Americans participate in the stock market? Many americans participate in the stock market but not all. The stock market is very twisted and confusing so the people that are know exactly what they are doing.
Several situations led to the stock market crash. List these causes (there are six (6) of them)
How did religion play a part in the 1928 presidential election?
Why did many investors buy stocks on speculation in the late 1920s? because they thought it was going to be good no matter what
Why did many banks collapse in 1929? no one was putting money in the bank so therefore no one borrowing money so the bank wasn't making money
Describe the Hawley-Smoot Tariff.Moving companies that transport household goods between states are required to have a tariff.
How did the Hawley-Smoot Tariff contribute to the Great Depression? Help fix it by taxing the companies to give money to the government.
Section 2:
Vocabulary:
suspend- temporarily prevent from continuing or being in force or effect bailiff- a person who performs certain actions under legal authority, in particular shantytown- a deprived area on the outskirts of a town consisting of large numbers ofcrude dwellings. Hooverville- a shantytown built by unemployed and destitute people during the Depression of the early 1930s. hobo- a homeless person; a tramp. DustBowl- an area of land where vegetation has been lost and soil reduced to dust and eroded, esp. as a consequence of drought or unsuitable farming practice. colleague- a person with whom one works, esp. in a profession or business. soapopera- a television or radio drama series dealing typically with daily events in the lives of the same group of characters. technique- a way of carrying out a particular task, esp. the execution or performance of an artistic work or a scientific procedure.
Walt Disney- December 5, 1901 – December 15, 1966was an American film producer, director, screenwriter, voice actor, animator, entrepreneur, entertainer, international icon, and philanthropist.Disney is famous for his influence in the field of entertainment during the 20th centuryAs the co-founder of Walt Disney Productions, Disney became one of the best-known motion picture producers in the world.innovator in animation and theme park designHe and his staff created some of the world's most famous fictional characters including Mickey Mouse, a character for which Disney himself was the original voice Grant Wood- Wood, Grant (De Volsen) (1892–1942), U.S. artist. He is most noted for his scenes of his native Iowa in paintings such asWoman with Plant(s) (1929), American Gothic(1930), and Spring in Town (1941). John Steinbeck- Steinbeck, John (Ernst) (1902–68), U.S. novelist. His work, such as Of Mice and Men (1937) and The Grapes of Wrath(1939), is noted for its sympathetic and realistic portrayal of migrant agricultural workers in California. His later novels includeCannery Row (1945) and East of Eden (1952). Nobel Prize for Literature (1962). William Faulkner- Faulkner, William (1897–1962), U.S. novelist. His works deal with the history and legends of the U.S. South and have a strong sense of a society in decline. Notable works: The Sound and the Fury(1929), As I Lay Dying (1930), andAbsalom! Absalom! (1936). Nobel Prize for Literature (1949).
Questions:
INDIVIDUAL- What images come to mind when you hear the words Great Depression? I can see people That are really skinny and sick sitting on the side of the road begging for anything to keep them alive.
INDIVIDUAL -Where do you think these images come from? I believe these images come from all the movies about all the depressions.
Art during the 1930s reflected the Depression. Describe how it did so in painting, writing and photography. It described and showed how sad it was. people were jobless and dident have money to pay for food. a lot of people drop out of school and joined onto the army.
Why did many farmers in the Great Plains leave their land in the 1930s and head west? the dust bowl
What part did movies and radio shows play in Americans’ lives during the Great Depression? It provided information to people and allowed people to have something to look forward to and to keep people sane.
What was the subject of John Steinbeck’s The Grapes of Wrath? the dust bowl in the great plains
Section 3:
Vocabulary:
series - a number of things, events, or people of a similar kind or related nature coming one after another publicworks - the work of building such things as roads, schools, and reservoirs, carried out by the government for the community. community - a group of people living together in one place, esp. one practicing common ownership contribute - give (something, esp. money) in order to help achieve or provide something relief - a feeling of reassurance and relaxation following release from anxiety or distress foreclose -take possession of a mortgaged property as a result of the mortgagor's failure to keep up their mortgage payments
People and terms:
ReconstructionFinanceCorporation- was an independent agency of the United States government chartered during the administration of Herbert Hoover in 1932. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933.
BonusArmy- The self-named Bonus Expeditionary Force was an assemblage of some 43,000 marchers—17,000World War I veterans, their families, and
affiliatedgroups- who protested in Washington, D.C., in the spring and summer of 1932. Called the Bonus March by the news media, the Bonus Marchers were more popularly known as the Bonus Army.
Questions:
For what issues have groups of people in the United States held demonstrations or protests in recent years? presidents killing, black peoples rights.
INDIVIDUAL -What issues do you think are important enough to demonstrate for? I think that president killing and the right are the blacks are very important and we should demonstrate them.
Why did President Hoover propose the creation of public works projects? To provide jobs for people.
What was the purpose of the National Credit Corporation? so the government cab help people that need help
Why did veterans march on Washington, D.C., in 1932? to help with something important
INDIVIDUAL - Writing Prompt: (10 points)
Write 1 complete paragraph - approximately 5 sentences
“‘We have always known that heedless self-interest was bad morals; we know now that it is bad economics.’
- What do you think this quotation means? Do you agree or disagree with it? Why? I believe this quote is saying that people are only worrying about themselves and being very selfish. If people just help others instead of being selfish than our country wold be rich and we wouldn't be in the hole. People are really selfish and keep all there money to them selves which is a reason why we are in a hole right now and alway have been in the hole.
Do you think this quotation could be applied to contemporary America? How? (minimum 3 sentences) Yes i believe it is in american already all the time. If people have the chance to help then they should help and not be lazy.
