The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start...

26
The Great Depression Unit 8, Lesson 4

Transcript of The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start...

Page 1: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

The Great Depression

Unit 8, Lesson 4

Page 2: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Essential Idea

• Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient response led to the election of Franklin Roosevelt.

Page 3: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

The Great Depression

• Previous “panics”

• The business cycle

• The Great Depression

Page 4: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Early Indicators

• Wealth gap• Poor farm economy

– Agricultural Marketing Act (1929)

• Global economic problems

• Growing consumer debt

Page 5: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Causes of the Great Depression

• O.B.O.E.– Overspeculation– Bank failures– Overproduction– Economic policies (of the government)

Page 6: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Overspeculation

• “Playing the market”

• Buying on margin

• Margin call

Page 7: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Overspeculation

• Black Thursday• Black Tuesday (October 29th, 1929)• Investor reactions

Page 8: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 9: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Bank Failures

• Banks and the stock market

• Banks collapse

• Bank runs

• Life savings

Page 10: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Overproduction

• Overproduction

• Installment plans

• Unemployment

• Downward spiral

Page 11: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Economic Policies

• Hawley-Smoot Tariff (1930)

• Intended effects

• Actual effects

• The Great Depression Begins

Page 12: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Hoover’s Foreign Policy Response

• World wide depression

• Hawley-Smoot Tariff (1930)

• Debt moratorium (1931)

Page 13: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Hoover’s Domestic Response

• “Rugged individualism”

• Idealism vs. Reality• Federal Farm Board• Reconstruction

Finance Corporation (RFC)

• Direct Relief• Results • Great Depression Set

s In

Page 14: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Protest• Farm Holiday

Association• Bonus Army• Douglas MacArthur • Public response• Bonus Army

Page 15: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 16: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Urban Life During the Great Depression

• Hobos • Breadlines• Hoovervilles,

etc. • Hoover-probl

ems

Page 17: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 18: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Rural Life During the Great Depression

• Farming techniques

• Drought

• Dust Bowl– Okies – The Dust Bowl

Page 19: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 20: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 21: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 22: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 23: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.
Page 24: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Life During the Great Depression

• Women

• Blacks

• Mexican Americans

• Minorities in the Depression

Page 25: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.

Election of 1932

• Herbert Hoover (Republicans)

• Hoover Loses Support• Franklin D. Roosevelt

(Democrats)• Results• Hoover as a “lame duck”• 20th Amendment (1933)

Page 26: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient.