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The Great Depression: Causes and Effects
1.
TheGreatDepression Causes and
Effects
2.
Causes 1. False
Prosperity 2. Speculation 3. Stock Market Crash 4. Banking Crisis 5. Unemployment 6. Trade Collapse 7. Republican Policy
3.
4.
Overproduction in textiles,
farming, autos
5.
60% population earned
less than the $2000 poverty minimum
6.
7.
Only 1.5m of
120m population were investors
8.
Charles Mitchell of
National City Bank: "I know of nothing fundamentally wrong with the stock market." (Oct. 21, 1929)Speculation
9.
10.
Oct. 23 -
J.P. Morgan buys to stop price decline
11.
Oct. 24 -
panic selling began - 12.8m shares
12.
13.
14.
Rose to 25-35%
of total labor force
15.
80% in Toledo
16.
Farm income declined
60%
17.
18.
Weimar Republic unable
to pay reparations or U.S. banks loans
19.
20.
Laissez-Faire
21.
Balanced budget
22.
Trickle down
23.
Voluntarism
24.
25.
Breakdown of families
26.
Soaring high school
dropout rates (2 to 4 million)
27.
Homelessness
28.
Organized protests
29.
Around the country,
the homeless built settlements of cardboard and tar-paper shacks, called "Hoovervilles" in reference to President Hoover
30.
31.
Effects
32.
Unemployment grew to
record proportions. 1 in 4 people were unable to find work.
33.
People waited in
all day lines at the unemployment office.
34.
Lines would wrap
around the buildings and hardly move at all.
35.
If you were
lucky enough to get in, you would be interviewed to determine your need.
36.
With word of
banks failing, people stormed the banks, demanding their savings.
37.
Unable to withdraw
their money from the banks, and not getting enough unemployment to live off of, people had no choice but to sell their farms.
38.
There were huge
evacuation auctions where people sold all of their possessions.
39.
Many people packed
up everything they had left and lived out of their cars.
40.
41.
This car was
the home for a family of nine.
42.
43.
44.
They traveled from
place to place willing to do any type of work. All they worried about was how they were going to get their next meal.
45.
Many performed intense
manual labor on farms. Picking cotton was one of the hardest jobs.
46.
Dust storms continually
popped up due to severe droughts. This one was in eastern Colorado.
47.
The sand would
pelt your face and sting your skin. It would often block out the sun and make noontime seem like midnight.
48.
Those who couldn’t
sell their farms simply abandoned them. These were in Oklahoma.
49.
50.
51.
52.
53.
54.
Farmers hurriedly built
fences to keep the sand away from their farm houses and to protect their livestock.
55.
Sand drifts would
pile up along the roads and fences. This was taken in Texas.
56.
This used to
be a road. Again, in Texas.
57.
Shanty towns, or
“Hoovervilles” began popping up along major highways.
58.
People made make-shift
shelters out of whatever material they could find.
59.
60.
61.
The government set
land aside where people could establish tent cities, small communities of homeless people living under tents.
62.
In these tent
cities, people were unable to bath, there was poor sanitation, and everything was dirty.
63.
64.
Proud men were
forced to humble themselves and stand in line at soup kitchens.
65.
66.
On special occasions,
some families may have gotten some food. This is Christmas dinner in a “Hooverville”.
67.
Then there were
the children
68.
69.
70.
71.
72.
73.
74.
75.
76.
77.
78.
Analyzing the Images
79.
80.
81.
82.
83.
Hoover vs. FDR
84.
85.
Orphaned at an
early age
86.
Very bright
87.
Worked his way
through Stanford University
88.
89.
Conducted relief efforts
in Europe during and after WWI
90.
Earned a stellar
reputation for efficiency and diplomacy
91.
Very popular politician
92.
93.
Privileged Child: Family
name was well known
94.
Married Eleanor Roosevelt
- TR's Niece
95.
96.
Ran for Vice-President
in 1920 with James Cox
97.
Struck down by
polio in 1921
98.
Paralyzed from the
waist down
99.
Dropped out of
public life for 7 years
100.
Left him with
a strong empathy for suffering
101.
Got into politics
in 1928 - elected governor of NY
102.
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