Chapter 15 the great depression
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Chapter 15 THE GREAT DEPRESSION. Section 1: Prosperity Shattered Section 2: Hard Times Section 3: Hoover’s Policies. Section 1: Prosperity Shattered. Objectives:. Why did financial experts issue warnings about business practices during the 1920s? Why did the stock market crash in 1929?

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Chapter 15 THE GREAT DEPRESSION

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Chapter 15 the great depression

Chapter 15 THE GREAT DEPRESSION

Section 1: Prosperity Shattered

Section 2: Hard Times

Section 3: Hoover’s Policies


Objectives

Section 1: Prosperity Shattered

Objectives:

  • Why did financial experts issue warnings about business practices during the 1920s?

  • Why did the stock market crash in 1929?

  • How did the banking crisis and subsequent business failures signal the beginning of the Great Depression?

  • What were the main causes of the Great Depression?


Warnings about business practices

Section 1: Prosperity Shattered

Warnings about business practices

  • farm crisis

  • “sick” industries

  • consumers’ reliance on credit

  • stock speculation


Reasons for the stock market crash of 1929

Section 1: Prosperity Shattered

Reasons for the stock market crash of 1929

  • Economic factors such as rising interest rates began to worry investors.

  • Investors sold stocks.

  • Stock prices dropped sharply, fueling panic.

  • Heavy selling continued.


Events signaling the great depression

Section 1: Prosperity Shattered

Events signaling the Great Depression

  • Banks failed due to heavy defaults, margin calls, and heavy withdrawals.

  • Bank failures deprived businesses of necessary resources and customers.

  • Businesses closed and workers lost their jobs.


Causes of the great depression

Section 1: Prosperity Shattered

Causes of the Great Depression

  • The global economic crisis decreased exports.

  • Unequal distribution of income reduced the total purchasing power available in the economy.

  • Consumer debt undermined individuals and increased economic chaos.


Objectives1

Section 2: Hard Times

Objectives:

  • How did unemployment during the Great Depression affect the lives of American workers?

  • What hardships did urban and rural residents face during the depression?

  • How did the Great Depression affect family life and the attitudes of Americans?

  • How did popular culture offer an escape from the Great Depression?


Unemployment during the great depression

Section 2: Hard Times

Unemployment during the Great Depression

  • rose sharply

  • created severe financial problems

  • created severe emotional problems


Hardships during the depression

Section 2: Hard Times

Hardships during the depression

  • poverty

  • diminished expectations

  • low prices or lack of market for farm products

  • farm foreclosures

  • hunger

  • homelessness

  • deportation for aliens


Great depression s effects on family life and attitudes of americans

Section 2: Hard Times

Great Depression’s effects on family life and attitudes of Americans

  • fractured some families, forced others to band together for survival

  • divorce rates up

  • birth rates down

  • many psychological problems


Popular culture during the depression

Section 2: Hard Times

Popular culture during the depression

  • movies

  • radio

  • comic books and popular novels


Objectives2

Section 3: Hoover’s Policies

Objectives:

  • Why did President Hoover oppose government-sponsored direct relief for individuals during the Great Depression?

  • How did the Hoover administration attempt to solve the depression’s economic problems, and how successful were these efforts?

  • How did radicals and veterans respond to Hoover’s policies?

  • Why was Franklin D. Roosevelt such a popular candidate in the 1932 election?


Hoover s opposition to government relief during the great depression

Section 3: Hoover’s Policies

Hoover’s opposition to government relief during the Great Depression

President Hoover believed that individuals and businesses should be self-reliant and that government help would create a bureaucracy.


Hoover s attempts to solve economic problems

Section 3: Hoover’s Policies

Hoover’s attempts to solve economic problems

  • Public-works programs such as building Boulder Dam failed to relieve entrenched depression.

  • The Federal Farm Board, which made loans, established cooperatives, and bought surplus goods, avoided some foreclosures, but failed to end the farm crisis.

  • The Reconstruction Finance Corporation, which loaned taxpayer money to stabilize industries, helped some companies avoid bankruptcy, but used money for businesses, not people.


Radical response to hoover s policies

Section 3: Hoover’s Policies

Radical response to Hoover’s policies

  • staged protests

  • became involved legally

    Veterans’ response

  • gathered in Washington D.C. to demand payment of their pension bonuses


Reasons for roosevelt s popularity

Section 3: Hoover’s Policies

Reasons for Roosevelt’s popularity

  • Roosevelt’s optimism and enthusiasm contrasted with Hoover’s gloom.

  • As governor of New York, Roosevelt had designed new relief programs.


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