PPT-Hoover’s Response to the Depression

What causes changes in the economy over time How do depressions affect societies Terms Series a number of events that come one after another Public works projects such as highways parks and libraries built with public funds for public use. A Modern Marvel. Project Overview. Why Build a Dam?. Before the Hoover Dam was built, the Colorado River was dangerous and unpredictable. . Towns . and Farms were often flooded during the late spring and early Summer due to runoff from snow melting in . Chapter . 23 . Review Video. The . Great Depression. . www.Apushreview.com. The Coming of the Great Depression. Bull Market:. Increase in stock prices: 1928 – September 1929: stocks increased by 40%. 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. 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. In . 1932. the United States was nearing the low point of the . Great Depression. By now Americans had become used to scenes of homeless, . jobless. people camped out in cardboard shacks in public areas. Consumer Economy. In the 1920s, average wages rose. The number of millionaires . increased by more than 400%. A . consumer economy. . developed . – being dependent on consumers to spend money and buy material goods. 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 . 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, . 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.. Standards. SSUSH17 The student will analyze the causes and consequences of the Great Depression. . a. Describe the causes, including overproduction, . underconsumption. , and stock market speculation that led to the stock market crash of 1929 and the Great Depression. . Objective 9.1 Elaborate on the cycle of boom and bust in the 1920s & 1930s. Election of 1928. Prohibition. Herbert Hoover. Republican. Pro-Prohibition. Alfred E. Smith. Democrat. Anti-Prohibition. 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