Bellringer  What is a margin?  What is a margin call?  What is speculation?

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Presentation transcript:

Bellringer  What is a margin?  What is a margin call?  What is speculation?

Chapter 22 The Great Depression Begins Section 2 Life During the Depression

The Depression Worsens  *Don’t Write 1 st point* By 1933 thousands of banks had closed and millions of American workers were unemployed.  Unemployed workers often stood in bread lines to receive free food or at soup kitchens where private charities gave a free meal.

Bread Line in New York

Living in Makeshift Villages  Americans unable to pay their mortgage or rent faced a court- ordered eviction notice delivered by a court officer or bailiff who forced the tenants out on the street.

Hoovervilles  Many homeless built shacks in shantytowns, which were referred to as “Hoovervilles”.

Shantytown Shack

Homeless  Hobos, or homeless Americans who wandered around hitching rides on railroad cars, searched for work or a better life.

The Dust Bowl  Crop prices dropped in the 1920s, and farmers left the fields uncultivated.  A terrible drought in the Great Plains, beginning in 1932, caused the region to become a “Dust Bowl.”

The Dust Bowl  Many families moved west to California hoping to find a better life, but still faced poverty.

Escaping the Depression  Americans escaped by going to the movies and listening to the radio.  Stories tended to be about overcoming hardships.

Hollywood  Marlene Dietrich – German which portrayed a range of roles with subtlety.

Hollywood  Greta Garbo – Swedish, often portrayed a doomed beauty, direct and unhesitating in her speech and actions.

Hollywood  Walt Disney produced the 1 st feature-length animated film, Snow White and the Seven Dwarfs, in 1937.

Other Films of Note  The Wizard of Oz  Mr. Smith goes to Washington  Gone With the Wind  All contained stories of triumph over adversity and visions of a better life.

On the Air  Families gathered around the radio daily to hear news or listen to comedy shows like George Burns or the Lone Ranger.  Soap operas became popular with housewives.  *Don’t Write* Received their name because laundry soaps sponsored them.

The Depression in Art  Homeless and unemployed Americans were the subjects of art and literature.  Thomas Hart Benton & Grant Wood emphasized traditional American values in their art.

The Grapes of Wrath  John Steinbeck’s 1939 novel told the story of an Oklahoma family fleeing the Dust Bowl to find a new life in California.

William Faulkner  Literary technique, stream of consciousness, revealed characters’ thoughts and feelings before they spoke.  He exposed hidden attitudes of Southern whites and African Americans in a fictional Mississippi county.

End of Section 2 Next: Section 3 Hoover Responds