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The Great Depression Unit 8, Lesson 4

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Page 1: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

The Great Depression

Unit 8, Lesson 4

Page 2: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Essential Idea

• Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient response led to the election of Franklin Roosevelt.

Page 3: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

The Great Depression

• Previous “panics”

• The business cycle

• The Great Depression

Page 4: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Early Indicators

• Wealth gap• Poor farm economy

– Agricultural Marketing Act (1929)

• Global economic problems

• Growing consumer debt

Page 5: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Causes of the Great Depression

• O.B.O.E.– Overspeculation– Bank failures– Overproduction– Economic policies (of the government)

Page 6: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Overspeculation

• “Playing the market”

• Buying on margin

• Margin call

Page 7: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Overspeculation

• Black Thursday• Black Tuesday (October 29th, 1929)• Investor reactions

Page 8: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 9: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Bank Failures

• Banks and the stock market

• Banks collapse

• Bank runs

• Life savings

Page 10: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Overproduction

• Overproduction

• Installment plans

• Unemployment

• Downward spiral

Page 11: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Economic Policies

• Hawley-Smoot Tariff (1930)

• Intended effects

• Actual effects

• The Great Depression Begins

Page 12: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Hoover’s Foreign Policy Response

• World wide depression

• Hawley-Smoot Tariff (1930)

• Debt moratorium (1931)

Page 13: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Hoover’s Domestic Response

• “Rugged individualism”

• Idealism vs. Reality• Federal Farm Board• Reconstruction

Finance Corporation (RFC)

• Direct Relief• Results • Great Depression Set

s In

Page 14: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Protest• Farm Holiday

Association• Bonus Army• Douglas MacArthur • Public response• Bonus Army

Page 15: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 16: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Urban Life During the Great Depression

• Hobos • Breadlines• Hoovervilles,

etc. • Hoover-probl

ems

Page 17: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 18: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Rural Life During the Great Depression

• Farming techniques

• Drought

• Dust Bowl– Okies – The Dust Bowl

Page 19: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 20: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 21: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 22: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 23: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient
Page 24: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Life During the Great Depression

• Women

• Blacks

• Mexican Americans

• Minorities in the Depression

Page 25: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

Election of 1932

• Herbert Hoover (Republicans)

• Hoover Loses Support• Franklin D. Roosevelt

(Democrats)• Results• Hoover as a “lame duck”• 20th Amendment (1933)

Page 26: The Great Depression Unit 8, Lesson 4. Essential Idea Economic conditions of the 1920s helped start the Great Depression, and Herbert Hoover’s insufficient

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