- ›› Coverage Geographical : United States of America
Many elementary school students are unaware of how banks make money and what causes them to fail. This lesson will provide students with a basic understanding of those two issues, linking them to the Great Depression and Franklin Delano Roosevelt's Banking Holiday in 1933.Essential Question How do banks make money? What causes banks to fail? How did Franklin Delano Roosevelt try to stem the failure of banks in 1933?
For most Norwegians in the nineteenth century, America remained a remote and exotic place until the first immigrants began to write home. These "American letters," which traveled from the immigrants back to former neighbors, friends, and family in the old country and which were freely shared with others, had a great influence on the extent and nature of nineteenth century migration from Europe, and especially from Norway, to the United States. Once these early Norwegian immigrant letters reached Norway, quite a few of...
On the 200th anniversary of the ratification of the US Constitution, Thurgood Marshall, the first African American to sit on the Supreme Court, said that the Constitution was “defective from the start.” He pointed out that the framers had left out a majority of Americans when they wrote the phrase, “We the People.” While some members of the Constitutional Convention voiced “eloquent objections” to slavery, Marshall said they “consented to a document which laid a foundation for the tragic events which were to follow.”
The word “slave...
The dull, purblind folly of the very rich men; their greed and arrogance . . . and the corruption in business and politics, have tended to produce a very unhealthy condition of excitement and irritation in the popular mind, which shows itself in the great increase in the socialistic propaganda.
—Theodore Roosevelt, 1906Reading 2
I think we are in a position, after the experience of the last 20 years, to state two things: in the first place, that a corporation may well be too...
The greatest economic calamity in the history of the United States occurred in the third decade of the twentieth century. When the stock market crashed in 1929 and the economy plummeted over the next few years, the nation sunk into the most pervasive depression in American history. No one escaped the suffering that the Great Depression produced. The ranks of the suffering went well beyond those who lost everything as a direct result of the stock market crash. While millions lost their fortunes in investments on and...