Presentation on theme: "22 The Great Depression Begins The Nation’s Sick Economy"— Presentation transcript:
1 22 The Great Depression Begins 1 2 3 The Nation’s Sick Economy CHAPTER22The Great Depression BeginsOverviewTime Lines1The Nation’s Sick EconomySECTION2Hardship and Suffering During the DepressionSECTION3SECTIONHoover Struggles with the DepressionChapter AssessmentTransparencies
2 Senator Robert M. La Follette, Jr., 1931 CHAPTER22The Great Depression BeginsHOME“The illusory prosperity and feverish optimism which marked preceding years have given way to fearful economic insecurity and to widespread despair.”Senator Robert M. La Follette, Jr., 1931THEMES IN CHAPTER 22Economic OpportunityImmigration and MigrationThe American Dream
3 Senator Robert M. La Follette, Jr., 1931 CHAPTER22The Great Depression BeginsHOME“The illusory prosperity and feverish optimism which marked preceding years have given way to fearful economic insecurity and to widespread despair.”Senator Robert M. La Follette, Jr., 1931What do you know?• What do you already know about the Great Depression?Have you ever discussed the Depression with a relative who lived through it? If so, what did he or she say?Read the quote above and answer the following:• What does La Follette suggest about the prosperity and optimism of the years preceding the Depression?
4 22 Time Line The United States October 1929 The stock market crashes. CHAPTER22Time LineHOMEThe United StatesOctober 1929 The stock market crashes.June 1930 The Hawley-Smoot Tariff Act becomes law.July 1930 Congress creates the Veterans Administration.1931 Hoover proposes a one-year delay in repayment of war debts and reparations Between 4 million and 5 million Americans are unemployed.1932 The Reconstruction Finance Corporation is established.1933 More than 13 million Americans are unemployed Average annual income drops to $1,500 per family.
5 CHAPTER22Time LineHOMEThe World1930 Army officers led by José Uriburu seize control of the government in Argentina.1931 Austria suffers economic collapse.September 1931 Japan occupies Manchuria.1932 Ibn Saud becomes king of Saudi Arabia.September 1932 From prison, Mohandas K Gandhi leads a protest against British policies in India.1933 Adolf Hitler comes to power Japan withdraws from the League of Nations.
6 The Nation’s Sick Economy SECTION1The Nation’s Sick EconomyHOMELearn Abouteconomic problems affecting industries, farmers, and consumers at home and abroad.To Understandthe causes of the Great Depression.
7 The Nation’s Sick Economy SECTION1The Nation’s Sick EconomyHOMEKey IdeaEconomic problems affecting industries, farmers, and consumers lead to the Great Depression.
8 The Nation’s Sick Economy SECTION1The Nation’s Sick EconomyHOMESection1AssessmentSUMMARIZINGWhat were some of the causes and effects of the 1929 stock market crash?speculationloss of confidencebuying on marginfalling stock priceshigh unemploymentStock Market Crashloss of savingsworldwide depressionbankrupt businessesbank failures
9 The Nation’s Sick Economy SECTION1The Nation’s Sick EconomyHOMESection1AssessmentHow did the economic trends of the 1920s help cause the Great Depression?ANALYZING CAUSESwhat happened in industrywhat happened in agriculturewhat happened with consumersTHINK ABOUT
10 The Nation’s Sick Economy SECTION1The Nation’s Sick EconomyHOMESection1AssessmentJudging from the events of the late 1920s and early 1930s, how important do you think public confidence is to the health of the economy?DRAWING CONCLUSIONSwhat happened when overconfidence in the stock market led people to speculate and buy on marginwhat happened when lack of confidence caused people to sell stocks and close out bank accountsTHINK ABOUT
11 2 Hardship and Suffering During the Depression Learn About SECTION2Hardship and Suffering During the DepressionHOMELearn Aboutliving conditions during the Great Depression.To Understandhow people coped with hard times.
12 2 Hardship and Suffering During the Depression Key Idea SECTION2Hardship and Suffering During the DepressionHOMEKey IdeaThe Great Depression brings suffering of many kinds and degrees to people from all walks of life.
13 2 2 Hardship and Suffering During the Depression Section Assessment HOMESection2AssessmentSUMMARIZINGWhat groups of people were affected by the Great Depression? How were they affected?GROUPEFFECTS OF DEPRESSIONurban poorlived in shantytowns, ate in soup kitchens or bread linesAfrican Americansexperienced increased discriminationLatino Americansexperienced increased discriminationfarmerslost land and headed westunemployed menwandered country looking for work
14 2 2 Hardship and Suffering During the Depression Section Assessment HOMESection2AssessmentCompare what happened to city dwellers and to farmers during the Great Depression. How was it similar and different?COMPARING AND CONTRASTINGwhat happened to their livelihoodswhat happened to their homeswhat help was available to themTHINK ABOUT
15 2 2 Hardship and Suffering During the Depression Section Assessment HOMESection2AssessmentHow did the Dust Bowl affect the entire country?RECOGNZING EFFECTSthe effect on farmers on the plainsthe effect on California and other states where the Okies resettledthe effect on the EastTHINK ABOUT
16 Hoover Struggles with the Depression SECTION3Hoover Struggles with the DepressionHOMELearn AboutPresident Hoover’s response to the Great Depression.To Understandwhy the Hoover administration lost public support.
17 Hoover Struggles with the Depression SECTION3Hoover Struggles with the DepressionHOMEKey IdeaPresident Hoover tries to restore confidence and halt the Depression, but his actions are ineffective.
18 Hoover Struggles with the Depression SECTION3Hoover Struggles with the DepressionHOMESection3AssessmentSUMMARIZINGWhat did President Hoover say and do in response to the Depression?“Any lack of confidence in the economic future is foolish.”“rugged individualism”public-works programsHOOVER’S RESPONSESBoulder Damsending of troops against Bonus ArmyReconstruction Finance CorporationFederal Home Loan Bank ActFederal Farm Board
19 Hoover Struggles with the Depression SECTION3Hoover Struggles with the DepressionHOMESection33AssessmentHow did Hoover’s belief in “rugged individualism” shape his policies during the Depression?ANALYZING ISSUESwhat that belief implies about government actionHoover’s policieswhether those policies were consistent with his beliefsTHINK ABOUT
20 Hoover Struggles with the Depression SECTION3Hoover Struggles with the DepressionHOMESection3AssessmentWhen Franklin Delano Roosevelt heard about the attack on the Bonus Army, why was he so certain that Hoover was going to lose?CLARIFYINGthe American public’s impression of HooverHoover’s actions to fight the Depressionhow people judged Hoover after the attackTHINK ABOUT
21 22ChapterAssessmentHOME1. How did what happened to farmers during the 1920s foreshadow events of the Great Depression?2. Why was uneven distribution of income bad for the economy?3. What were some of the effects of the stock market crash in October 1929?4. What effect did the Hawley-Smoot Tariff Act have on the economy and why?5. How were shantytowns, soup kitchens, and bread lines a response to the Depression?
22 22ChapterAssessmentHOME6. Why did minorities often experience an increase in discrimination during the Great Depression?7. What pressures did the American family experience during the Depression?8. Why did Secretary of the Treasury Andrew Mellon believe that the government should do nothing about the Depression?9. How did Hoover’s treatment of the Bonus Army affect his standing with the public?10. In what ways did Hoover try to use the government to relieve the Depression?