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The Great Depression

The Great Depression. Causes of the Depression. Problems Plague the Agricultural Sector High debts and low revenue = problems for farmers. Wealth was Distributed Unevenly Easy Credit Hides Problems. Buying on Credit. Polaroid trying to sell cameras on installment plans.

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The Great Depression

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  1. The Great Depression

  2. Causes of the Depression • Problems Plague the Agricultural Sector • High debts and low revenue = problems for farmers. • Wealth was Distributed Unevenly • Easy Credit Hides Problems

  3. Buying on Credit Polaroid trying to sell cameras on installment plans

  4. The Stock Market Crashes • Too much money was being poured into stock speculation. • “Black Thursday” occurred on Oct. 24, 1929. Many stocks lost ½ their value in one day. • On Tues. Oct. 29 the bottom fell out in what is known as “Black Tuesday.” • The market lost $14 billion in value that day, bringing the loss for the week to $30 billion, ten times more than the annual budget of the federal government, far more than the U.S. had spent in all of World War I.

  5. Black Tuesday

  6. Hoover’s Policies • Hoover at first did not get involved in the depression. He sought for companies and individuals to make wise decisions. • Responding to a Worldwide Depression • Hawley-Smoot Tariff: Rasied taxes on imports to 49%.

  7. Hoover’s Policies • Domestic Programs: Too Little, Too Late. • Federal Farm Board • Reconstruction Finance Corporation (RFC) • Emergency loans to prop up faltering companies in the railroad, banking, and financial industries. • Despair and Protest • Bonus March, PR problem for Hoover

  8. Bonus March

  9. Life During the Great Depression • Women • Faced hostility in the work place and hardships at home. • People waited in long lines for unemployment help • Also waited in bread and soup lines for hours

  10. Thousands wanting the same job

  11. Waiting in line for a free meal

  12. Men sleeping in public housing

  13. Dustbowl Farmers • Severe drought in the 1930s • Over farming of the land • Severe dust storms • Almost million people leave area • “Okies”, migration to farms • John Steinbeck, The Grapes of Wrath

  14. Dust Bowl

  15. The Storms • In 1934 to 1936, three record drought years were marked for the nation. In 1936, a more severe storm spread out of the plains and across most of the nation. The drought years were accompanied with record breaking heavy rains, blizzards, tornadoes and floods.

  16. Car in Texas

  17. Videos http://www.youtube.com/watch?v=MYOmjQO_UMw http://www.youtube.com/watch?v=x2CiDaUYr90

  18. HOOVERVILLES

  19. The Election of 1932 • Republican: Hoover was nominated again. • Democratic: NY Governor Franklin D. Roosevelt, New Deal, repeal of prohibition, aid for the unemployed, and cuts in government spending. • Results: Roosevelt wins handily. 60% of the vote, carries all but four states. • Hoover as a “lame duck.”

  20. The New Deal • FDR, The Man: Cousin of Teddy, NY legislator, U.S. assistant secretary of the navy. • Disability: polio in 1921 • Eleanor Roosevelt, active First Lady, and influenced FDR • Philosophy • The Three R’s: Relief, Recovery, Reform

  21. Life During the Great Depression • African Americans • Hard times increased racial tensions. • Job relief, WPA & CCC • Fair Employment Practices Committee • Native Americans • Repeal of Dawes Act • Mexican Americans • discrimination

  22. Hoovervilles were homes/areas where poor people lived during The Great Depression

  23. Children living in Hooverville

  24. Making baskets was one way to make money during The Great Depression.

  25. Washing Clothes during The Great Depression

  26. Cooking Dinner

  27. Christmas Dinner during The Great Depression

  28. A man and his mule

  29. Family walking 30 miles to visit other family members

  30. Homeless family walking down a road during The Great Depression

  31. Sharecropper wife & children during The Great Depression

  32. Loss of farms during The Great Depression

  33. Auctioning off a farm during The Great Depression

  34. An Alabama School during The Great Depression

  35. Making baskets was one way to make money during The Great Depression.

  36. Washing Clothes during The Great Depression

  37. Cooking Dinner

  38. Christmas Dinner during The Great Depression

  39. A man and his mule

  40. Family walking 30 miles to visit other family members

  41. Homeless family walking down a road during The Great Depression

  42. Sharecropper wife & children during The Great Depression

  43. Loss of farms during The Great Depression

  44. Auctioning off a farm during The Great Depression

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