PPT-Herbert Hoover and the Depression

Herbert Hoover Republican Hoover took office at a time of unparalleled economic prosperity and optimism BUT at the end of his presidency the US was at the bottom of the deepest economic depression in history . Discuss how Hoover’s initial conservative response to the depression failed.. Explain the changes in the President’s policies as the crisis continued.. Describe how Americans reacted to Hoover’s relief programs. . 1928-1932. Section 1. Causes of the Depression. Prosperity Hides Troubles. Optimism Sweeps Hoover to Victory. In the 1920’s the U.S. economy was booming. Herbert Hoover . – an accomplished public servant – to run for the White House. America Between the Wars. part . 2. The Great Depression. stock . market. the place where shares of companies are bought and sold. .. Stock = shares in a company. . inflation. . when prices go up and the general purchasing power of a dollar goes down. . Causes. Quick. facts. Presidents. The End. 100. 100. 100. 100. 200. 200. 200. 200. 300. 300. 300. 300. 400. 400. 400. 400. What is October 29, 1929 known as?. A. Black Tuesday. B. Black Thursday. C. Black Friday. The Politics of Boom and Bust. 1920-1932. Return of the “Old Guard” Republicans. Warren G. Harding elected in 1920. Characteristics. Easygoing and kind. Hated to say no and hurt feelings. Mediocre intelligence. Tens of thousands . of businesses failed . and unemployment rose to 25%. The American banking system collapsed . Hoover initially relied on rugged individualism but offered relief checks and job programs, . AP US History. Key Concept 7.1 . Governmental, political, and social organizations struggled to address the effects of large-scale industrialization, economic uncertainty, and related social changes such as urbanization and mass migration.. On October 29, 1929, stock prices fell drastically on Black Tuesday, resulting in a $10 to $15 billion loss in value. While this did not cause the Great Depression, it did undermine the economy’s ability to hold out against its other weaknesses.. Redefined Democracy:. Political Rights . . Economic. Security . . Social Justice. Essential Question. :. What were the causes of the Great Depression?. Warm-Up Question. :. Think about the changes that took place in America in the 1920s. In what ways were these changes good? Bad? . Chapter 17, Section 3. Cautious Response to Depression Fails. When Americans looked to Hoover to solve the crisis of the Great Depression, he did not immediately jump into action. . In the beginning, Hoover adopted a hands-off policy because he felt the economic cycle would correct itself. . Hoovers Response Fails. At first, Hoover felt that government should not interfere.- . Laissez Faire Economics. Thought of this as a downswing of the . business cycle. . Asked for volunteerism.. For business leaders not to cut prices and wages. Early Months of Hoover Administration . Elected in 1929. Hoover was a millionaire and claimed that “anyone not only can be rich, but . ought. to be rich”. Warned of the dangers of a large and activist federal government, but also criticized the self-serving greed of large corporations.. Early Months of Hoover Administration . Elected in 1929. Hoover was a millionaire and claimed that “anyone not only can be rich, but . ought. to be rich”. Warned of the dangers of a large and activist federal government, but also criticized the self-serving greed of large corporations.. Activity Worksheets for Artifacts from the Schoolhouse Herbert Hoover National Historic Site 110 Parkside Drive PO Box 607 West Branch Iowa 52358 Phone 319 643-2541 This page is intentionally blank H