The Great Depression Chapter 12.

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Presentation transcript:

The Great Depression Chapter 12

Cause of the Depression Americans Face Hard Times Chapter Lay-out Cause of the Depression Americans Face Hard Times Hoover’s Response Fails

What was the Great Depression? longest-lasting economic downturn in American history (1929-1939) During this period consumer spending and investment dropped, unemployment rose, and companies went out of business.

3rd Republican President of the 1920’s 31st president of the USA 3rd Republican President of the 1920’s Believed Government should not interfere with Businesses Believed government should not provide direct assistance to the poor Herbert Hoover (1929-1932)

Economic Problems/Causes of Great Depression Farmers were in debt Uneven distribution of Wealth Overproduction of good Consumers accumulated Debt due to credit/ installment payments

Billions of dollars were lost Stock Market Crash On October 29, 1929 the stock market collapsed Known as “Black Tuesday” Billions of dollars were lost The stock market crashed marked the beginning of the Great Depression

Hooverville Hoovervilles were makeshift shantytowns and tents built on public lands and vacant lots

Hooverville

The Dust Bowl, also known as the Dirty Thirties was a period of severe dust storms and droughts that greatly damaged the environment and agriculture of the Mid- West region of the USA in the 1930s.

Many families Migrated West (Mainly California) Okies Dust Bowl refugees ( refugee- a person who has been forced to leave their country in order to escape war, persecution, or natural disaster). Many families Migrated West (Mainly California)

Hoover’s Response Fails