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Aim: Was the Great Depression avoidable? . Do Now Quiz Homework: Exam Tues and Wed . Coolidge Succeeds Presidency : 1923, 1924 . Coolidge . Worked to reduce public debt Lower cost of govt Cut taxes Restrict immigrants . “The Business of America is business” . - PowerPoint PPT Presentation
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Aim: Was the Great Depression avoidable?
Do Now Quiz
Homework: Exam Tues and Wed
Coolidge Succeeds Presidency : 1923, 1924
Coolidge Worked to reduce
public debt Lower cost of govt Cut taxes Restrict immigrants
“The Business of America is business”
Election of 1928 “Coolidge Prosperity”
1920s ….BOOM! Stock prices soar Business expands production (new
factories and workers) Federal Reserve keeps interest rates
low (easy to buy on credit) High consumer spending (cash in
bonds) Laissez Faire govt policy
Causes of The Great Depression
Packet Work
“Black Tuesday” The day the stock market crashed
Hoover’s steps toFight The Great Depression
1. The Reconstruction Financial Corporation: To make emergency loans to institutes, insurance co. and railroads.
2. State and local govts are to obtain loans from the RFC
3. Payment of war debts and raise tariff on exports.
4. Increase public work projects
Life during the Depression (1930s)• Search of jobs,
meals, jobs, houses,
• Decent to poverty• Price plunge • Desperation
causes migration• Great plains
becomes and Dust Bowl.
Dust Bowl 1935 Dry , dust storm in 1935 Plains Ecological and agricultural damage to
the prairies.
Primary Source Analysis Image
Conditions under
Hoover….
Waiting in line for bread
Relocations
“Hoovervilles”
Hoover Blankets
The Dust Bowl
Social effects of the Great Depression on Arts
John Steinbeck
About a family of ‘Okies’ escaping the Dust Bowl and how horribly they were treated
Stories of the Great Depression
http://www.youtube.com/watch?v=TpfY8kh5lUw