9_Depression PPT

9_Depression PPT - 9/1/2010 H. Hoover: cooperative...

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9/1/2010 1 “Freedom from want”: The Depression, FDR, & the New Deal H. Hoover: “cooperative individualism” Plowing more land, but plowing under farmers? Efficiency up Yields way up Prices falling Debt still climbing Ag-America in a depression since 1920s
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9/1/2010 2 How to preserve efficiency and aid farmers? American Farm Bureau Federation Farm bloc in Congress McNary-Haugen Plan, 1924 •Parity—raise prices to 1909-1914 levels President Hoover emanated a cheerful, efficient, benevolent image that matched the general good mood of the nation And why not? The economy was booming: Land sales in Florida fueled by the mobility of the “tin lizzy” and Wall Street’s Great Bull Market roaring Okeechobee’s 4-5’ banks could not hold back the 6-9’ surge . . . $100,000,000 damage 4,000 known dead
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9/1/2010 3 "The monstropolous beast had left his bed. The two hundred miles an hour wind had loosed his chains. He seized hold of his dikes and ran forward until he met the quarters; uprooted them like grass and rushed on after his supposed-to-be conquerors, rolling the dikes, rolling the houses, rolling the people in the houses along with other timbers. The sea was walking the earth with a heavy heel.” Their Eyes were Watching God Zora Neale Hurston 9/4/29:Wavers 9/5/29:Falls, recovers 10/23/29:Selling frenzy 10/29/29: Collapse Wall Street just after Crash Unemployment 3% Æ 25% World economy collapsed Prices plummeted—farmers slammed 1919 Wheat 1932 $2 / bushel 38¢ / bushel 1929 Cotton 1931 17¢/ lb. 5¢ / lb.
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9/1/2010 4 Bonus March D.C., 1932 Hundreds of veterans and workers took the Florida East Coast Railway to south Florida to build the Overseas Hwy connecting the Keys to the mainland In only this brief period, the 1935 storm developed from a small, weak “tropical disturbance” to a Category 5 monster East Coast Railway sent rescue train from Miami to Keys to get workers to safety . . . but missed the station at Islamorada . . . delay was fatal
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9/1/2010 5 The force of the 1935 storm surge shoved the rescue train 100 feet off the track Rd h i 9/5/1935 Record hurricane: Category 5 landfall 892 mb 250 mph winds The 1935 death toll, and risk of disease, was so great that bodies had to be cremated on site in huge fl funeral pyres, rather than returned to Arlington National Cemetery for burial “Hooverville” in Central Park: Depression Americans sometimes said that hard times “are Hoovering over us”
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9_Depression PPT - 9/1/2010 H. Hoover: cooperative...

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