NAME:_____________ HOUR:___________ – Chapter 12 – THE GREAT DEPRESSION 1928-1941 DUST BOWL OKIES Hoovervilles Chapter 12 – THE GREAT DEPRESSION Key People, Places & Terms 1 Speculation 2 Black Tuesday 3 Great Depression 4 Hawley-Smoot Tariff 5 Hoovervillies 6 Bread lines 7 Dust Bowl 8 Tenant Farmers 9 (RFC) Reconstruction Finance Corporation 10 Bonus Army 11 Douglas MacArthur 12 Hoover Dam 13 Okies 14 Localism 15 Trickle Down Economics Oct. 29th, 1929 When the stock prices fell sharply starting the great crash. Period lasting from 1929 to 1941 in which the U.S. economy faltered and unemployment soared Agriculture workers who work on land owned by someone else. World War 1 Veterans who marched to demand payment of money promised by congress. General who dispersed protestors in the capital by ordering federal troops to fire on them with tear gas Dam on the Colorado River that was build during the Great Depression. Chapter 12.1 – CAUSE OF THE DEPRESSION Identify the causes of the Great Depression. DEPRESSION CAUSES Use the flow chart to note what happened in the wake of the stock market crash. Stock Market Crashes ▼ ▼ Commercial Banks Fail ▼ ▼ Banking system collapses ▼ ▼ Businesses fail ▼ ▼ Unemployment rises ▼ ▼ Public unable to buy goods ▼ ▼ More businesses fail ▼ ▼ Unemployment grows FOCUS QUESTIONS: How did the prosperity of the 1920s give way to the Great Depression? Explain Hoovers volunteerism plan What caused the stock market to crash? Explain the Hawley Smoot Tariff ▼ ▼ ▼ ▼ ▼ ▼ ▼ Unsustainable practices in finance, agriculture, consumption, and industry, which fueled economic expansion during the 1920s, contributed to the collapse that brought on the Great Depression. 12.1 Objectives Chapter 12.2 – AMERICANS FACE HARD TIMES *Venn diagram to note how the depression affected both urban and rural America. IN CITIES • BOTH ON FARMS • • • • • • • • • • • • FOCUS QUESTIONS: Answer each question completely. How did the Great Depression affect the lives of urban and rural Americans? The depression caused economic turmoil in both areas. In urban areas, production cutbacks in factories caused many people to lose their jobs and their homes. Homeless communities called Hoovervilles sprang up in many American cities. In rural areas, many farmers were already experiencing economic troubles. The depression caused crop prices to plummet and many farmers to lose their farms and homes. 12.2 Objectives Examine the spread of unemployment in America’s cities. Discuss the impact of the Depression on rural America. List the states affected by the Dust Bowl Chapter 12.3 – HOOVER’S RESPONSE FAILS *fill in the outline with details about President Hoover’s response to the depression. I. Cautious Response to Depression Fails A. Hoover Turns to Volunteerism 1. 2. 3. B. Volunteerism Fails to Bring Relief 1. 2. II. Hoover Adopts More Activist Policies A. Hoover Uses Federal Resources 1. 2. B. Trickle-down Economics Plan 1. 2. 3. 4. C. Activist Policies Fail 1. 2. 3. FOCUS QUESTIONS: Why did Herbert Hoover’s policies fail to solve the country’s economic crisis? Reluctant to impose legislation, he relied first on volunteerism and then on trickle-down policies, both of which were inadequate to meet the crisis. 12.3 Objectives Describe President Hoover and his handling of the Great Depression. Describe how Americans reacted to Hoover’s relief programs.