historynotes 3.4.2008

historynotes 3.4.2008 - The Great Depression I II III...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
The Great Depression I. Background II. Causes III. Impact a. Economic b. American Public IV. Response a. Hoover b. American Public V. Election of 1932 The New Deal I. Franklin Delano Roosevelt a. Personality b. Philosophy behind New Deal i. Interpretations ii. Roosevelt II. Development of New Deal a. “First New Deal” (1933) The Notes: The Great Depression o What was going on in the 20’s Economy was booming Production doubled New businesses emerging Republicans controlling government Smaller government
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
o The Economic Collapse was unparallel o Calvin Coolidge decides not to run for president in 1928 o Herbert Hoover gets the Republican nomination Perfect image of self-made man Orphan at 10, Millionaire at 40 During World War 1 he wanted to supply food to Europe Secretary of Commerce for Coolidge and Hardin Image of Commerce for America Promises to continue the economic boom Slogan “Chicken in every pot and car in every garage” Promised to continue Prohibition Runs a against a Democrat Urban guy Appeal prohibition Son of immigrants Hover easily wins o 6 months into his presidency the stock market crashed – October 29 th , 1929 Signals an economic catastrophe that doesn’t end until the 1940’s o Why did it happen Not a lot of agreement on the causes A few of them Stock market crashing was NOT the main cause of the Great Depression o Much of the stock market recovered before the depression set in
Background image of page 2
Why did the stock market crashed o Proseperity in the 1920’s was real. Corporate profits went up by 80%. Stock values went up 400%. Most Americans believed that that growth would continue. People think that it was an easy way to get rich. People took out loans/refinance houses to buy stocks. The value of stock was real up to the mid 1920’s after that it was not real. The
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/08/2009 for the course HIST 2057 taught by Professor Rand during the Spring '08 term at LSU.

Page1 / 7

historynotes 3.4.2008 - The Great Depression I II III...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online