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USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
USH History Chapter Nine
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USH History Chapter Nine

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Transcript

  • 1. The Great Depression. 1929-1941.
  • 2. Causes Of The Great Depression.
    • Herbert Hoover elected president in 1928.
    • He is the third Republican president in a row.
  • 3. Long Bull Market And A HUGE Bubble.
    • Stock mania and buying on “Margin” caused the price of stocks sky high.
    • What determines the price of a stock?
    • Supply and Demand. Period!
    • A sell off and Margin call caused the market to collapse.
    • The “emperor has no clothes!”
  • 4. CRASH! Oct. 29th-”Black Thursday.”
    • Speculation v. investing.
    • $30 billion lost. Equal to all the TOTAL wages Americans had earned in 1929.
  • 5. Investing Isn’t Saving
  • 6.  
  • 7. Causes of The Great Depression.
    • Overproduction.
    • Low wages.
    • High Tariffs.
    • Farmers going broke.
    • Uneven distribution of income.
    • Mistakes by Federal Reserve.
    • Stock Market bubble.
  • 8.  
  • 9.  
  • 10. Bank Failures.
    • Why were banks hit so hard by the Stock Market Crash?
    • They had invested their money in the stock market.
    • They had loaned money to investors for the stock market.
  • 11.  
  • 12. No F.D.I.C.
    • Bank runs were common.
  • 13. Depression Worsens.
    • 25 percent unemployment.
    • G.D.P. cut by 50 percent!
  • 14. Makeshift Villages.
    • Many families lost their homes.
    • They lived in shacks or tents on the edge of town.
    • These little communities were called “Shantytowns” or “Hoovervilles.”
    • Thousands of “Hobo’s” stole rides on the trains looking for work.
  • 15.  
  • 16. Environmental Disaster.
    • Dust Bowl adds to depression woes.
    • Bad farming techniques and drought cause much of the Midwestern and Great Plains states soil to blow away in the wind.
    • Huge ecological disaster cause thousands to move. Many came west to CA.
  • 17.  
  • 18. Escaping the Depression.
    • Hollywood Fantasy Factory.
    • Radio.
    • Monopoly Game played for hours.
    • Sports.
  • 19. Hoover Finally Responds.
    • Hoover felt, at first, that the market would correct itself in a short time.
    • “ Prosperity is just around the corner.”
    • Things only got worse.
    • Hoover did start some public works projects to create jobs.
    • This didn’t help much.
  • 20. Pumping Money Into The Economy.
    • Reconstruction Finance Corp. was created to help banks loan out more money.
    • Emergency Relief and Construction Act-1932.
    • Too little and too late. The economy had crashed hard.
  • 21. Mood of America BAD!
    • Hunger Marches.
    • Farmers revolt.
    • Bonus Marchers-Army.
    • Hoover called out the army on the Bonus marchers.
    • Most Americans thought this was pretty ruthless and unfair!
  • 22.  

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