Some statistics to illustrate the severity of the Great Depression... Although only a small percentage of Americans were directly affected by the stock.

Slides:



Advertisements
Similar presentations
Hardship and Suffering in the Great Depression 1.Use evidence and explain three ways Americans were impacted by the Great Depression 2.Analyze President.
Advertisements

The Great Depression Impacts of Depression Prices of stock dropped 40% 86,000 businesses failed 9,000 banks went out of business 9 million.
The Great Depression and New Deal
NOTES 2: TRYING TO SAVE A NATION- HOOVER FACES THE DEPRESSION March 2013 Modern US History Unit 2: The Great Depression.
The Great Depression Hopelessness, Hoboes, and Hoover.
Stock certificate. “Black Tuesday” headline (October 29, 1929)
 Farmers in trouble  Industries in trouble- RR, steel, textiles  Credit- People buying in credit and installment plans  Buying on the Margin  Lead.
Hardship and Suffering in the Great Depression Objective: Use evidence from the lecture and explain three ways Americans were impacted by the Great Depression.
Hoover’s Response to the Great Depression
ThanksHoover!OkiesOz Flying Monkeys
President Hoover’s Response to the Depression
Responses to the Great Depression
Great Depression. Causes of the Great Depression Stock Market Crash- Black Tuesday- October 29, 1929 – Stock prices had fallen the Thursday before – The.
CRASH AND DEPRESSION. THE GREAT CRASH September 1929 – the Dow Jones Industrial Average reached an all time high Black Tuesday (October 29,
Stock market crash Didn’t realize the effect it would have No money to replenish what was borrowed Many men committed suicide because they lost.
Economic Troubles The Great Depression. Industry In Trouble Steel &Textiles – No more military business Railroads – Lost transport $ to cars & trucks.
1. List three ways African Americans were negatively impacted by the Great Depression. 2. What programs/agencies actually helped African Americans during.
Comparative Unemployment Rates: Panic 1893: 18% Great Depression: 25% Great Recession: 10%
The Great Depression Chapter 26. The Reasons For The Crash ► Uneven distribution of income  Over half of the nations population was at or below the minimum.
The Great Depression: The Herbert Hoover Years
Government’s response to the Great Depression. 31 st President of the United States is Herbert C. Hoover. Elected in 1928 Republican Former Secretary of.
President Hoover & the Great Depression. Warm-up Look back at your timeline. When was President Hoover elected? What major events happened during his.
The Great Depression The Great Depression Black Tuesday & the Great Crash bull market – rising stock prices (way too fast)  plummeted to bear market.
PRESIDENT HERBERT HOOVER SIGNS OF THE DEPRESSION: 1. INCREASING UNEMPLOYMENT 2. FARMERS LOST THEIR LAND. 3. STOCK PRICES DECLINED.
Herbert Hoover elected president in 1928 Hoover was: Orphaned at a young age, Graduated from Stanford University Degree in Geology Mining Engineer Millionaire.
The Election of 1932 Mr. Dodson. The Election of 1932  How did President Hoover respond to the Great Depression?  What did Roosevelt mean when he offered.
A.Causes of the depression 4. Suffering world economy – Europe has been in a depression since the end of the Great War in Consumer Debt – too.
THE 1930s The Desperate Years. Causes of the Great Depression -distribution of income -stock market speculation -international trade barriers -mechanization.
The Great Depression and The New Deal
Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers.
Learning Target: #1 What caused the Great Depression? What steps were taken by the federal government (congress, president Hoover and FD Roosevelt) to.
Effects of the Great Depression The Human Effect.
Vocab Facts & Causes FDR 1932 Election New Deal.
The Great Depression The period of time from in which the economy faltered and unemployment soared.
The Stock Market Crash & The Great Depression
Great Depression & the New Deal. Boom to Bust Most Americans believed the economic prosperity of the 1920s would last forever because: – Companies were.
Welcome! The Topic For Today Is… Great Depression.
The Great Depression Section 1: The End of Prosperity The collapse of the stock market in 1929 helped lead to the start of the Great Depression. Key.
The Great depression Chapter 14. Great depression Does not end until start of World War IIDoes not end until start of World War II.
The Great Depression “We felt lucky if we got an orange for Christmas” -Grandma.
The Great Depression Production fell, unemployment rose, and the economy went into a period of dramatic decline.
The Great Depression Chapter 22 Dorothea Lange’s “Migrant Mother”
Great Depression (1929 – 1941). Causes  Unequal distribution of wealth  High tariffs and war debts  Farm crisis – low demand, low prices  Overproduction.
The Great Depression and FDR Chapter 25, Sections 1 and 2.
Let’s review those causes of the Great Depression… Stock Market Crash of 1929Stock Market Crash of 1929 October 29 th, >Black Tuesday October 29.
THE GREAT DEPRESSION S.  Election of 1928-Hoover elected-won in a landslide  Enters in during a time of prosperity: 1920s experienced a strong.
United States History Chapter 15 Crash and Depression ( )
+ Election of 1932 Hoover v. FDR. + Despair and Protest By 1932, millions of unemployed workers and impoverished farmers were in a state bordering on.
The Great Depression 1929? How was life in the 1920s?
In the 1920s, millions of people bought stocks (a share of a company owned by individuals or groups) on speculation. Speculation means that they bought.
The Great Depression and the New Deal
Great Depression and New Deal Section 3 and 4. Herbert Hoover’s beliefs Herbert Hoover believed that the economy would recover on its own (it always did.
Stock market crash Didn’t realize the effect it would have No money to replenish what was borrowed Many found being broke humiliating.
The Great Depression SS5H5. a. Discuss the Stock Market Crash of 1929, Herbert Hoover, Franklin Roosevelt, the Dust Bowl, and soup kitchens. The Stock.
The Great depression Chapters
The Great Depression.
The Great Depression.
Standard 17.
Chapter 9 The Great Depression
The Great Depression & The New Deal
The Great Depression Aim: How did the underlying flaws of the 1920’s economy lead to the Great Depression?
Hoover v. FDR Differences in Policy.
THE GREAT DEPRESSION AND THE NEW DEAL Cause and Effect
The Great Depression Begins
Economic Weaknesses in US, 1920s
Aim: How did President Hoover respond to The Great Depression?
Chapter 25 APUSH Mrs. Price
Unit 5 Section 11 The Great Depression.
“Rugged Individualism”
Road to the Great Depression
Presentation transcript:

