The greatdepression
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The greatdepression

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The greatdepression The greatdepression Presentation Transcript

  • The Great Depression 1929-1940
  • Causes of the Stock Market Crash-1929
    • Overspeculation during the 1920’s
    • Overproduction of goods
    • “ Buying on margin”
    • Uneven distribution of wealth
    • Too much borrowing from banks
    • Stock prices were grossly inflated, did not have real value
    • Federal Reserve increased interest rates
    • Lack of government regulation
  • Effects of the Stock Market Crash
    • Investors and businesses lose millions $$$
    • Thousands of banks fail-savings are wiped out
    • Businesses cut production-lay off workers
    • Unemployment rises-people quit spending money
    • Great Depression sets in
    • Depression spreads to Europe and other parts of the world
  • Causes of the Great Depression
    • Overproduction of goods
    • Underconsumption of goods by consumers
    • Agricultural slump due to overproduction
    • High protective tariff policies of the 1920’s
    • Taxes benefiting the rich-rich got richer, poor got poorer
    • Stock market crash
  • Effects of the Great Depression
    • New Deal programs start-makes the US gov’t much larger
    • Deficit spending starts
    • The New Deal creates many organizations that are still around today-social security
    • Fascist, military and communist dictators come to power throughout the world
  • The Vicious Cycle of the Great Depression
    • Companies lose $$ so they lay people off
    • Unemployment rate goes up and less people buy goods as income has dropped
    • Companies profits fall so they have to lay more people off or close
    • Cycle repeats itself
  • Herbert Hoover
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  • New York Stock Exchange
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  • John Pierpont(J.P.) Morgan
  • John D. Rockefeller
  • Calvin Coolidge
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  • Bonus Expeditionary Force
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  • Macarthur and Eisenhower
  • Breadlines
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  • Soup Kitchens
  • Hoboes Hopping Freight Trains
  • Selling Apples
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  • Dust Bowl
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  • Okies
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  • Will Rogers
  • Ch. 14.1
    • The Nation’s Sick Economy
  • McNary-Haugen Bill
    • In early 1924, Senator Charles L. McNary of Oregon and Representative Gilbert N. Haugen of Iowa introduced a bill calling for the following:
      • “ A federal farm board was to be created to purchase surplus farm production at pre-World War I prices; the surpluses were to be stored until domestic conditions improved or until a decision was made to offer them on world markets.”
  • 1928 Presidential Election
    • Herbert Hoover(R)
    • Al Smith(D)
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  • Hoover’s Ironic Speech
    • "We in America today are nearer to the final triumph over poverty than ever before in the history of this land... We shall soon with the help of God be in sight of the day when poverty will be banished from this land."
    • Herbert Hoover in his acceptance speech June, 1928
  • Dow Jones
    • The Dow Jones Industrial Average ( DJIA ) is one of several stock market indicators created by Charles Dow.
    • Dow compiled the index as a way to gauge the performance of America's stock market.
    • Today, the average consists of 30 of the largest and most widely held public companies in the US.
    • The Dow Jones Industrial Average consists of the following 30 companies:
    • 3M Co. (MMM) (conglomerates)
    • ALCOA Inc. (AA) (aluminum)
    • Altria Group, Inc. (MO) (tobacco, foods)
    • American International Group, Inc. (AIG) (property & casualty insurance)
    • American Express Co. (AXP) (credit services)
    • AT&T Inc. (T) (telecom services)
    • Boeing Co., The (BA) (aerospace/defense)
    • Caterpillar, Inc. (CAT) (farm & construction equipment)
    • Citigroup, Inc. (C) (money center banks)
    • Coca-Cola Co. (KO) (beverages)
    • E.I. du Pont de Nemours & Co. (DD) (chemicals)
    • Exxon Mobil Corp. (XOM) (major integrated oil & gas)
    • General Electric Co. (GE) (conglomerates)
    • General Motors Corp. (GM) (auto manufacturers)
    • Hewlett-Packard Co. (HPQ) (diversified computer systems)
    • Home Depot, Inc. (HD) (home improvement stores)
    • Honeywell International, Inc. (HON) (conglomerates)
    • Intel Corp. (INTC) (semiconductors)
    • International Business Machines Corp. (IBM) (diversified computer systems)
    • JPMorgan Chase and Co. (JPM) (money center banks)
    • Johnson & Johnson Inc. (JNJ) ( drug manufacturers )
    • McDonald's Corp. (MCD) (restaurants)
    • Merck & Co., Inc. (MRK) ( drug manufacturers )
    • Microsoft Corp. (MSFT) (application software)
    • Pfizer, Inc. (PFE) ( drug manufacturers )
    • Procter & Gamble Co. (PG) (consumer goods)
    • United Technologies Corp. (UTX) (conglomerates)
    • Verizon Communications (VZ) (telecom services)
    • Wal-Mart Stores, Inc. (WMT) (discount, variety stores)
    • Walt Disney Co., The (DIS) (entertainment)
    • INFO FROM WIKIPEDIA.COM
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  • Ch. 14.1
    • The Nation’s Sick Economy
  • McNary-Haugen Bill
    • In early 1924, Senator Charles L. McNary of Oregon and Representative Gilbert N. Haugen of Iowa introduced a bill calling for the following:
      • “ A federal farm board was to be created to purchase surplus farm production at pre-World War I prices; the surpluses were to be stored until domestic conditions improved or until a decision was made to offer them on world markets.”
