Foner Chapter:20

From Business Culture to Great

Depression 1920-1932
BY: GIOVANNI CHAZARI
Ms.Montes
APUSH
March 19, 2018
GPOs: Recognizing Perspectives,
Communicating Ideas, Investigate
the World, Take Action
Historical Causation

● The Great Depression is was the biggest depression that has hit the
United States and world wide. On October 29, 1929 stock prices, it
panicked Wall Street and wiped out millions of investors.
● Farmers could not pay back their loans used to buy farming equipment
and the banks foreclosed taking it from the farmers.
● People started to take out all their money from the banks and many
banks began to close because they did not have the money for the
banks to be open.
 ● 1927: Charles Lindbergh flies
Periodization nonstop over the Atlantic
● 1920: American Civil Liberties Union established ● 1927-: Presidential Coolidge vetoes
● 1928: McNary-Haugen farm bill
● 1921: Trial of Sacco and Vanzetti
● 1928: Claude McKay’s Home to
● 1922: Washington Naval Arms Conference
Harlem
○ Hollywood adopts the Hays code
● 1929: Robert and Helen Lynd’s
○ Cable Act Middletown
○ Herbert Hoover’s American Individualism ○ Stock Market
● 1923: Meyer v. Nebraska ○ Sheppard-Towner Act of 1921
● 1924: Immigration Act repealed
● 1930: Hawley-Smoot Tariff
○ Congress grants all indians born in the United● 1932: Bonus march on Washington
States American Citizenship ○ Reconstruction Finance
● 1925: Scopes trial ○ Corporation organized
○ Bruce Barton’s The Man Nobody Knows
 Patterns of Continuity and Change Over Time
Cause
● Stock prices dropped a abnormal amount
● Many people lost a lot of money and could not pay
the loan shark
● Banks began to foreclose many people so they
could get the borrowed money back
● People started to pull their entire life savings in a
panic
● Global Economic depression began to occur
Effect
● Millions of investors panicked and sold their
stocks
● The loan sharks had to borrow money from the
banks
● Many people lost their homes and jobs
● The banks began to fail
● Many countries also got a depression
 Comparison
Similarities Differences

● In the 1920s economic boom helped
the American people
● The US had low unemployment during
that time
● There was growth in the United States
● After the 1920s there was a massive
economic depression
● The depression caused massive
unemployment and poverty in the US.
● The growth began to stop completely
as they did not have the funds to do so
Contextualization
Eric Foner contextualizes that it wasn’t just one single event that lead
the economically powerful United States into deep depression. That it
was a Series of events that played a domino effect that lead to the great
depression. A mistake leading to a bigger mistake.
Historical Argument

Many people blame the US government and the Wall Street people who
pulled their money leaving an economical gap. They also blame the US
Government because the American people saw that the government did not
do much to help or prevent this depression.

Also there was also a conspiracy that the Rothschild family orchestrated
this plan so they could buy out the land for a cheap price from the banks
who desperate needed money to stay open
Historical Appropriate Use of Relevant Historical
Evidence
This event is still relevant to modern time and history because the United
States never fully recovered. Though still very wealthy and powerful it has
not gone back to its golden ages where you could buy a lot of items with just
twenty dollars. In 1922 $20 now would be worth roughly $296.42.
Interpretation

No one and everyone had the fault. The United States Government could
have prepared for an event as the great depression. To have some money in
reserve just incase of a depression so that the nation doesn’t fall too deep in
economic disparity. Also it was an unforeseeable event that no one would
know that in a time of economic boom would see.
Synthesis

During the Great Depression 15 million people were unemployed which is

20% of the United States population. Leaving their generation scared with
fear of not being able to pay for anything because of high prices and the
drop of wages or the loss of a job. Many people were homeless and
unemployed. Though recover did begin in the early 1933’s but the
depression has made its mark in United States history and as a reminder to
the depression that made America a poverish country.
Investigate the World
I Investigated the World by reading this chapter and seeing the effects of
the political and economic issues of the United States.
Recognize Perspectives

This chapter Recognized the Perspectives of Eric Foner and the people he
cited his work from. I also recognized their perspectives because I read the
chapter.
Communicate Ideas

The book Communicated Ideas with me so I got the Ideas of Eric Foner from
the book and turned that knowledge into a presentation.
Take Action

A way Took Action in this project was the deep research on my chapter and
I also made a presentation to present to my fellow peers.
Works Cited

Foner, Eric. Give Me Liberty!: An American History. New York: W.W.

Norton & Co, 2008. Print.