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The Great Depression

The Great Depression

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The Great Depression

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Presentation Transcript

  1. The Great Depression Herbert Hoover’s Volunteerism

  2. October Crash, 1929

  3. Wall Street Decline

  4. Symptoms of the Depression

  5. Bank Failures

  6. Farm Foreclosures

  7. CAUSES OF THE DEPRESSION • I. Fundamental Flaw in Economy of 1920s • A. Overproduction/Underconsumption • 1. Want in the Midst of Plenty • II. Other Basic Causes • A. Overextension of Credit on Wall Street • 1. Buying on Margin • B. Lack of government oversight

  8. Hoovervilles

  9. Breadlines and Soup Kitchens

  10. On the Road: Looking for Work

  11. Hoover’s Volunteerism • Hoover did not believe that the government should lead the way to end the economic depression, instead wanting to rely on private measures to solve it. • He spoke out against the New Deal, the economic policy that served as the basis of Franklin D. Roosevelt's successful bid for the 1932 presidential election.

  12. The Bonus Army

  13. Congress Says No To the WWI Vets

  14. Pres. Hoover Runs Vets Out of Town

  15. The Vets Loose Thanks to MacArthur

  16. Hoover Loses to FDR in 1932

  17. 1932 Election

  18. Election Stats: 1932 • FDR [Democrat] 472 57.4% • Hoover [Republican] 59 39.7%