1. America goes from Roaring to Depressing
Chapter 25 The Great
Depression

2. Hoover on Poverty
“We in America
today, are nearer
to the final
triumph over
poverty than ever
before in the
history of any
land.”

3. Buying on Credit
 What is credit?
 Borrowing money and promising to pay
later

4. Buying on Margin
 Investing in the stock market with
borrowed money
 Why is it a good thing that people invest
their money?
 How could it be a bad thing that people
invest in the stock market?

6. Black Tuesday
 October 29, 1929
 Massive stock market panic,
everyone starts selling their
stocks
 Too many people wanted to sell
and not enough buyers… prices of
stocks fell!

7. Newspaper Headlines Worksheet
 Looking over the headlines from the
newspapers
 What is the impression you get as
you read the headlines?
 Is America doomed, is there hope,
what do you think?

8. Daily Speak 1-11-11
When people lose their
jobs today what can they
do to survive? (give me
2 ways)

9. Causes of the Depression
 OVER PRODUCTION!!!!!
 STOCK MARKET
 TOO MUCH CREDIT
 Causes a snowball effect

10. Effects on Americans
 People and businesses hurt big
time
 Entire savings accounts disappear
 Banks closed their doors
 Huge unemployment
 Soup lines
 Hoovervilles

21. Hoover to the Rescue!
 Hoover knew people needed help
 He did not believe that it was the job of the
gov’t to provide direct relief to Americans
 Loaned 1.2 Billion to businesses and
financial institutions
 Make an argument for an against
loaning to the businesses and not the
people.

22. Re-Elect Hoover?
 America said, “No thank you!”
 Many blamed Hoover for making
things worse
 Democrat Roosevelt becomes
popular, wins 1932 election.
 “I pledge you, I pledge myself, to a new
deal for the American people.”