Chapter 22 The Great Depression. President Herbert Hoover U.S. President when Great Depression began Underestimated how bad the Depression was. Did not.

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Presentation transcript:

Chapter 22 The Great Depression

President Herbert Hoover U.S. President when Great Depression began Underestimated how bad the Depression was. Did not believe the government should interfere with business.

stocks Shares that show ownership in a company

Stock Market Crash The start of the Great Depression Stock prices fell drastically Businesses and banks went bankrupt

Great Depression A period of massive unemployment Businesses and banks failed

Law of Supply and Demand When the supply of a product goes up and the demand stays the same or goes down, prices FALL. When the supply of a product goes down and the demand stays the same or goes up, prices INCREASE.

Dust Bowl High Plains farmers plowed under the tall grasses in order to plant crops. There was nothing to hold down the soil when the wind blew. Then came a severe drought.

Franklin D. Roosevelt Elected President in 1932 after Hoover Only President to be elected to 4 terms Only President to be in a wheelchair

The New Deal FDR’s plan to combat the Great Depression Bank holiday Alphabet agencies Promoted the fine arts Taught farmers better techniques Paid farmers to reduce production Built dams to generate electricity

Alphabet Agencies Civilian Conservation Corps (CCC) National Youth Administration (NYA) Works Progress Administration (WPA) Federal Deposit Insurance Corporation (FDIC)

John Nance Garner Represented Texas in U.S. Congress from 1902 – Speaker of the House of Representatives from 1931 – Vice President under Franklin Roosevelt from 1933 – Garner once described the vice presidency as being "not worth a bucket of warm spit”.

Sam Rayburn “Mr. Sam” Elected to the U.S. Congress 24 times Speaker of the House for 17 years.

Lyndon B. Johnson Head of the NYA in Texas Later became President of the U.S.

Help for Farmers Planted grain sorghum and trees as windbreaks Planted brush in gullies and clover to stop erosion Taught farmers about contour and right angle plowing

Texas Centennial th anniversary of Texas independence from Mexico Built San Jacinto Monument

LULAC League of United Latin American Citizens Founded in 1929 in Corpus Christi Works for the rights of Hispanic Americans

Pecan Shellers Strike San Antonio More than 10,000 mostly Mexican American workers Crowded, dirty rooms in factory with poor ventilation Went on strike for 3 months when wages were cut Police arrested 700 workers Settled by arbitration – got higher pay