dep

1. Start of the depression

2. Bell work 2/2
• What do you know about the Stock Market in
the United States?

3. p. 29 The Great Depression (1929-1941)

4. 1. Economic Cause
• Too many people buying stocks that they can’t
afford (with loans)
• Everyone tries to sell stocks at once
• Banks had used $ to invest- they lost cash and
had to close

5. 1. Economic Effect
• Vagrant (homeless) kids
• Thousands lose jobs/
homes/lifesavings
• Hoovervilles- homeless
camps

6. 2. Political Cause
• Pres. Hoover was a
conservative (laissez
faire=hands off) and didn’t like
a lot of gov control of business
• Believed in the American spirit
and will to “pull themselves up
by the bootstraps”
• High tariffs (tax on
imports)=trade war

7. 2. Political effects
(don’t copy) President Herbert Hoover declared, "Nobody is actually starving. The
hoboes are better fed than they have ever been.”
• felt that assistance should be handled on a local,
voluntary basis. (Churches and businesses offer help)
• Hoover dam- projects to stimulate economy

8. 3. Agricultural Cause
• Over production=low prices AND poor soil

9. 3. Ag. Effect
• Dust Bowl- loose dirt picked up/blown away
from The Dakotas to Texas
• Farmers leave the mid west (called Oakies)

10. 4. Social Causes
• Buying on credit (consumerism)
• False optimism (thinking everything is ok)

11. 4. Social effects
• Low divorce rate (too
expensive)= lots of abandoned
families, Low birthrate
• Poor health/nutrition
• High crime rate and alcoholism
• Escapism- radio, movies, sports

12. p. 28 A picture is worth 1000
words
• Divide the page into 4 squares
• For each:
• 1. what you see
• 2. what is says about the era