Chapter 11:
The Great Depression Begins
1929-1932
Do You Know??
What
causes a
Depression?
Section One:
The Causes of the Great
Depression
The Long Bull Market
Collapse
“We are
nearer…”
The Election of 1928
Coolidge declines
Reelection
The Candidates
– Democrat Alfred E. Smith
– Republican Herbert Hoover
The Damage is Done…
Results
Do you know???
Hoover took
444
electoral
votes in the
election of
1928. How
does the
electoral
college
work?
The Stock Market Soars
Bull Market
Americans Investing
in Stocks
Get Rich Scheme
Speculation
The Great Crash
Longevity of the
Bull Market
September
Falling FasT…
The Stock
Market
Crash
Monday, October 21
Black Thursday, October 24
Day of Doom, Black Tuesday
november’s sums
Banks Begin to Close
Crash weakened Banks
Loans cut dramatically
Recession
Banks at a loss
Bank Run
Making Ends Meet
Sometimes its just not
enough
The Roots of the Great
Depression
The Root of all
evil…
Low Interest Rates
Overproduction
Uneven Distribution
of Wealth
High Tariffs
Falling Demand
Stock Market
Speculation
Stock Market Crash
The Un
EVEN
Distribution of Income
Machinery
increases
production
Income
Decrease in
Sales
Unemployment
due to
Business
collapse
The Loss of Export Sales
Loss of Export means
NO JOBS!
everyone’s Facing a
recession…
Hawley-Smoot Tariff
Smoot and Hawley, the creators of the
much hated Hawley-Smoot Tariff.
Mistakes by the Federal
Reserve
Failure to Raise
Interest Rates
• Risky Loans
• Borrowed Money
a liTTle Too laTe…
Still relevent???
Many experts believe
that the U.S. Economy
is in worse shape than
before the Great
Depression. We’ve
discussed the causes
of the Great
depression , do they
seem similar to ours?
Consider
Unemployment rates,
Credit of Americans,
and the Housing
Market. Are we
headed towards a
depression?
SECTION REVIEW
What did the HawleySmoot Tariff?
What were some of
the causes of The
Great Depression?
When was Black
Tuesday and what
happened on that
day?
Section Two:
Life during the depression
The depression worsens
sTruggling To geT by…
going hungry…
Losing their homes
Bailiffs
Hobos
Black blizzards across America
1930’s DusT boWl
American-made
problem
A Storms coming!!
How to survive the black
blizzard
Run for cover when
you see them coming
anyThing you Don’T
want to lose keep
out of the storms
Afterwards, you
have to pick up and
do it over again
Reflections..
"I felt I was becoming a
slave to the land. But I
held on to the thought
that this land had to be
stopped from blowing.
Often I was so full of
dust that I drove blind,
unable to see even the
radiator cap on my
tractor or hear the roar
of the engines. But I kept
driving on and on, by
guess and instinct. I was
making my last stand in
the Dust Bowl."
Imagine you were present
when the dust bowl was
occurring, would you
have stayed on the
plains or took your
ticket to California,
remembering that your
entire life was on that
farm. Could you leave
it? What would you lose
or gain from the
decision?
Art and Entertainment
Movies and Radios
Superheroes to the
rescue…
rolling ouT The reD carpeT…
Shirley temple
& Jackie
coogan
King Kong
Walt Disney
The wizard of oz
Gone with the
wind
Radio gives info &
Entertainment
Comedians
The Green Hornet &
Lone Ranger
Soap Operas—The
Guiding light
The Cast of Guiding light
Literature and Art
John
Steinbeck
William
Faulkner
Photographe
rs for Life
Grant wood, American gothic (1930)
Grant Wood
Margaret Bourke-White
SECTION REVIEW
What caused the
Dust Bowl?
What were
Americans form of
entertainment?
What did Margaret
Bourke-White do?
A Hooverville that was full of homeless
families trying to get by.
Section Three:
Hoover Responds to the
Depression
Promoting Recovery
October 25th
60 days Promise
‘american inDiviDualism’
Keeping a FronT…
Public Works
Deficit Spending
iT’s Their loss!
What was he thinking??
Do you think it was
right that Hoover
was disliked for
not creating
enough public
works although he
DiDn’T FunD more
because it would
have the u.s. in
worse economic
situations?
Trying To Rescue The Banks
Money Supply
NCC
RFC
Direct Help For Citizens
NO relief for
you!!
Emergency
Relief and
Construction
Act
Hunger Marches & Protests by
Farmers
Oklahoma City-January 1931
Connections to American
Communist Party
December 1932- March on
Washington
Farm Fore closure Protests
Trying To maKe some money…
Were they right or just
crazy??
Do you think
what they
did in
Oklahoma
was
justifiable
to be done?
The Bonus Marchers
Promise Bonus
March in
Washington
“bonus army”
MacArthur to the
Rescue?
Bad Rep
Section Review
Who commanded the army
that tear-gassed and
burned down shacks of
the bonus marchers?
What are public works?
What did the NCC do?
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