1 / 11

Great Depression

Great Depression. Pres. Hoover’s response. Pres. Hoover. Oct. 25 (day after Black Thursday)- Hoover stated that: Industry was “on a sound and prosperous basis”. Steps taken by Hoover *don’t write*.

maisie-church
Télécharger la présentation

Great Depression

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Great Depression Pres. Hoover’s response

  2. Pres. Hoover • Oct. 25 (day after Black Thursday)- Hoover stated that: Industry was “on a sound and prosperous basis”

  3. Steps taken by Hoover*don’t write* 1. Attempted to get factories to stay open & stop slashing wages (business leaders then abandoned this) 2. Increase public works (govt. financed building projects)- the effort made up for only a small fraction of the jobs lost in the private sector 3. Refused to increase govt. spending

  4. Steps continued… *don’t write* 4. Set up the NCC (National Credit Corporation)- created a pool of money to enable troubled banks to continue lending money in their communities (did not meet the nation’s needs) 5. Asked Congress to set up the RFC (Reconstruction Finance Corporation) make loans to banks, railroads, & agricultural institutions (was overly cautious & failed to increase its loans in sufficient amounts to meet the need)

  5. Steps continued… *don’t write* 6. Strongly opposed the federal govt.’s participation in relief (money that went directly to impoverished families). He believed that only state & city govt.’s should dole out relief. 7. Congress passed the Emergency Relief & Construction Act ($1.5 mil. for public works & $300 mil. for direct relief)—by the time Hoover reluctantly signed it, it was too late.

  6. Beliefs of Hoover • Believed that people should help themselves (vetoed a bill that would have given direct aid to the unemployed & given the govt. the ability to produce & sell electricity) • Offered to help banks & businesses in hopes that the effect would trickle down to relieve unemployment at the bottom

  7. Bonus Army • 1932- a group of WWI veterans marched on Washington to demand payment of the bonus Congress promised them in 1945 • Hoover sent out the army to drive the protesters away & that made him even more unpopular w/ Americans

  8. Statistics • 1930- 4 million workers unemployed • 1932- over 30,000 companies had closed • 1933- more than 12 mil. Unemployed • 1933- 9,000 banks had failed • 1933- wages for workers cut by over 60% • 1936- avg. family income dropped from $2,300 to $1,600 • Hooverville- houses created from cardboard, tin, etc. • Hoover stew- soup/stew received at soup kitchen

  9. Dust Bowl • Due to drop in crop prices, fields left uncultivated, & then a drought struck • Soil dried to dust & winds blew the dust for hundreds of miles • Many farming families packed up & migrated to California from Oklahoma (“Okies”)

  10. Hoboes • Many forced off farms heard about work hundreds of miles away (hopped trains illegally to get there) • Approx. 2 mil. men, 8,000 women • Used symbols to communicate w/ other hoboes

  11. Culture • Movies- 60-90 mil. went weekly to escape their problems • Radio- The Lone Ranger & Tonto, soap operas- The Guiding Light • Literature- Steinbeck’s The Grapes of Wrath, Faulkner’s The Sound and the Fury • Stars- Marlene Dietrich, Greta Garbo, Walt Disney • Movies- Snow White, The Wizard of Oz, Mr. Smith Goes to Washington, Gone with the Wind

More Related