1. The Great Depression
Chapter 12

2. Cause of the Depression Americans Face Hard Times
Chapter Lay-out
Cause of the Depression
Americans Face Hard Times
Hoover’s Response Fails

3. What was the Great Depression?
longest-lasting economic downturn in American history ( )
During this period consumer spending and investment dropped, unemployment rose, and companies went out of business.

4. 3rd Republican President of the 1920’s
31st president of the USA
3rd Republican President of the 1920’s
Believed Government should not interfere with Businesses
Believed government should not provide direct assistance to the poor
Herbert Hoover ( )

5. Economic Problems/Causes of Great Depression
Farmers were in debt
Uneven distribution of Wealth
Overproduction of good
Consumers accumulated Debt due to credit/ installment payments

6. Billions of dollars were lost
Stock Market Crash
On October 29, 1929 the stock market collapsed Known as “Black Tuesday”
Billions of dollars were lost
The stock market crashed marked the beginning of the Great Depression

7. Hooverville
Hoovervilles were makeshift shantytowns and tents built on public lands and vacant lots

8. Hooverville

11. The Dust Bowl, also known as the Dirty Thirties
was a period of severe dust storms and droughts that greatly damaged the environment and agriculture of the Mid- West region of the USA in the 1930s.

15. Many families Migrated West (Mainly California)
Okies
Dust Bowl refugees ( refugee- a person who has been forced to leave their country in order to escape war, persecution, or natural disaster).
Many families Migrated West (Mainly California)

16. Hoover’s Response Fails