Ch. 11 Part 1The Beginnings of the Great Depression<br />
The Election of 1928<br />The Republican Herbert Hoover vs. <br />    Democrat Alfred E. Smith.<br />Smith was the first R...
Herbert Hoover<br />
At this point life in the US is still GREAT!  The Roaring 20s is still going strong, and people are filled with hope.  <br />
Stock Market Increase<br />A Bull Market is when stock steadily rises.<br />Many people used this time of progress in the ...
Stock Market Crash<br />October 24th 1929 is known as Black Thursday.  This is when prices went down.<br />People started ...
Stock prices in Great Depression<br />
“Bank Run” at beginning of panic<br />
Great Crash<br />Great Crash<br />Great Crash<br />Great Crash<br />Great Crash<br />World Payments<br />World Payments<br...
The Great Depression Begins<br />The Great Depression took place from 1930 to 1939. <br />During this time the prices of s...
Charities Help<br />Private charities and millionaires would provide soup kitchens and bread lines.<br />The poor and home...
Shantytowns and Hoovervilles<br />Families that could not pay rent or mortgage were forced to live on the street.<br />Man...
Hobo Codes<br />
The Story of Us:  Great Depression<br />
The Dust Bowl<br />To make matters worse, the Midwest experienced the worst drought in history in 1932.<br />Without water...
The Migrant Mother<br />
The Story of Us:  Dust Bowl<br />
Surviving the Dust Bowl<br />
Entertainment<br />Many people found escape from the hard life in movies, books, and radio broadcasts.<br />Some examples ...
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Ch 11.1 & 11.2

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Ch 11.1 & 11.2

  1. 1. Ch. 11 Part 1The Beginnings of the Great Depression<br />
  2. 2. The Election of 1928<br />The Republican Herbert Hoover vs. <br /> Democrat Alfred E. Smith.<br />Smith was the first Roman Catholic nominated for the presidency.<br />If you favored prohibition you were called a “dry.”<br />If you wanted prohibition repealed you were called “wet.”<br />Hoover was elected by a large margin of 444 to 87 electoral votes.<br />Hoover promised such things as “a chicken in every pot and two cars in every garage.”<br />"We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us."<br />
  3. 3. Herbert Hoover<br />
  4. 4. At this point life in the US is still GREAT! The Roaring 20s is still going strong, and people are filled with hope. <br />
  5. 5. Stock Market Increase<br />A Bull Market is when stock steadily rises.<br />Many people used this time of progress in the 1920s to invest in the stock market.<br />If the price of the stock fell, the broker could issue a Margin Call. This forced you to pay up on your loans.<br />People began to sell their stock and make lots of money since the market was doing so well.<br />
  6. 6. Stock Market Crash<br />October 24th 1929 is known as Black Thursday. This is when prices went down.<br />People started getting nervous and began selling their stock.<br />Then they have the weekend to think…and worry…and talk…and worry…and worry…and worry<br />October 29th 1929 is known as Black Tuesday. Prices dropped $10-$15 billion.<br />This drop in prices weakened the nations banks. People then could not borrow money.<br />Many people began to withdraw money from banks which forced the banks to close.<br />
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  9. 9. Stock prices in Great Depression<br />
  10. 10. “Bank Run” at beginning of panic<br />
  11. 11. Great Crash<br />Great Crash<br />Great Crash<br />Great Crash<br />Great Crash<br />World Payments<br />World Payments<br />World Payments<br />Investors<br />Investors<br />Investors<br />Investors<br />Investors<br />Businesses and Workers<br />Businesses and Workers<br />Businesses and Workers<br />Businesses and Workers<br />Overall U.S. production plummets.<br />Overall U.S. production plummets.<br />Overall U.S. production plummets.<br />Investors lose millions.<br />Investors lose millions.<br />Investors lose millions.<br />Investors lose millions.<br />Investors lose millions.<br />Banks<br />Banks<br />Banks<br />Businesses and workers cannot repay bank loans.<br />Businesses and workers cannot repay bank loans.<br />Businesses and workers cannot repay bank loans.<br />Consumer spending drops.<br />Consumer spending drops.<br />U.S. investors have little or no money to invest.<br />Consumer spending drops.<br />U.S. investors have little or no money to invest.<br />U.S. investors have little or no money to invest.<br />Consumer spending drops.<br />Allies cannot pay debts to United States.<br />Allies cannot pay debts to United States.<br />Allies cannot pay debts to United States.<br />Businesses lose profits.<br />Businesses lose profits.<br />Businesses lose profits.<br />Businesses lose profits.<br />Businesses lose profits.<br />Businesses cut investment and production Some fail.<br />Businesses cut investment and production. Some fail.<br />Businesses cut investment and production Some fail.<br />Savings accounts are wiped out.<br />Savings accounts are wiped out.<br />Savings accounts are wiped out.<br />Businesses cut investment and production Some fail.<br />Banks run out of money and fail.<br />Banks run out of money and fail.<br />Banks run out of money and fail.<br />Workers are laid off.<br />Workers are laid off.<br />Workers are laid off.<br />Workers are laid off.<br />Europeans cannot afford American goods.<br />Europeans cannot afford American goods.<br />Europeans cannot afford American goods.<br />U.S. investments in Germany decline.<br />U.S. investments in Germany decline.<br />Bank runs occur.<br />Bank runs occur.<br />Effects of the Great Crash, 1929 <br />U.S. investments in Germany decline.<br />Bank runs occur.<br />German war payments to Allies fall off.<br />German war payments to Allies fall off.<br />German war payments to Allies fall off.<br />
  12. 12. The Great Depression Begins<br />The Great Depression took place from 1930 to 1939. <br />During this time the prices of stock fell 40%. <br />BY 1933:<br />9,000 banks went out of business and 9 million savings accounts were wiped out.<br /> 86,00 businesses failed, and wages were decreased by an average of 60%. <br />The unemployment rate went from 9% all the way to 25%, about 15 million jobless people.<br />
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  14. 14. Charities Help<br />Private charities and millionaires would provide soup kitchens and bread lines.<br />The poor and homeless would line up to receive a free meal.<br />
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  23. 23. Shantytowns and Hoovervilles<br />Families that could not pay rent or mortgage were forced to live on the street.<br />Many people built homes of cardboard, scrap metal, and lumber pieces.<br />Shantytowns and Hoovervilles were nicknames of “neighborhoods for homeless.”<br />Many people who did not want to live in a cardboard home began to wonder from city to city jumping boxcars for rides. These people were known as hobos.<br />
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  27. 27. Hobo Codes<br />
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  33. 33. The Story of Us: Great Depression<br />
  34. 34. The Dust Bowl<br />To make matters worse, the Midwest experienced the worst drought in history in 1932.<br />Without water for crops, many farmers could not pay their rent, and thus became hobos.<br />The sun dried earth from Texas to the Dakotas was nicknamed the Dust Bowl.<br />Many people from Oklahoma moved west to California to work picking fruit in the fertile San Joaquin Valley. These people were known as Okies.<br />
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  47. 47. The Migrant Mother<br />
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  50. 50. The Story of Us: Dust Bowl<br />
  51. 51. Surviving the Dust Bowl<br />
  52. 52. Entertainment<br />Many people found escape from the hard life in movies, books, and radio broadcasts.<br />Some examples of depression era entertainment:<br />MoviesBooksRadio Shows<br />Animal Crackers The Grapes of Wrath Lone Ranger <br /> Snow White & 7 Dwarfs The Sound and the Fury The Guiding Light<br /> The Wizard of Oz Look Homeward Angel Green Hornet <br /> Gone With The Wind George Burns<br /> King Kong <br />

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