<ul><li>Essential Question: </li></ul><ul><ul><li>What caused the Great Depression & how did the federal government respon...
The Great Depression
The Great Depression <ul><li>The Depression of the 1930s came as a shock to Americans: </li></ul><ul><ul><li>The consumer ...
The Great Crash <ul><li>Prelude to the stock market crash  </li></ul><ul><ul><li>In 1927, the economy had a recession but ...
The Great Crash <ul><li>On October 29, 1929 the stock market dropped & investors panicked by selling; led to a plummet in ...
Black Tuesday
The Great Crash <ul><li>Reasons for the depression: </li></ul><ul><ul><li>US factories produced too many goods for people ...
 
Unemployment, 1929-1942 Downward spiral continued for 4 years;  By 1932 unemployment was at 25%
In 1929, the total market debt of the USA was 210% of the value of GDP By 1934, US debt rose to 265% of GDP In 2005, the v...
Effects of the Great Depression <ul><li>The Depression hit all classes: </li></ul><ul><ul><li>Many families lost their hom...
Effects of the Great Depression <ul><li>African-Americans who had migrated to North were laid off </li></ul><ul><li>Mexica...
Employment Agencies &  Relief-Check Lines
Soup Kitchens & Breadlines
Mortgage Foreclosures
 
These 4 potatoes are Christmas Dinner
Where’s daddy?
“Hoovervilles” & “Hoover Flags”
Hoover Struggles to Fight the Depression
Hoover and Voluntarism <ul><li>Hoover’s initial response to the Depression was reassurance that prosperity would return </...
 
Hoover and Voluntarism <ul><li>In 1932, President Hoover suffered two final blows: </li></ul><ul><ul><li>When 22,000 WWI v...
Bonus Army Douglas MacArthur Dwight Eisenhower
Bank Failures, 1929-1933
Fighting the Depression <ul><li>The inability of Republicans to resolve the economic depression opened the door for a Demo...
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1 the great depression 2006 2007-1

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  • Lesson plan for Friday, February 16 th , 2007: Warm-up Question, Hoover video, Great Depression notes
  • Stock market only had about 3 million active buyers &amp; sellers but the spillover into the greater economy led to the Great Depression
  • Economic conditions in Europe, Agricultural decline since 1919, corporate mismanagement, excessive speculation all contributed to the GD as well
  • Boulder Dam was renamed Hoover Dam
  • 1 the great depression 2006 2007-1

    1. 1. <ul><li>Essential Question: </li></ul><ul><ul><li>What caused the Great Depression & how did the federal government respond? </li></ul></ul><ul><li>Warm-Up Question : </li></ul><ul><ul><li>What caused the Great Depression? </li></ul></ul>
    2. 2. The Great Depression
    3. 3. The Great Depression <ul><li>The Depression of the 1930s came as a shock to Americans: </li></ul><ul><ul><li>The consumer revolution led to confidence that 1920s economic prosperity would continue </li></ul></ul><ul><ul><li>When the stock market crashed in 1929, businesses closed & millions were unemployed </li></ul></ul><ul><ul><li>Americans began to look to the gov’t for unprecedented support </li></ul></ul>
    4. 4. The Great Crash <ul><li>Prelude to the stock market crash </li></ul><ul><ul><li>In 1927, the economy had a recession but gov’t & business leaders ignored warning signs </li></ul></ul><ul><ul><li>The Federal Reserve hoped a lowered loan interest rate would stimulate the economy, but this easy credit led speculators to buy stock on-the-margin </li></ul></ul>
    5. 5. The Great Crash <ul><li>On October 29, 1929 the stock market dropped & investors panicked by selling; led to a plummet in stock prices </li></ul><ul><li>Banks lent less money, factories produced less, workers were fired or paid less -> consumers had less money to spend -> factories & businesses closed </li></ul>
    6. 6. Black Tuesday
    7. 7. The Great Crash <ul><li>Reasons for the depression: </li></ul><ul><ul><li>US factories produced too many goods for people to consume </li></ul></ul><ul><ul><li>The post-war conditions in Europe decreased foreign trade </li></ul></ul><ul><ul><li>Unequal distribution of wealth, high consumer debt, stock market over speculation led to a an overall decrease in consumer purchase power </li></ul></ul>Consumers already owned durable goods & were not buying more
    8. 9. Unemployment, 1929-1942 Downward spiral continued for 4 years; By 1932 unemployment was at 25%
    9. 10. In 1929, the total market debt of the USA was 210% of the value of GDP By 1934, US debt rose to 265% of GDP In 2005, the value of US debt was 303% of GDP
    10. 11. Effects of the Great Depression <ul><li>The Depression hit all classes: </li></ul><ul><ul><li>Many families lost their homes or farms & were forced to live in “Hoovervilles” </li></ul></ul><ul><ul><li>The US saw unprecedented poverty & suicide rates; fathers abandoned their families; lawlessness ensued </li></ul></ul><ul><ul><li>The US gov’t offered relief checks to the unemployed </li></ul></ul>
    11. 12. Effects of the Great Depression <ul><li>African-Americans who had migrated to North were laid off </li></ul><ul><li>Mexican immigrants faced competition & deportation from angry Americans </li></ul><ul><li>The middle class was hit hard: </li></ul><ul><ul><li>Refused relief checks & charity </li></ul></ul><ul><ul><li>Many lost their homes </li></ul></ul><ul><ul><li>Health care declined; doctor & dentist visits were “luxuries” </li></ul></ul>
    12. 13. Employment Agencies & Relief-Check Lines
    13. 14. Soup Kitchens & Breadlines
    14. 15. Mortgage Foreclosures
    15. 17. These 4 potatoes are Christmas Dinner
    16. 18. Where’s daddy?
    17. 19. “Hoovervilles” & “Hoover Flags”
    18. 20. Hoover Struggles to Fight the Depression
    19. 21. Hoover and Voluntarism <ul><li>Hoover’s initial response to the Depression was reassurance that prosperity would return </li></ul><ul><li>Hoover rejected bold gov’t action & called for volunteerism among charities, local gov’t, & business </li></ul><ul><li>As the depression worsened, Hoover called for gov’t projects like the Reconstruction Finance Corps (RFC) which loaned money to failing businesses </li></ul>
    20. 23. Hoover and Voluntarism <ul><li>In 1932, President Hoover suffered two final blows: </li></ul><ul><ul><li>When 22,000 WWI veterans marched on Washington DC to demand immediate payment of their bonus checks, Hoover ordered this Bonus Army to be forcibly removed </li></ul></ul><ul><ul><li>Steady rise of bank failures led to a complete collapse of the US banking system </li></ul></ul>
    21. 24. Bonus Army Douglas MacArthur Dwight Eisenhower
    22. 25. Bank Failures, 1929-1933
    23. 26. Fighting the Depression <ul><li>The inability of Republicans to resolve the economic depression opened the door for a Democratic takeover in politics </li></ul><ul><li>Once in power, Democrats succeeded in relieving some suffering but created an unprecedented level of gov’t intervention in the process </li></ul>
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