PPT - Great Depression & New Deal

PPT - Great Depression & New Deal - The Hoover...

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1 The Hoover Presidency President Herbert Hoover – 1929 – 1933 •Hoover campaigned with the ideas that: Task: Break the term “rugged individualism” down. What does each word mean? Rugged: Individual(ism): Rugged Individualism according to Hoover: Task: What other president believed government should stay out of Big Business? Prosperity Ends •It was a “bull market” on Wall Street – •Investors would pay for part of the stock as a down payment •They hoped to pay the rest back with money they made on the stock they bought. Black Tuesday – October 29 th , 1929 - •Investors became weary of the market and sold their stocks •The dominoes fell as others pulled their money out of the market. •16 million shares were sold. •$30 billion was lost. •No one was buying stocks.
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2 The Great Depression Causes of the Depression Causes Of The Great Depression
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3 Great Depression “$100 WILL BUY THIS CAR. MUST HAVE CASH. LOST ALL ON THE STOCK MARKET.” Task: What does this photo tell you about the shift from the prosperity of the 1920s to the depression of the 1930s? The Devastating Depression - The Cities •They slept in: •Whole towns of these shacks sprung up – they took on the name •People were: •Digging through the trash •Begging on street corners for food
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4 Depression Indicators In The United States, 1928 - 1933 Unemployment 0 2 4 6 8 10 12 14 1928 1929 1930 1931 1932 1933 People In Millions Business Failures 0 5 10 15 20 25 30 35 Business Failures (in thousands) Bank Failures 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 Bank Failures (in Task: Write one sentence that explains what was happening in the United States using these three graphs. Hoover Handles the Depression •Hoover tried to ease the depression by putting people to work at various public works projects – •Reconstruction Finance Corporation – created to strengthen banks and businesses through government loans. •Hopefully this money would create jobs.
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5 The Cycle of Money Factories hire workers Able to buy goods Factories need workers to make goods Workers make money Good Business Cycle Good Business Cycle Factories fire workers Demand Decreases (leads to surplus) Factories cut back on production Workers can’t afford to buy goods Bad Business Cycle Bad Business Cycle Brother Can You Spare A Dime They used to tell me I was building a dream And so I followed the mob.
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This note was uploaded on 05/13/2010 for the course USH US History taught by Professor Mize during the Spring '10 term at West Point.

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PPT - Great Depression & New Deal - The Hoover...

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