1. POWERPOINT 24
The Great Depression,

2. The Election of 1928 Herbert Hoover campaigns as self-made man
The Great Engineer
Alfred Smith loses, mostly because of his Catholicism and anti-Prohibition stance
Hoover wins landslide victory, in part due to prosperity of country
Stock Market rose 109 points in one year

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©2004 Wadsworth, a division of Thomson Learning, Inc. Thomson Learning™ is a trademark used herein under license.
Election of 1928

4. The Stock Market Crash of 1929
Crash of October 1929
Negative economic factors
Land prices collapsed
Corporations too dependent on stocks to raise cash
Crash had additional causes
Risky ventures for quick profits
“margin” trading
lack of government control
Black Thursday
More Americans had been investing, often with little knowledge
16 million shares changed hands
Gross national product went from 88 to 76 billion

5. The Great Depression Factors of the depression
Vastly unequal distribution of wealth
Poor agriculture
European loans
Congress made unsuccessful attempts to deal with crisis
Smoot-Hawley Tariff
Depression closes thousands of businesses and left millions unemployed

6. Hoover’s Programs to Fight the Depression
Hoover made wide use of presidential power
National Credit Corporation
President’s Organization of Unemployment Relief
Unemployed face discrimination
Farmers’ situation became desperate
Agricultural Marketing Act
Homelessness and dissatisfaction with government increased
Hoovervilles
Movies and music offer small amount of comfort

7. Mexican Population in the United States, 1930

8. A Darkening World Hoover came to White House with definite policy
Good Neighbor Policy
London Treaty of 1930
League of Nations unable to do anything when Japan invaded Manchuria
Hitler and Mussolini begin menacing in Europe
National Socialists

9. Japanese Invasion of Manchuria
©2004 Wadsworth, a division of Thomson Learning, Inc. Thomson Learning™ is a trademark used herein under license.
Japanese Invasion of Manchuria

10. A Political Opportunity for the Democrats
Democrats capitalized on economic depression
Franklin D. Roosevelt (FDR)
Polio left legs paralyzed
Married to TR’s niece Eleanor
FDR pledges “New Deal” for Americans
Revenue Act of 1932
Bonus Army damages Hoover’s re-election
Scottsboro boys
FDR defeats Hoover
Depression worsens during interim period

11. ©2004 Wadsworth, a division of Thomson Learning, Inc
©2004 Wadsworth, a division of Thomson Learning, Inc. Thomson Learning™ is a trademark used herein under license.
Election of 1932
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12. Discussion Questions What were the causes of the Great Depression?
What programs did Herbert Hoover implement to deal with the depression?
What was the role of economic hardship in the rise of authoritarian powers such as Germany and Japan?
What was FDR’s approach to dealing with the Great Depression? What did he do in his early administration to instill Americans with hope?