  • 1928 Presidential Election
    • Herbert Hoover(R)
    • Al Smith(D)
  •  
  • Hoover’s Ironic Speech
    • "We in America today are nearer to the final triumph over poverty than ever before in the history of this land... We shall soon with the help of God be in sight of the day when poverty will be banished from this land."
    • Herbert Hoover in his acceptance speech June, 1928
  • Dow Jones
    • The Dow Jones Industrial Average ( DJIA ) is one of several stock market indicators created by Charles Dow.
    • Dow compiled the index as a way to gauge the performance of America's stock market.
    • Today, the average consists of 30 of the largest and most widely held public companies in the US.
    • The Dow Jones Industrial Average consists of the following 30 companies:
    • 3M Co. (MMM) (conglomerates)
    • ALCOA Inc. (AA) (aluminum)
    • Altria Group, Inc. (MO) (tobacco, foods)
    • American International Group, Inc. (AIG) (property & casualty insurance)
    • American Express Co. (AXP) (credit services)
    • AT&T Inc. (T) (telecom services)
    • Boeing Co., The (BA) (aerospace/defense)
    • Caterpillar, Inc. (CAT) (farm & construction equipment)
    • Citigroup, Inc. (C) (money center banks)
    • Coca-Cola Co. (KO) (beverages)
    • E.I. du Pont de Nemours & Co. (DD) (chemicals)
    • Exxon Mobil Corp. (XOM) (major integrated oil & gas)
    • General Electric Co. (GE) (conglomerates)
    • General Motors Corp. (GM) (auto manufacturers)
    • Hewlett-Packard Co. (HPQ) (diversified computer systems)
    • Home Depot, Inc. (HD) (home improvement stores)
    • Honeywell International, Inc. (HON) (conglomerates)
    • Intel Corp. (INTC) (semiconductors)
    • International Business Machines Corp. (IBM) (diversified computer systems)
    • JPMorgan Chase and Co. (JPM) (money center banks)
    • Johnson & Johnson Inc. (JNJ) ( drug manufacturers )
    • McDonald's Corp. (MCD) (restaurants)
    • Merck & Co., Inc. (MRK) ( drug manufacturers )
    • Microsoft Corp. (MSFT) (application software)
    • Pfizer, Inc. (PFE) ( drug manufacturers )
    • Procter & Gamble Co. (PG) (consumer goods)
    • United Technologies Corp. (UTX) (conglomerates)
    • Verizon Communications (VZ) (telecom services)
    • Wal-Mart Stores, Inc. (WMT) (discount, variety stores)
    • Walt Disney Co., The (DIS) (entertainment)
    • INFO FROM WIKIPEDIA.COM
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  • Black Tuesday Oct. 29, 1929
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  • New York Stock Exchange
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  • Ch. 14.3
    • Hoover Struggles with the Great Depression
  • Herbert Hoover
  • Hoover’s Campaign Promise
    • “A chicken in every pot and a car in every garage.”
  • Boulder(Hoover) Dam
    • Boulder Dam (renamed Hoover Dam after President Hoover), located 34 miles from Las Vegas, is one of the engineering marvels of the world.
    • Hoover Dam is 726 feet high and 660 feet thick at its base.
    • The Hoover Dam project including the dam, the All-American Canal, the town of Boulder City, highways, railroads and various other works, cost $165 million to build.
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  • Ch. 15 The New Deal Section 1
  • 1932 Election
    • Herbert Hoover(R)
    • Franklin D. Roosevelt(D)
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  • Relief, Reform and Recovery
    • Relief for the needy
    • Economic recovery
    • Financial reform
  • FDR’s Brain Trust
    • -Harry Hopkins - Social Worker and the architect of much of the New Deal.
    • -Henry Morgenthau
    • -Louis Lowe
    • -Cordell Hull
    • -Frances Perkins - Sec. of Labor and first female in the cabinet.
    • -Sam Rosenman
    • -Raymond Moley
    • -Rexford Tugwell
  • Fireside Chats
  • Fireside Chat Links
    • rtsp://streaming.museum.tv/realvideo/mbc/fdr.rm
    • Fireside Chats of Franklin D. Roosevelt
  • Deficit Spending and Priming the Pump
  • Court Packing Bill
    • http://www.hpol.org/fdr/chat/chat.ram
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    • A. What were some of the reasons the New Deal was challenged?
    • 1. Created a very powerful president that led Congress, this was a violation of checks and balances.
    • 2. It was a radical departure from Laissez Faire ideals. Created "big government" .
    • 3. Some acts appeared interfering and at worst unconstitutional.
    • 4. Heavy debt burden - the United States was engaged in deficit spending and this was unhealthy for the economy in the long run.
  • Father Charles Caughlin
  • Francis Townshend
  • Senator Huey Long
  • Share-Our-Wealth
    • http://www.authentichistory.com/audio/1930s/history/19341211_Huey_Long-Share_The_Wealth.mp3
    • Shot and killed by Carl Weiss in 1935
  • Ch. 15.2 The Second New Deal Takes Hold
  • New Deal vs 2 nd New Deal
    • Restore nation’s hope
    • Help banks and stock market
    • Provide jobs and relief for poor
    • Plan and regulate the economy
    • Pass new labor laws
    • Create and expand New Deal agencies
    • Establish Social Security for older people and unemployed
  • Eleanor Roosevelt
  • 1936 Election
    • FDR(D)-Incumbent
    • Al Landon(R)
  •