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THE GREAT DEPRESSION OF THE 1930

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THE GREAT DEPRESSION OF THE 1930 S Brother can you spare a dime? Causes of Great Depression Overproduction-the 1920 s manufactured and sold many products ... – PowerPoint PPT presentation

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Title: THE GREAT DEPRESSION OF THE 1930


1
THE GREAT DEPRESSION OF THE 1930S
  • Brother can you
  • spare a dime?

2
Causes of Great Depression
  • Overproduction-the 1920s manufactured and sold
    many products but consumers lacked the money to
    buy these items and this caused overproducing

3
Causes of the Great Depression
  • Speculation-people buying stocks for low prices
    in hopes that they would sell for a high price
    later. No guarantee

4
Causes of the Great Depression
  • Buying on the Margin-buying 10 of a loan and
    promised to pay it off later. Similar to an
    installment plan

5
Farms Decline
  • After WWI Europe no longer needed food from
    American farmers. Farmers had overproduction of
    crops they could not sell. In addition
    overproduction ruined the soil causing the Dust
    Bowl

6
Causes of the Great Depression
  • High tariffs- American protective tariffs helped
    American business but farmers could not sell
    abroad and Europe also began implementing their
    own tariffs

What is the benefit of a Protective tariff?
7
STOCK MARKET CRASH OF 1929
  • Black Thursday,
  • October 24, 1929
  • Stockbrokers pulled out sold all stocks
  • Black Tuesday,
  • October 29, 1929
  • Members lost everything! No one wanted to buy
    stocks and millions lost

8
STRUCTURE OF AMERICAN SOCIETY DISINTEGRATES
  • People lost all their money. Loans were unpaid so
    people lost their homes/cars
  • Banks became failures due to unpaid loans
  • Demand for goods decreased/people lost their
    jobs/factories closed
  • No safety nets like unemployment or insurance

9
Human Impact
  • The Great Depression was
  • a national nightmare.
  • People felt worthless and
  • Pretended to go to work
  • Businesses failed, farmers
  • lost farms, banks failed, millions of people out
    of work
  • Private charities were overwhelmed. People were
    homeless and hungry
  • Millions depended on soup kitchens for food

10
1932 AMERICAN DREAMS ARE SHATTERED
  • Writers like John Steinbeck and Dorothea Lange
    recorded the misery of the depression

11
DUST BOWL (DUST STORMS) OF THE SOUTHERN PLAINS
1934-1935
12
How many states were partially in the region most
affected by the Dust Bowl?
13
Route 66
14
Black Sunday April 14, 1935
  • 24 hours of a blinding dust storm
  • Dreaded black-blizzard covers entire disaster
    area
  • 18 storms hit in one year

15
The Dust Bowl
  • In the 1930s farmers faced a natural disaster
  • A series of droughts dried up the land from over
    production of wheat crops in the Midwest
  • Lasting for a year the heavy winds carried
    topsoil across hundreds of miles, burying homes,
    cars and destroying harvests

16
(No Transcript)
17
The Dust Bowl
  • Unable to pay bills farmers abandoned their farms
    and headed onto route 66 to California
  • Oakies-farmers from Oklahoma who moved to migrant
    worker camps in California to pick fruit

18
THE VICTIMS OF THE DUST BOWL
  • Colorado
  • Kansas
  • Oklahoma
  • New Mexico
  • Texas
  • Devastation of their cropland
  • Respiratory health issues
  • Unsanitary living
  • Rampant crime
  • Debt-ridden families

19
(No Transcript)
20
Mexican Repatriation
  • Immigration acts of 1920s did not impose quotas
    on immigrants from Mexico as a result many
    Mexicans flourished the U.S.
  • Many settled in barrios in California, Texas and
    the SW
  • Mexicans were barred from attending white schools

21
Mexican Repatriation Act
  • As the Great Depression carried on, many whites
    were looking for jobs carried out by Mexicans
  • Hostilities grew
  • The Mexican Repatriation Act sent Mexicans back
    to Mexico
  • More than half a million were separated from
    their families

22
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23
Herbert Hoover- 31st President
  • Hoovers philosophy.This too shall pass.
  • Laissez Faire/No safety net/Social Darwinism
  • Rugged Individualism
  • Hoover felt that private charities should provide
    emergency relief

24
Soup Kitchens
25
Emergency Relief
26
Hoover Responds
  • Hoover cut taxes and established the
    Reconstruction Finance Corp. to give loans to
    banks and businesses believing that the money
    would trickle down
  • Hoovers policies were seen too little too late

27
Lack of Trust
  • Many felt frustrated with Hoovers lack of
    leadership
  • By 1932 13 million people were unemployed
  • Hoover roast
  • Hoover flag
  • Hoovervilles/Hoover blankets

28
Hoovervilles
29
Hoover Blankets
30
Hoover Roasts and Hoover Flags
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