Government reaction to the depression The USA 1929 to 1932.

Slides:



Advertisements
Similar presentations
Hoover’s response to the depression
Advertisements

Hoover’s Failure with the Depression Essential Questions: 1.)What was Hoover’s initial response to the Great Depression?
Hoover’s Handling of the Hardship How does Hoover’s policies worsen the depression?
Hoover’s Handling of the Hardship How does Hoover’s policies increase the depression?
 Farmers in trouble  Industries in trouble- RR, steel, textiles  Credit- People buying in credit and installment plans  Buying on the Margin  Lead.
American History Chapter 21-3 Hoover as President.
How did the American government tackle the Great Depression?
Hoover’s Response to the Great Depression
The Great Depressio n. In the 1930s the United States went into a severe economic state.
GREAT DEPRESSION in 1930 S.. Sometimes people ARE depressed.
 1920's had been a period of good economic times  Tuesday, Oct. 29th, NYC Stock market crashed, causing a depression that would last years.
Great Depression Economic disaster that hit the United States following the stock market crash of 1929 It involved widespread business failure.
Great Depression. Causes of the Great Depression Stock Market Crash- Black Tuesday- October 29, 1929 – Stock prices had fallen the Thursday before – The.
HOOVER vs. FDR.
71% of the population earned less than $2,500 a year Increasing personal debts due to “credit” Overproduction in factories and farms causing prices to.
The Great Depression Section 1. An Economy in Trouble The 1920’s were prosperous for Americans, but not everybody Farmers were hit especially hard because.
The Great Depression Notes: Chapter 14. I.) The Election of 1928 A. Republican candidate = Herbert Hoover B. Democrat candidate = Alfred E. Smith C. Outcome:
The Depression. Election of 1928 Alfred E. Smith Herbert Hoover.
Bellringer 12/16 Credit lead to an unnatural demand for goods. This resulted in _____production. What were bank “runs”? How did buying on margin help lead.
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.
 Big Win  Promised continued prosperity  Popular with both parties  Weakness----  Timing!!!!! (Crash of ‘29)
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 Hoover as President.
The Great Depression ( ) Unit Objectives Analyze and Explain: 1. What a “depression” is 2. Causes of the “Gr. Dep.” 3. Solutions? 4. How it affected.
Causes of the Depression. BLACK TUESDAY – start of GREAT Depression BLACK TUESDAY – start of GREAT Depression Happened because of little Govt. regulation.
Americans prosperous called “Roaring 20’s” Depression started in 1929 with the crash of the Stock Market.
Causes of the Great Depression  Overproduction & Underconsumption  Overexpansion of credit  Uneven distribution of income  Speculation in stock market.
The Great Depression ( )
Hoover Takes Action… “Any lack of confidence in the economic future… is foolish.”
The Great Depression Begins Mr. Fisher United States History.
 Republican Herbert Hoover (Quaker) VS.  Democrat Alfred E. Smith (Catholic) Three P’s:  Prosperity  Prohibition- Hoover “dry” Smith “wet”  Protestantism.
From The Great Crash to The Great Depression What caused the crash? Take out your video notes and last night’s homework and turn to your neighbors. Generate.
What were the causes and consequences of the Wall Street Crash? A very brief set of notes…
Learning Target: #1 What caused the Great Depression? What steps were taken by the federal government (congress, president Hoover and FD Roosevelt) to.
Chapter 9: The Great Depression
The Great Depression American History (B) Mr. Simmons.
Bellringer What is a “Hooverville?”What is a “Hooverville?” Who “rode the rails” to seek a better life?Who “rode the rails” to seek a better life? What.
10/14 Bellringer 5+ sentences The “American Dream” is a long held belief in the US that every citizen should have an equal opportunity to achieve success.
From The Great Crash to The Great Depression: The Tragic Presidency of Herbert Hoover.
Hoover and the Depression Chapter 22 Section 3 Notes.
Good Morning, Please pick up the handout on the table QUIZ WEDNESDAY ON THE CAUSES OF THE GREAT DEPRESSION.
Hoover’s Reaction. Election of 1928 Hoover wins Hoover is confident it is a time of prosperity.
Chapter 25 Section 1 The Cold War Begins Section 3 Hoover’s Response Fails Discuss how Hoover’s initial conservative response to the depression failed.
Do Now. Brainstorm some possible solutions to the problems that existed during the Great Depression Brainstorm some possible solutions to the problems.
Causes of the Depression Major industries barely made a profit Overproduction reduced profits for farmers Americans started buying less and/or living.
Hoover’s response to the depression
How did the American government tackle the Great Depression?
Aim #64: What was Hoover’s response to the Depression? Do now! Read and answer questions for “How would you have addressed the Great Depression?
The Main Idea Herbert Hoover came to office with a clear philosophy of government, but the events of the Great Depression overwhelmed his responses. Reading.
Hoover Struggles with the Great Depression. Hoover’s Philosophies Depression were a natural part of the business cycle Laissez-faire (government should.
The Election of 1932 Voluntary Action Fails Hoover believed that voluntary action by U.S. businesses was the best way to end the economic crisis. – Business.
The Great Depression Begins. DRQ 11.1 BRIEFLY DESCRIBE HOW THE 1920’S AFFECTED THE FOLLOWING GROUPS OF PEOPLE: WOMEN FARMERS CONSUMERS Lecture.
The Main Idea Herbert Hoover came to office with a clear philosophy of government, but the events of the Great Depression overwhelmed his responses. Reading.
22-3: Hoover Struggles with the Depression. Hoover’s Philosophy of Government He did not believe that the federal government should be given its citizens.
America in the 1930s Part one The Great Depression.
Hoover’s Handling of the Hardship
Agenda 3/7/11 Go over 9.3 – Hoover’s Response
Hoover Responds to the Depression
THE GREAT DEPRESSION Economic Causes.
Hoover & The Depression
Hoover Responds to the Depression Pgs. 412 – 415
President Hoover’s Reaction to Great Depression
President Hoover ESSENTIAL QUESTION: Why was Herbert Hoover unable to cope with the Great Depression?
HOOVER’S POLICIES.
THE GREAT DEPRESSION Economic Causes.
Hoover & the Great Depression
Hoover’s Response to the Great Depression
Evaluate the impact of Hoover’s programs on the Great Depression.
Road to the Great Depression
America is Ready for a Change
Presentation transcript:

