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Welcome to Hooverville. USHC 6.3. 1928 Presidential Election. 1928. 1932. 1936. 1940. Herbert Hoover (R-IA) Thirty-first President of the U.S. 1929-1933. www.whitehouse.gov/about/presidents/warrenharding. ECONOMIC PROBLEMS in the late 1920s. CHEAP CREDIT.

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herbert hoover r ia thirty first president of the u s 1929 1933
Herbert Hoover(R-IA)Thirty-first President of the U.S.1929-1933

www.whitehouse.gov/about/presidents/warrenharding

economic problems in the late 1920s
ECONOMIC PROBLEMSin the late 1920s

CHEAP CREDIT

The Federal Reserve is a government-created central bank that determines interest rates.

economic problems in the late 1920s1
ECONOMIC PROBLEMSin the late 1920s

SPECULATION

CHEAP CREDIT

BUYING “ON MARGIN”

hoovervilles
“Hoovervilles”

It’s ALWAYS the Presidents’ fault.

slide8

The Dust Bowl

Farm Economy Collapses

route 66
Route 66

“Okies”

slide11

25%

Peak Unemployment

50%

Black Unemployment During Depression

the hoover myth
The Hoover Myth

Hoover just sat there and did nothing about the Depression. It wasn’t until FDR that the government tried to do something.

FALSE

ZZZ…

hawley smoot tariff
Hawley-Smoot Tariff

Second-highest tariff in U.S. History

hoover had limits
Hoover Had Limits

Voluntary Charitable Efforts

Direct Relief

for the Poor

the bonus expeditionary force
The “Bonus Expeditionary Force”

aka, “Bonus Army”Summer, 1932

The doughboys want their dough.