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

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

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

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