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. 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. 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.. 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. 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.. 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.. 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.