1. The Great Depression ID’s: Hawley Smoot Tariff Speculation Run on the Banks Black Tuesday Wild Boys Hoovervilles

2. Superficial Wealth “Sick Industries” – Coal, Steel, and Farming
Low Demand and Over-production
Coolidge vetoes Price Supports: Govt buys surplus crops at guaranteed prices

3. A Bull Market Americans rushed to the Stock Market
Speculation: Buying stocks on the chance of quick profit
Buying on margin: paying a small percentage of stock’s price as a down payment and borrowing the rest

4. Sept/Oct 1929 stock prices began to fall Oct. 29, 1929 = Black Tuesday
16 million share dumped
By mid-November $30 billion had been lost

5. Banks People panicked and withdrew their money from banks
Rush on the banks + banks who lost $ in the crash = lost fortune/savings accounts
Black Tuesday

6. Hawley-Smooth Tariff 1930: Highest protective tariff in US History
Protect manufacturers from foreign competition
Unemployment became worse
Other nations retaliated

8. Herbert Hoover Takes Office
An engineer, philanthropist, and believer in “Rugged Individualism”
People should succeed through their own efforts and not depend on the govt.

9. ENOUGH?
Hoover Dam: Provided jobs, electricity, flood control ,and regular water supply
Reconstruction Finance Corporation: (RFC) Emergency financing for banks, railroads, and large companies
Trickle down economics
The people couldn’t wait

10. Hoovervilles

11. Gassing the Bonus Army WWI veterans (Bonus Army) gathered in D.C.
Hoover sent in 1,000 infantry and they gassed the entire group
1 death, 1 blinded, 2 shot, many more injured

12. GREAT DEPRESSION GALLERY WALK
Round 1: Give a title to the images
Round 2: What is the very 1st thing that caught your attention in this image? Why?
Round 3: List 2 things that you notice about this image
Round 4: Add two more things that stand out to you (could be what is missing too)
Round 5: What is similar about these images? Try to be as specific as possible
Round 6: What do you think is happening in this image?
Round 7: What are five words that describe what the people in these images must have been feeling?
Round 8: Write two questions you have about this image
Round 9: How would you have handled this situation?