Government reaction to the depression The USA 1929 to 1932

Aims of the lesson By the end of this lesson you will Understand how the Republican government reacted to the economic problems that faced them between 1929 and 1931 Evaluate the influence of Hoover on these policies

Background 1929 – Wall Street Crash The USA went into a huge depression at the start of the 1930s The Republican government believed in laisses-faire and refused in interfere 1928 – Hoover elected promising more prosperity His dreams lay in ruins

The influence of Hoover Hoover believed that government made people weak and dependant Rugged individualism Had set up the Federal Farm Board in 1928 to help farmers – special case Cut taxes in 1930 – in order to give people more money to spend Put money into building public building to lower unemployment

PECE and POUR Set up a group called the President Emergency Committee (PECE) for employment to help business Renamed the Presidents Organisation for Unemployment Relief (POUR) in 1931 In 1932 started to get backsides into gear It was election year and the Republicans faced defeat if they did not do something

What they did July 1929 – Federal farm Board - $500m dollars on farm relief – destroyed the food it bought as opposed to giving it to the poor June 1930 – Smoot-Hawley Relief – increased tariffs in order to persuade people to buy American goods. As a result it made things worse as opposed to better

What they did (2) 1931 – National Credit Corporation – funded by banks and businesses to save smaller businesses had lent only $10m in its first year – replaced by …… January 1932 – Reconstruction Finance Corporation – govt controlled replacement for the NCC

What they did (3) July 1932 – Emergency Relief and Construction Act – promoted public works – gave $300m for states to provide relief to the unemployed July 1932 – Federal Home Loan Act – had a fund to help people in trouble with loans. Out of applications three were accepted Too much, too little, too late