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Herbert Hoover and the Great Depression
Transcript of Herbert Hoover and the Great Depression
THE GREAT DEPRESSION STOCK MARKET CRASH
OVERPRODUCTION OF GOODS AND SERVICES WHAT CAUSED THE
GREAT DEPRESSION? the value of all goods and services in a country.
USA's fell 30% by end of 1930
Unemployment GROSS NATIONAL PRODUCT (GNP) Background Info WHAT DOES HOOVER DO? MILLIONS OF AMERICANS OUT OF WORK
LEFT WITH LITTLE TO NO MONEY
COULD NOT SUPPORT THEIR OWN FAMILIES
CRIME RATE WENT UP - PEOPLE STOLE TO SURVIVE IMPACT "I HAVE NO FEARS FOR THE
FUTURES OF OUR COUNTRY.
IT IS BRIGHT WITH HOPE." -- PRESIDENT HERBERT HOOVER
March 1929 Great Crash - October 1929
banks lose money and start to close
unpaid loans, large debts, and mass
withdrawals typical business cycle He blames other World problems for start of the Depression; Europe not paying back U.S. loans from WWI.
wants companies to keep their workers and wages the same.
Reconstruction Finance Corporation (RFC) - loans money to businesses and banks to keep them going.
Hawley-Smoot Tariff - helped protect American industry from overseas competition. BLAMING PRESIDENT HOOVER "HOOVERVILLES" - homeless people's cardboard boxes or tiny shacks
"HOOVER BLANKETS" - newspapers people used as blankets
"HOOVER FLAGS" - pockets turned inside out which represented no money
"HOOVER WAGONS" - old wagons pulled by horses; people couldn't afford gas for a car. Hoovervilles Hoover Flags CONCLUSION Depression started in 1929 and didn't end until USA entered WWII in the early 1940's
caused by: market crash, bank closures, and overproduction.
citizens blame Prez. Herbert Hoover.
people left without jobs and little money. WORKS CITED 1.)"Herbert Hoover." u-s-history. Online Highways LLC, n.d. Web. 18 Sep 2012. <http://www.u-s-history.com/pages/h1580.html>
2.)"Hoovervilles of the Great Depression." Legends of America. Legends of America, 2012. Web. 18 Sep 2012. <http://www.legendsofamerica.com/20th-hoovervilles.html>
3.)"Great Depression." KidsKonnect. JIKOmetrix.net, 2012. Web. 18 Sep 2012. <http://www.kidskonnect.com/subject-index/16-history/267-great-depression.html>