PPT-The Great Depression The Presidency of Herbert Hoover

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 selfserving greed of large corporations. 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. . 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%. In . the United States, the Great Depression began in the summer of 1929. .. . The . downturn became . markedly worse in late 1929 and continued until early 1933. .. . Real output and prices . fell. . 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. . America in Crisis. Economic Boom!. Values changing. Excessive, pleasure seeking. Entertainment and fun key. Credit on the rise. Consumerism having a hay day, for now. Business up, wages barley increasing. 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 . 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.. Introduction. Three Republican presidents- Warren G. Harding, Calvin Coolidge, and Herbert Hoover- steered the nation on the roller-coaster ride of the 1920s, a thrilling ascent from the depths of post-World War I recession to breathtaking heights of prosperity, followed by a terrifying crash into the Great Depression.. Objective 3.3: . Explore life during the Depression and the efforts made to restore prosperity in the USA and elsewhere. Warm-Up: The Great Depression. If someone says it better, let them say . it… CRASH . 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. American Industrial Hygiene Association (AIHA). . Students and Early Career Professionals Committee. Who are . i. ndustrial hygienists?. Industrial hygienists wear many different “hats” in their day-to-day jobs. 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.. New Deal Agencies Hoover V. Roosevelt Finish the questions on the back of the worksheet from last time! Response: Hoover v. Roosevelt Hoover opposed the idea of using the government to provide welfare. The Great Depression hits. Hoover elected President in 1928. “predicts the end of poverty”. Warning signs of Depression. Buying stock on . Speculation. Buying on Margin. Stock prices are inflated.