Some statistics to illustrate the severity of the Great Depression... Although only a small percentage of Americans were directly affected by the stock market crash of 1929 in which $30 billion was lost in a few days, by early 1930 more than stocks were in decline - For Example...

30,000 U.S. businesses collapsed in 1930 (28,000 more in 1931) By the beginning of 1932, nearly 3500 banks had gone under Also by 1932, almost 12 million people were out of work 400,000 farms were lost to foreclosure The national income in 1932 was about 1/2 of 1929’s figure Every week, almost 100,000 more workers lost their jobs The worst statistical year of the Great Depression was 1932, but the economy of the U.S. would not recover until WWII.

Men standing in a soup line A squatter’s shack

Other examples of how desperate the situation became include… Chicago experienced 50% unemployment, Toledo 80% 250,000 teenagers traveled the roads and rode the rails Fights broke out over barrels of garbage in cities One New York couple moved into a cave in Central Park More people left the U.S. during the 1930s than came to the U.S. This was the only time in our history this occurred.

Sale of a foreclosed farm Walking 30 miles to see family Waiting outside a relief agency

Unemployment line in NYC School in Alabama Migrant workers looking for work Migrant worker on the road

Homeless woman and family Okies on way to Califonria A Hooverville

18 year old mother with child Men standing outside a bank Family living in a tent

Leaving the Dust Bowl for California Wife and children of a sharecropper

The plight of Farmers during the... The situation for farmers was no better than for most during the Great Depression. Farmers were forced to contend with… A “Dust Bowl” due to drought and poor farming methods Dropping prices and demand for agricultural products ( it was sometimes cheaper to destroy crops and livestock) Possibility of foreclosure and/or eviction from farms and homes

Dust storm in KansasDust storm in Oklahoma

Man in dust storm Dust storm in Oklahoma Homeless man in NY selling apples

So, what caused the Great Depression? CAUSES OF GREAT DEPRESSION Rise in production not met by rise in wages Uneven Distribution of Income Availability of Easy Credit (Installment Plan) Unbalanced Foreign Trade (Hawley- Smoot Tariff) Mechanization

The Great Engineer struggles with America’s Hard Times Hoover advocated “Rugged Individualism” Believed in help from state and local government, not from federal government Feared handouts would hurt self-respect “We have now passed the worst and with continued unity of effort shall rapidly recover.” (1930)

What does Hoover do about the Great Depression? Hoover does eventually take some measures to combat the slumping economy… he advises no payroll cuts, suggests not asking for higher wages, and asks farmers to limit production voluntarily. Hoover also … Sets aside funding for public works (Hoover Dam) Endorses the Home Loan Bank Act Establishes the Reconstruction Finance Corporation But Hoover’s efforts are seen as “too little, too late” AND...

... Hoover’s loss in the Presidential Election of 1932 was almost assured by his handling of events involving the Bonus Army 25,000 former doughboys (WWI vets) arrived in Washington, DC to ask for the early payment of a bonus they were set to receive in 1945 *called themselves the Bonus Expeditionary Force The early bonus was denied by Congress and Hoover eventually called out troops (MacArthur) to clear out the encamped veterans *camp was burned, tear gas and tanks used; 100 casualties

With increasing riots and protests nationwide, and the economy remaining in depression, the election of 1932 represented a turning point in how Americans viewed the role of the federal government The Presidential Election of 1932 Herbert Hoover (R) vs. Franklin Roosevelt (D) Roosevelt promised a “new deal” for the American people; he carried 42 of 48 states and won 57% of popular vote “Did you hear about the hobo who traveled cross country in record time? He wore a sign that said give me a lift or I’ll vote for Hoover!” A letter to Hoover read “Vote for Roosevelt and make it unanimous!”

“The only thing we have to fear is fear itself” - quote from FDR’s inaugural speech in 1933 As you watch The Century: Stormy Weather and read about FDR and the New Deal, consider… How was the role of the federal government changed by FDR and the New Deal?