1. The Great Depression Begins: 1929-1932
Section 1: Causes of the Depression
The Election of 1928
The Candidates: Hoover vs. Smith
Campaign Issues
prohibition
religion
Hoover won 444 electoral votes
The Long Bull Market
stock market
bull market
margin
margin call
speculation

2. The Great Crash
Black Thursday Oct. 24
Black Tuesday, Oct. 29
Banks in a Tailspin
The Roots of the Great Depression
The Uneven Distribution of Income
2/3 of families earned less than $2500 per year
installment plans
The Loss of Export Sales
Hawley-Smoot Tariff (raised duties to highest in US history)
Mistakes by the Federal Reserve – kept interest rates low, encouraged banks to make risky loans, overproduction
Section 2: Life During the Depression
The Depression Worsens
Lining Up at Soup Kitchens and Bread lines
Living in Makeshift Villages – shantytowns, Hoovervilles
hobos

3. The Dust Bowl
Escaping the Depression
The Hollywood Fantasy Factory
Animal Crackers, Gone with the Wind, The Wizard of Oz, Snow White and the Seven Dwarfs, Mr. Smith Goes to Washington
On the Air
The Green Hornet, Lone Ranger, Lil’ Orphan Annie
soap operas – The Guiding Light
The Depression in Art
American Gothic
John Steinbeck – The Grapes of Wrath
William Faulkner – The Sound and the Fury
Section 3: Hoover Responds
Promoting Recovery
Voluntary Efforts and Public Works
Midterm Election – congressional elections – republicans lost 49 seats and majority in House, held senate by one vote

4. Pumping Money Into the Economy
Trying to Rescue the Banks
Reconstruction Finance Corporation
Direct Help for Citizens
relief –money that went straight to impoverished families
In an Angry Mood
Hunger Marches – January 1931 Oklahoma City, looted a store
Farmers Revolt
foreclosure
The Bonus Marchers- veterans from WWI