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The Crash, Dust Bowl, and Depression. America in Crisis. Economic Boom!. Values changing Excessive, pleasure seeking Entertainment and fun key Credit on the rise Consumerism having a hay day, for now Business up, wages barley increasing Bust soon to come. Crash.

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Presentation Transcript
economic boom
Economic Boom!
  • Values changing
    • Excessive, pleasure seeking
    • Entertainment and fun key
    • Credit on the rise
  • Consumerism having a hay day, for now
  • Business up, wages barley increasing
  • Bust soon to come
crash
Crash
  • Effects of the Stock Market
    • Middle class folks hit hard
    • Great losses trickled into society
    • Impact felt across the nation and beyond
  • Start of the Depression
    • Consumers can’t keep up with production
    • Mismanagement in banking industry
    • No regulations of market activity

Really only a symptom of a seriously diseased economy

dust bowl
Dust Bowl
  • 1932-1939 most severe weather activity in nation’s modern history
  • Drought followed by dust storms destroyed farms and towns
  • Exodus to follow
  • By 1940 2.5 million left Plains states
    • Most off to California
    • Rude awakening
this t oo s hall pass
This Too Shall Pass……
  • Herbert Hoover saw Depression as a bump
    • Natural part of business cycle
  • Minor adjustments would get economy back on course
  • Trickle down economic plans failed
  • Miscalculations and underestimations brought about his presidential ruin
    • Smoot-HawleyTariff1930
    • RFC: seen as aid to business and not the people
general prosperity general despair
General Prosperity, General Despair
  • Hoovervilles established
  • Bonus Army
    • Group of WWI vets and their family, seeking bonuses
    • Hoover sends in the troops, Gen. MacArthur takes his own approach
  • Election of 1932
    • Hoover vs. Roosevelt
slide7
FDR
  • Background:
    • Man of privilege
    • Life easy in the beginning
    • Assistant Secretary of Navy WWI
    • Charming, arrogant, sometimes brash
    • 1921 afflicted with polio
    • Different person after struggle
      • Charm still remained, determination and passions changed
1932 election
1932 Election
  • New look to campaign
  • In speech, called for “bold, persistent experimentation”
  • No real plan outlined
  • Exuded confidence
fdr as president
FDR as President
  • Whirlwind in the first 100 days
  • Three major goals:
    • Industrial recovery
    • Agricultural recovery
    • Short term emergency relief

Seen as a Symbol of Hope!

new deal
New Deal
  • CCC: Civilian Conservation Corps
    • Jobless youth sent to work
    • Forest restoration, park maintenance ect…
  • AAA: Agricultural Adjustment Administration
    • Lesson production of surplus items
    • Subsidies put in place to compensate farmers
    • Share croppers hit hard, pushed off of land
slide11
Cont…..
  • NRA: National Recovery Administration
    • Idea was to create “fair competition”
    • Codes put in place
    • Banned all child labor
    • Unions back in business
    • Depended on voluntary support of both business and public “We Do Our Part”
    • Bogged down in red tape
    • 1935: deemed unconstitutional
slide12
Cont….
  • TVA: Tennessee Valley Authority
    • Better luck than NRA
    • Goal: improve living conditions in the Tennessee River Valley while supplying cheap electricity
    • Critics and Supporters
    • Had an attack of being unconstitutional, but survived
new deal on the decline
New Deal on the Decline
  • 1937 FDR’s “court packing” scheme fails
  • 1938 recession comes back around, still 17% population unemployed
  • Writers and painters assisted by New Deal programs, earlier cynicism changed in late 1930’s
  • Foreign threats began to shape cultural climate, patriotism on the rise