The GREAT DEPRESSION & the NEW DEAL [APUSH Unit 7 Topics 9-10] Period 7: 1898-1945
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In this video Heimler takes you through Unit 7 Topics 9-10 of the AP U.S. History curriculum which is set in period 7 (1898-1945).
The stock market crash of October 1929 is often understood as the beginning of the Great Depression. However, the stage was set for a depression long before that date. The combination of agricultural overproduction and historically high tariffs contributed to the start of the depression as did unwise investment practices like buying on margin.
Once the Depression began, Americans were in the mood for some government intervention into their misery and so they elected Franklin D. Roosevelt whose New Deal ushered in a dizzying array of government programs designed to provide relief, recovery, and reform.
There was a great deal of criticism for the New Deal, both from conservatives and from liberals, and the Supreme Court stepped in on more than one occasion to narrow the scope of New Deal programs that were unconstitutional.
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Because of you, I am not depressed
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day before ap exam. only on unit 7 and im coooked
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TIMESTAMPS
1:21 Hawley-Smoot Tariff
1:31 Buying on Margin
2:08 Great Depression
2:19 Hoovervilles
2:41 Franklin D. Roosevelt
3:13 Limited Welfare State
3:23 New Deal
5:31 Social Security Act of 1935
6:43 Court Packing Scheme
If you need time stamps to make it through a 8 minute video you got a problem.
@@jameskennedy6227 its mainly for those taking notes so they know what to take notes on, why r u so bitter ?? 😭
I'm in college taking an American history class...Thank you so much for these videos!! You make everything so understable and clear. It's been a lifesaver this semester.
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You are a lifesaver! Im teaching a class tomorrow as a trial run and im teaching the great depression! Thank you!
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lmao period 7 test tomorrow and American Pageant has not been opened... thank you sir
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i am so grateful for your videos, but this topic is akin to the sentiments that most apush student possesses when they are dying mentally because of this course's workload and vast expanse of knowledge required for us to be obtained
Will you be uploading a video at the end of the year as a review
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Your videos are really helpful. Just an FYI, Hoover did try to regulate the economy after the crash, e.g., the Hawley Smoot Tariff. That resulted in other nations retaliating with their own tariffs, which crippled U.S. trade, making the economic situation even worse. Thus government regulation of the economy made the situation worse, not better. Calvin Coolidge was a proponent of "laissez faire", and the economy was prosperous during his presidency...
Hoover didn't try to regulate the economy until 1930, nearly an entire year after the stock-market crash. As a proponent of the laissez-faire economic system himself, he only tried to administer legislative action after he realized that the economy wouldn't fix itself. If you research more about the underlying causes of the Great Depression, you can see that this policy that Calvin Coolidge practiced of hands-off business would ultimately lead to such severe depression.
@@cherylgrey4044 The stock market collapsed on October 24, 1929. The aforementioned Hawley-Smoot Tariff was signed by Hoover in June of 1930. Thus, it is fair to say that Hoover originally advocated a laissez faire approach for a few months until he signed the tariff into law. The tariff was clearly an act of government intervention, the opposite of laissez faire, and by signing it into law, he crippled U.S. trade by initiating a trade war with other nations. In short, Hoover initially did not intervene, but when he did intervene a few months after, he made the financial situation much worse than it originally had been.
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This information is great. However, what people never talk about is how the New Deal was paid for.
How?
@@okayriley I'm asking, because I'm interested to know.
I'm assuming it would be high rates of tax, but I don't know for sure. Maybe you could help me out.
@@colinbrown7305 pasted this from google: "All the New Deal programs were paid for, and run by, the Government. This meant that the Government's debt grew a great deal. The U.S. debt was $22 billion in 1933 and grew by 50 percent in the three years that followed, reaching $33 billion."
@@colinbrown7305 pasted from google: "All the New Deal programs were paid for, and run by, the Government. This meant that the Government's debt grew a great deal. The U.S. debt was $22 billion in 1933 and grew by 50 percent in the three years that followed, reaching $33 billion."
@@colinbrown7305It was payed for by the government. Franklin D. Roosevelt used the tactic of deficit spending to give billions of US government money to the New Deal. Deficit spending is when the government spends enough to exceed its revenue, which did leave the government in debt but did carry out effective new deal programs. Fact check this on google if you wish! They used the U.S. government budget.
"social security is going strong today"
-social security admin admits they are going to be broke within a decade
The Hawley-Smoot Tariff was passed in 1930, but the stock market crashed in 1929. Hmmm...
can you say “hi ella’s teacher”?
Ap is in 1 minute😮
3:22
About to take my end of quarter exam but I didnt read the chapters😅
Lollll how’d your quarter exam go?
i still buy on margin when i day trade stocks, the scc didn't work 😎
Buy! Buy! Buy!!!!
But what if the market doesn’t keep going up?
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Fellow oversimplified fan
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Uh… hello? Based department?
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