The Great depression

Views:
 
Category: Education
     
 

Presentation Description

cause and effects of the 1929 depression

Comments

By: 0270713 (117 month(s) ago)

cause and effects of the 1929 depression

Presentation Transcript

THE GREAT DEPRESSION : 

THE GREAT DEPRESSION

The Election of 1928 : 

10/1/2009 The Election of 1928

MARCH 4, 1929 … HOOVER INAUGRATED : 

MARCH 4, 1929 … HOOVER INAUGRATED MOST POPULAR PRESIDENT IN HISTORY 8 MONTHS LATER … HOOVERVILLES & HOOVER BLANKETS. 1

Slide 5: 

" Can you spare a dime ? "

PROSPERITY NOT SHARED : 

10/1/2009 PROSPERITY NOT SHARED AGRICULTURE, COAL , AND TEXTILES DEPRESSED 2 Downtown Medford

Slide 7: 

10/1/2009 WAR DEBTS

WALL STREET : 

WALL STREET 1 SHARE of RCA WENT FROM $85.00 TO $420.00 PER SHARE IN 1 YR. PAID NO DIVIDENDS RADIO UP 530% 3

SPECULATORS MARKET : 

10/1/2009 SPECULATORS MARKET BUYING ON MARGIN CALL $$$ … STANDARD OIL ( $69 MILLION A DAY) 4

Slide 12: 

The Crash

OCT.24 , 1929 … BLACK THURSDAY : 

10/1/2009 OCT.24 , 1929 … BLACK THURSDAY PANIC SELLING HOUSE OF MORGAN PROPS UP MARKET 5

WHY ? WHICH WAY THE ECONOMY ??? : 

WHY ? WHICH WAY THE ECONOMY ??? CONSUMER SPENDING FELL RAPIDLY BUSINESS INVENTORIES UP 100% IN 1 YEAR BANK FAILURES … 5700 CLOSE RESULTS IN A BLEAK ECONOMIC FORECAST … NO INVESTMENT NAT`L INCOME DROPS FROM $88 BILLION IN 1929 TO $40 BILLION IN 1933 GNP DROPS FROM $104 BILLION TO $56 BILLION IN 1933 1933 --- 25% OF POP. WITHOUT JOBS

FARM PROBLEMS : 

10/1/2009 FARM PROBLEMS DUST BOWL OAKIES OVERPRODUCTION AND INFLATION 7

Slide 16: 

FARM PROBLEMS

Slide 17: 

10/1/2009 DUSTBOWL

Slide 18: 

MOTHER NATURE

Slide 19: 

10/1/2009 Man and Nature

Okies and Arkies moved west : 

10/1/2009 Okies and Arkies moved west

The Dust Bowl : 

10/1/2009 The Dust Bowl

What happened to farmers? : 

10/1/2009 What happened to farmers? The Dust Bowl

CAUSES OF THE DEPRESSION : 

10/1/2009 CAUSES OF THE DEPRESSION 1) PRODUCTIVITY INCREASED 2) WAGES DID NOT 3) DECLINE IN INVESTMENT 4) POOR DISTRIBUTION OF INCOME 5) BANK FAILURES 6) HOLDING CO. --- PYRAMID STYLE 7) ECONOMIC THOUGHT LACKING

Slide 24: 

10/1/2009 TARIFF STOP

DIFFERENCES FROM PAST DEPRESSIONS : 

10/1/2009 DIFFERENCES FROM PAST DEPRESSIONS THE MOST SEVERE 1) NO MORE FRONTIER WITH OPPORTUNITIES 2) TOTAL INDUSTRIAL ECONOMY 3) WORLDWIDE SHANTY TOWN

Hoovervilles : 

10/1/2009 Hoovervilles

Labor and the Depression : 

Labor and the Depression

Slide 28: 

" I`ll Work for Food "

Curing the Depression? : 

Curing the Depression?

President Herbert Hoover : 

President Herbert Hoover Rugged Individualism

What did Hoover do to end the Depression? : 

10/1/2009 What did Hoover do to end the Depression? Little action to help people - Rugged individualism helped business - RFC

Failed Hoover policies : 

Failed Hoover policies Agricultural Marketing Act Gov. buys farm surplus Farmers refuse to limit production Soaks up gov. revenue

Slide 33: 

Prosperity is just around the corner

Hawley-Smoot Tariff : 

Hawley-Smoot Tariff Raise tariffs on imported goods Fails as overseas trade decreases

Reconstruction Finance Corporation : 

Reconstruction Finance Corporation Gov. lends $ to banks to avoid collapse Again, soaks up gov. revenue Too little, too late as banks continued to close

Slide 36: 

THE TRIKLE DOWN THEORY

BACKLASH : 

BACKLASH THE BONUS ARMY World War I vets demand bonuses Marched in D.C. to receive early payment Congress refuses

Driving Out Protestors : 

Driving Out Protestors Many vets remain, living in open areas army moves in Military burns their dwellings 3 protestors were killed

Slide 40: 

"We the people..."

Change had to Come !!! : 

Change had to Come !!!

“PROSPERITY IS JUST AROUND THE CORNER” : 

“PROSPERITY IS JUST AROUND THE CORNER”

authorStream Live Help