To what other moments in history could this quotation be applied? When and how? (give two examples) WW2 Many people chose to help and fight in the war and help each other which allowed us to come out on top. Same in the civil war the north had more people come and fight which allowed the north to win the war and abolish slavery.
INDIVIDUAL (20 points)
Read and outline the article found here - in your outline pay particular attention to key ideas, dates, persons involved, economic conditions and consequences of their decisions
INDIVIDUAL
Answer the following questions
Group work - 10 points
A hard copy for the linked document will be given to you . or you and a partner - work together to complete the hand out. Neatness counts! Make sure that all answers are as complete and neat as possible. You may supplement the article with additional internet resources.
Writing - 20 points
FINALLY - answer the following question -
INDIVIDUAL - Do you think that President Obama could be “another F.D.R.” Why or why not? What will he have to do to fix the economy? Minimum 2 paragraphs and 3 internet resources cited for your response. Simple web links for citations are acceptable. Make sure to correctly cite quotes within your response. Your response must be your own work, excessive (more than 1/2 of your work) copying of any other student's work or web resource(s) will be dealt with as Plagiarism and the project graded a zero
Could Obama become the next F.D.R? I believe not. For obama to Become the next F.D.R. he would have had to start off strong and he hasn't quite done that. First off the stimulus package is definitely not helping at all because it is just making us fall more into debt. For obama to become the next F.D.R. he needs to make a plan with some economists and start to work on a 4 year plan to save our country.
No matter what Obama does he will never live up to be F.D.R. because our economy will never go that low again and and if it does then our country will never pull out of it and we will be free no more. Obama will only become a image of F.D.R. he will never become fully like F.D.R in my opinion. Obama really need to start a plan though, so that he can try and pull us out of this hole we are in and he needs to stop with all this stimulus package crap.
Section 1:
Vocabulary:
stock market- is a public entity for the trading of company stock (shares) and derivatives at an agreed price
bull market- A bull market is associated with increasing investor confidence, and increased investing in anticipation of future price increases
invest- expend money with the expectation of achieving a profit or material result by putting it into financial schemes, shares, or property, or by using it to develop a commercial venture
margin- the edge or border of something
margin call- a demand by a broker that an investor deposit further cash or securities to cover possible losses.
speculation- invest in stocks, property, or other ventures in the hope of gain but with the risk of loss
sum installment-
reaction- an action performed or a feeling experienced in response to a situation or event
People and Terms:
Alfred E. Smith-
Black Tuesday-
Hawley-Smoot Tariff-
Question:
Section 2:
Vocabulary:
suspend- temporarily prevent from continuing or being in force or effect
bailiff- a person who performs certain actions under legal authority, in particular
shantytown- a deprived area on the outskirts of a town consisting of large numbers ofcrude dwellings.
Hooverville- a shantytown built by unemployed and destitute people during the Depression of the early 1930s.
hobo- a homeless person; a tramp.
Dust Bowl- an area of land where vegetation has been lost and soil reduced to dust and eroded, esp. as a consequence of drought or unsuitable farming practice.
colleague- a person with whom one works, esp. in a profession or business.
soap opera- a television or radio drama series dealing typically with daily events in the lives of the same group of characters.
technique- a way of carrying out a particular task, esp. the execution or performance of an artistic work or a scientific procedure.
Walt Disney- December 5, 1901 – December 15, 1966was an American film producer, director, screenwriter, voice actor, animator, entrepreneur, entertainer, international icon, and philanthropist.Disney is famous for his influence in the field of entertainment during the 20th centuryAs the co-founder of Walt Disney Productions, Disney became one of the best-known motion picture producers in the world.innovator in animation and theme park designHe and his staff created some of the world's most famous fictional characters including Mickey Mouse, a character for which Disney himself was the original voice
Grant Wood- Wood, Grant (De Volsen) (1892–1942), U.S. artist. He is most noted for his scenes of his native Iowa in paintings such asWoman with Plant(s) (1929), American Gothic(1930), and Spring in Town (1941).
John Steinbeck- Steinbeck, John (Ernst) (1902–68), U.S. novelist. His work, such as Of Mice and Men (1937) and The Grapes of Wrath(1939), is noted for its sympathetic and realistic portrayal of migrant agricultural workers in California. His later novels includeCannery Row (1945) and East of Eden (1952). Nobel Prize for Literature (1962).
William Faulkner- Faulkner, William (1897–1962), U.S. novelist. His works deal with the history and legends of the U.S. South and have a strong sense of a society in decline. Notable works: The Sound and the Fury(1929), As I Lay Dying (1930), andAbsalom! Absalom! (1936). Nobel Prize for Literature (1949).
Questions:
Section 3:
Vocabulary:
series - a number of things, events, or people of a similar kind or related nature coming one after another
public works - the work of building such things as roads, schools, and reservoirs, carried out by the government for the community.
community - a group of people living together in one place, esp. one practicing common ownership
contribute - give (something, esp. money) in order to help achieve or provide something
relief - a feeling of reassurance and relaxation following release from anxiety or distress
foreclose - take possession of a mortgaged property as a result of the mortgagor's failure to keep up their mortgage payments
People and terms:
Reconstruction Finance Corporation- was an independent agency of the United States government chartered during the administration of Herbert Hoover in 1932. It was modeled after the War Finance Corporation of World War I. The agency gave $2 billion in aid to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. The loans were nearly all repaid. It was continued by the New Deal and played a major role in handling the Great Depression in the United States and setting up the relief programs that were taken over by the New Deal in 1933.
Bonus Army- The self-named Bonus Expeditionary Force was an assemblage of some 43,000 marchers—17,000World War I veterans, their families, and
affiliated groups- who protested in Washington, D.C., in the spring and summer of 1932. Called the Bonus March by the news media, the Bonus Marchers were more popularly known as the Bonus Army.
Questions: