PPT-Hoover and the Great Depression

As the Great Depression escalated into a national crisis American citizens looked to President Herbert Hoover for a federal response Hoover was hailed by many as the Great Humanitarian and a wonder worker who could find a solution to their problems However Hoover was firmly entrenched in laissez faire ideology which would greatly limit his initial response to the Great Depression . in the United States. May 4, 2015. . - American History. Depression in cities. Lost jobs = evicted . Shantytowns. Hunger spread through cities. Soup Kitchens. Bread Lines. Shantytown. Shantytown. Shantytown. Breda Garrity. IB History of the Americas. #4. Growing Up Years. Born on August 10. th. , 1874.. Hoover was one of three children in his family.. When he was six his father died of heart problems and when he was nine his mother died of pneumonia. . 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. . 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. 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 . 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.. .. Warm-up . The Great Depression. 8.E.1.1 . Explain how conflict, cooperation, and competition influenced periods of economic growth and decline.. 8.H.2.1 . Explain the impact of economic, political, social, and military conflicts on the development of North Carolina and the United States.. 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. . 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 . 1929-1939. http://www.youtube.com/watch?v=gplaqa2yRgg. Stock market. Bull market 1920’s----Dow Jones 1924=180, 1929=381 1932=41. Buying on Margin…..5%. Banks and businesses financed brokers who facilitated risky buys. 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. Chapter 17 and 18. Causes of the Great Depression. Section 1. I Can Statements. Discuss the weaknesses in the economy of the 1920s.. Explain how the stock market crash contributed to the coming of the depression..