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The Great Depression. Unit 12—Chapter Thirty-One GS – 5.2 USHC- 6.3 GS – 5.3 USHC- 6.4 GS – 5.5 . HIGH TARIFFS AND WAR DEBTS. CAUSES OF THE GREAT DEPRESSION. OVER PRODUCTION. UNEQUAL DISTRIBUTION OF WEALTH. STOCK MARKET CRASH AND FINANCIAL PANIC. MONETARY POLICY.

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the great depression

The Great Depression

Unit 12—Chapter Thirty-One

GS – 5.2 USHC- 6.3

GS – 5.3 USHC- 6.4

GS – 5.5

slide2

HIGH TARIFFS

AND WAR

DEBTS

CAUSES OF

THE GREAT

DEPRESSION

OVER

PRODUCTION

UNEQUAL

DISTRIBUTION

OF WEALTH

STOCK MARKET

CRASH AND

FINANCIAL PANIC

MONETARY

POLICY

INDUSTRY

AGRICULTURE

slide3

DUST BOWL

  • THEDUST BOWLREFERS TO THE AREA OF THEGREAT PLAINSTHAT WAS DEVASTATED BY DROUGHT, POOR FARMINING PRACTICES, AND OVERGRAZING.
  • WIND DRIVEN CLOUDS OF BLOWN AWAY TOPSOIL THAT RESEMBLED DARK STORM CLOUDS
the 1929 crash
THE 1929 CRASH
  • In September the Stock Market had some unusual up & down movements
  • On October 24, the market took a plunge . . .the worst was yet to come
  • On October 29, now known as Black Tuesday, the bottom fell out…the Stock Market crashed!!
  • 16.4 million shares were sold that day – prices plummeted
  • People who had bought on margin (credit) were stuck with huge debts
slide6

Soup Kitchens and Breadlines

Common sight in US cities during the 1930s. Private groups providing usually the only meal families got each day.

“Hoovervilles” or shantytowns built by the homeless around cities.

Hoboes or men who traveled by rail looking for food and work.

slide8

Analyze the chart above. What are the trends across the US?

Marriages ended by husband leaving family when he couldn’t find work

Suicide rate - __________________________________________

Children _________________________________________________.

Women did ______________________________________________

slide9

UNEMPLOYMENT IN MILLIONS OF WORKERS

Great Depression:

1929-1933

  • UNEMPLOYMENT REACHED 25 % by 1933
slide10

Political: Republican Response to the Great Depression

Republican Response:

Reconstruction Finance Corporation (RFC)

Raised the tariff

Boulder Dam Project

Suspended payments on the Dawes Plan (World War I debt payments from the allies).

slide11

BOULDER (HOOVER) DAM

-“DIRECT RELIEF” PROGRAM OVER THE CONSTRUCTION OF THE HOOVER DAM IN NEVADA

-EMPLOYED THOUSANDS WHO NEEDED JOBS

-TO SMALL SCALE