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9.1.1 introductin to hoover.key
- 1. The Start of the Great Depression Was Hoover responsible?
- 3. Herbert Hoover was nicknamed “the great engineer” because he made his fortune as a mining engineer.
- 4. FARMERS FARMERS FARMERS CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE Before modern technology, farmers usually made enough food for the people in the city. For example, farmers produced 9 carrots and there are nine people in the city.
- 5. FARMERS FARMERS FARMERS CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE Each person in the city gets 1 carrot. This keeps the price of carrots high because there is just enough for everyone. Carrots = $2.00 Farmers are happy.
- 6. FARMERS FARMERS FARMERS CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE With new technology… …farmers can make more carrots What will happen to the price?
- 7. FARMERS FARMERS FARMERS CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE The price of food went down because there was too much production and farmers started losing money. Price of carrots = $0.10
- 8. President Hoover believed that a Federal Farm Board provided a great solution to the farming problem.
- 9. Cotton Farmers Cotton Farmers Cotton FarmersCotton Farmers Cotton Farmers Cotton Farmers CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n If each cotton farmer makes five cotton units each, there will be too much cotton for the city and the price will go down.
- 10. Cotton Farmers Cotton Farmers Cotton FarmersCotton Farmers Cotton Farmers Cotton Farmers CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE CITY PEOPLE cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n cotto n Farm Board Let’s work together and form a cooperative
- 11. Cotton Farmers Cotton Farmers Cotton FarmersCotton Farmers Cotton Farmers Cotton Farmers cotto n cotto n cotto n cotto n cotto n Farm Board Let’s work together and form a cooperative The people on the farm board encouraged less production to increase the price on items like xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx
- 12. Cooperatives are when people work together (cooperate) in a business because working together benefits all the workers.
- 13. Cotton Farmers Cotton Farmers Cotton FarmersCotton Farmers Cotton Farmers Cotton Farmers cotto n cotto n cotto n cotto n cotto n Farm Board Let’s work together and form a cooperative Hoover believed that all cooperatives should be voluntary. xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx cotto n cotto n cotto n cotto n cotto n xxx
- 14. Hoover’s beliefs came from over 10 years of working in government under many different presidents.
- 15. I only want government involvement if nothing else is working. The government needs to stay out of people’s lives.
- 16. Hoover only wants the government to get involved if the cooperatives failed at organizing food production.
- 17. GERMANS The French Let’s tax the Germans every time they send us a Volvo. If the French want to send us their crepes, we will tax them on those, too! Many countries use tariffs to charge taxes to anyone who tried to sell things in their country from another country. THE BORDER
- 18. High tariffs from one country tend to make other countries also want to raise their tariff levels.
- 19. Wheat Prices Country #1 Sells wheat for $0.50 Country #2 Sells wheat for $0.60 American wheat Sells for Which wheat would you buy?
- 20. FARMERS We want higher tariffs to protect our food prices. Farmers didn’t want food from other countries to undercut American prices.
- 21. Commission Commission Commission Commission Commission Commission Commission Commission Commission Commission Commission Commission Hoover also embraced the idea of ‘commissions.’ These are groups of experts in a field of study who come together to give advice to the Commission Commission Commission
- 22. Commission Commission Commission Commission Commission Commission Commission Commission Commission Commission Commission Commission Hoover learned from his commissions that while it might be good to raise the tariff for farmers, many other businesses would benefit from a lower Commission Commission Commission
- 23. Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress Congress President I hope they listen to reason… Raise the Raise the Raise the Raise the Raise theRaise the Raise the Raise the Raise the Raise the Hoover’s difficulty controlling congress.
- 24. Hoover failed at persuading congress and they passed the Hawley- Smoot tariff raising taxes on foreign goods to their highest level ever.
- 25. GERMAN BANKS French Signal to the world to raise prices…
- 26. Other countries saw the high US tariff as a signal that they should also raise tariffs in their own country.
- 27. Steel Factory Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers Steel Workers decrease in wage decrease in wage decrease in wage Usually companies decrease wages during a time of depression because they are not making as much profit.
- 28. Hoover was able to bring together a commission of business leaders who agreed to keep wages the same to try to stop a greater depression.
- 29. Despite all of these attempts, Hoover was labeled by the democrats as a do-nothing president who did not do enough to end the depression.