13 The Great Depression


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13 The Great Depression

  1. 1. Objective: Analyze the causes of the Great Depression
  2. 2. <ul><li>Prior to 1929 stock prices kept going up driven by speculation in Real Estate </li></ul><ul><li>People and Banks heavily invest in stock market to make money </li></ul><ul><li>October 29 1929 (Black Tuesday) the market fails and stocks begin to fall </li></ul><ul><li>This creates panic and the market crashes </li></ul>
  3. 3. <ul><li>Nation’s wealth not shared by everyone </li></ul><ul><li>Farmers grew more crops then people could buy </li></ul><ul><li>Overproduction by factories </li></ul><ul><li>Congress placed high tariffs on European goods </li></ul><ul><li>Banking system had many problems </li></ul><ul><li>Government did not pass laws to correct problems (Laissez-faire) </li></ul>
  4. 4. <ul><li>He encourage voluntary associations of business leaders to eliminate inefficiency in business </li></ul><ul><li>He asked all levels of government to volunteer to fund public projects to get people back to work </li></ul><ul><li>Hoover believed America would turn around without massive federal intervention </li></ul>
  5. 5. <ul><li>By 1933, 13 million unemployed </li></ul><ul><li>1 million live in Hoovervilles made of junk or scrap wood around the country </li></ul><ul><li>People search for food in the garbage </li></ul><ul><li>1931 seven year drought destroys mid-west farms the soil simply dries up and blows away </li></ul>
  6. 6. <ul><li>Protests against Hoover continue to raise </li></ul><ul><li>A veterans group composed of WWI veterans go to Washington ask for their bonus </li></ul><ul><li>The veterans protested peacefully but Hoover sent in the Army with bayonets to break up the group </li></ul><ul><li>After this Hoover would be voted out office in 1932 </li></ul>
  7. 7. <ul><li>The mid-west becomes known as the Dust Bowl </li></ul><ul><li>Thousands of farmers sell their farms and move to California </li></ul><ul><li>In California they become migrant farm workers </li></ul><ul><li>They stream into California with hunger in their eyes </li></ul><ul><li>For every job ten men applied for it and they try to under cut each other by working for less </li></ul>
  8. 8. <ul><li>As the depression dragged on the government began to pay owner/farmers not to plant crops </li></ul><ul><li>Instead of not planting on their field they would force the tenant/farmers off their land instead </li></ul><ul><li>Discrimination against immigrants increased also </li></ul><ul><li>In L.A. 12,000 people of Mexican descent including U.S. Citizens were deported back to Mexico by the government </li></ul>
  9. 9. <ul><li>Who was greatly affected by the Dust Bowl? </li></ul><ul><li>Answer: Farmers </li></ul><ul><li>Who made up the Bonus Army? </li></ul><ul><li>Answer: Veterans of WWI </li></ul><ul><li>Name three causes of the Great Depression. </li></ul><ul><li>Answer: Over production, wealth not share by everyone, Banking problems, high tariffs </li></ul><ul><li>What is a Hooverville? </li></ul><ul><li>Answer: shacks made out of discarded wood by homeless people </li></ul>
  10. 10. <ul><li>What Amendment started Prohibition? </li></ul><ul><li>Ans. 18 th </li></ul><ul><li>What Amendment ended Prohibition? </li></ul><ul><li>Ans. 21 st </li></ul><ul><li>What organization was started as a result of the Red Scare? </li></ul><ul><li>Ans. ACLU </li></ul><ul><li>Harlem Renaissance refers mainly to? </li></ul><ul><li>Ans. The Black Literary movement </li></ul>