Causes of the Great Depression and Hoover’s Response
Essential Idea:
President after Coolidge
What he believed in
Effect #1
Effect #2
1. There were ____ main causes to the ________________________.
OOBE-
O-
B-
What is overspeculation?
How were banks and overspeculation related?
Why is it bad?
How did the stock market crash hurt banks?
How were so many people able to overspeculate?
Bank runs:
Why didn’t the banks have the money?
October 21, 1929:
-
On banks:
Effect of Bank Runs
On people:
Black Tuesday:
-
-
OWhat is overproduction?
ENew law by Congress:
Why were people not buying enough products?
What it did:
-
Hawley-Smoot Tariff
Intended Effect
Actual Effect
Businesses
People
The
Downward
Spiral
Hoover’s Response
Program:
Program:
Significance:
Purpose:
Why it failed:
Why it failed:
Why Hoover did not do more, and do it sooner:
-
The Result:
The Bonus Army
Government Law after World War I
The Bonus Army:
What happened in Washington, D.C.:
Affect on President Hoover’s Image:
Veterans During Great Depression