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The Great Depression AIM: What caused the Great Depression & how did the federal government respond?
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I. The Great Crash
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A. Causes of the Great Depression
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Unemployment, This downward spiral continued for 4 years; By 1932 unemployment was at 25%
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II. Effects of the Great Depression
A. The Depression hit all classes: “Hoovervilles” Unprecedented poverty & suicide rates; fathers abandoned their families; lawlessness ensued
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“Hoovervilles” & “Hoover Flags”
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3. African-Americans who had migrated to North were laid off as well as women
4. Mexican immigrants faced competition & deportation from angry Americans 5. The middle class was hit hard: Refused relief checks & charity Many lost their homes Health care declined; doctor & dentist visits were “luxuries”
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Employment Agencies & Relief-Check Lines
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Soup Kitchens & Breadlines
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These 4 potatoes are Christmas Dinner
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David Glaser Class of ’15 took this picture
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Life During the Depression continued
6. Rising unemployment (25%, 13 mil), bank & business failures 7. Bread lines, soup kitchens 8. Decline in birth rate
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10. Childhood anxiety; school enrollment increased
9. Psychological impact – people blamed themselves 10. Childhood anxiety; school enrollment increased
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Why has Dad gone?
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B. Past Times 1. Leisure: board games (Monopoly), pinball, cycling, escapist novels (The Good Earth, Gone w/ Wind) 2. Radio and Film: soap operas, “Lone Ranger,” War of the Worlds; movie attendance up (Marx Bros, etc.)
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C. Dust Bowl
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Mortgage Foreclosures
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Hoover Struggles to Fight the Depression
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III. Hoover’s Response to GD
“Prosperity is just around the corner.”
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Hoover and Voluntarism
Initial response was to reassure Americans that prosperity would return Reflected gov’t action & called for volunteerism among charities, local gov’t, & business “Rugged individualism”
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C. Reconstruction Finance Corps (RFC) which loaned money to failing businesses
TRICKLE DOWN ECONOMICS
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Hawley Smoot Tariff-1930 Debt Moratorium
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The Hoover administration initiated job-creation programs, like building the Hoover Dam
Boulder Dam was renamed Hoover Dam
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F. Failure of Hoover Plan
1. Refusal to provide direct relief 2. Bonus Army March on Wash. 1932
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Bonus Army Douglas MacArthur Dwight Eisenhower
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Bank Failures,
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VII. Summary The inability of Republicans to resolve the economic depression opened the door for a Democratic takeover in politics Democrats succeeded in relieving some suffering, restored hope, & created an unprecedented level of gov’t intervention in the process
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