Presentation on theme: "Chapter 15 THE GREAT DEPRESSION"— Presentation transcript:
1 Chapter 15 THE GREAT DEPRESSION The American Nation In the Modern Era4/5/2017Chapter 15 THE GREAT DEPRESSIONSection 1: Prosperity ShatteredSection 2: Hard TimesSection 3: Hoover’s PoliciesCHAPTER 15--THE GREAT DEPRESSION
2 Objectives: Section 1: Prosperity Shattered Why did financial experts issue warnings about business practices during the 1920s?Why did the stock market crash in 1929?How did the banking crisis and subsequent business failures signal the beginning of the Great Depression?What were the main causes of the Great Depression?
3 Warnings about business practices Section 1: Prosperity ShatteredWarnings about business practicesfarm crisis“sick” industriesconsumers’ reliance on creditstock speculation
4 Reasons for the stock market crash of 1929 Section 1: Prosperity ShatteredReasons for the stock market crash of 1929Economic factors such as rising interest rates began to worry investors.Investors sold stocks.Stock prices dropped sharply, fueling panic.Heavy selling continued.
5 Events signaling the Great Depression Section 1: Prosperity ShatteredEvents signaling the Great DepressionBanks failed due to heavy defaults, margin calls, and heavy withdrawals.Bank failures deprived businesses of necessary resources and customers.Businesses closed and workers lost their jobs.
6 Causes of the Great Depression Section 1: Prosperity ShatteredCauses of the Great DepressionThe global economic crisis decreased exports.Unequal distribution of income reduced the total purchasing power available in the economy.Consumer debt undermined individuals and increased economic chaos.
7 Objectives: Section 2: Hard Times How did unemployment during the Great Depression affect the lives of American workers?What hardships did urban and rural residents face during the depression?How did the Great Depression affect family life and the attitudes of Americans?How did popular culture offer an escape from the Great Depression?
8 Unemployment during the Great Depression Section 2: Hard TimesUnemployment during the Great Depressionrose sharplycreated severe financial problemscreated severe emotional problems
9 Hardships during the depression Section 2: Hard TimesHardships during the depressionpovertydiminished expectationslow prices or lack of market for farm productsfarm foreclosureshungerhomelessnessdeportation for aliens
10 Great Depression’s effects on family life and attitudes of Americans Section 2: Hard TimesGreat Depression’s effects on family life and attitudes of Americansfractured some families, forced others to band together for survivaldivorce rates upbirth rates downmany psychological problems
11 Popular culture during the depression Section 2: Hard TimesPopular culture during the depressionmoviesradiocomic books and popular novels
12 Objectives: Section 3: Hoover’s Policies Why did President Hoover oppose government-sponsored direct relief for individuals during the Great Depression?How did the Hoover administration attempt to solve the depression’s economic problems, and how successful were these efforts?How did radicals and veterans respond to Hoover’s policies?Why was Franklin D. Roosevelt such a popular candidate in the 1932 election?
13 Hoover’s opposition to government relief during the Great Depression Section 3: Hoover’s PoliciesHoover’s opposition to government relief during the Great DepressionPresident Hoover believed that individuals and businesses should be self-reliant and that government help would create a bureaucracy.
14 Hoover’s attempts to solve economic problems Section 3: Hoover’s PoliciesHoover’s attempts to solve economic problemsPublic-works programs such as building Boulder Dam failed to relieve entrenched depression.The Federal Farm Board, which made loans, established cooperatives, and bought surplus goods, avoided some foreclosures, but failed to end the farm crisis.The Reconstruction Finance Corporation, which loaned taxpayer money to stabilize industries, helped some companies avoid bankruptcy, but used money for businesses, not people.
15 Radical response to Hoover’s policies Section 3: Hoover’s PoliciesRadical response to Hoover’s policiesstaged protestsbecame involved legallyVeterans’ responsegathered in Washington D.C. to demand payment of their pension bonuses
16 Reasons for Roosevelt’s popularity Section 3: Hoover’s PoliciesReasons for Roosevelt’s popularityRoosevelt’s optimism and enthusiasm contrasted with Hoover’s gloom.As governor of New York, Roosevelt had designed new relief programs.