We in America are nearer to the final triumph over poverty than ever before in the history of any land
Farmers over produced goods= low prices
Economy slows/people bought less
Stock market crashes
7. The Depression Starts
Weak Banking System
8. Hard Times
9. Hoovers Response
Opposed Government Relief Programs
Favored Private Charities
Public Works Programs
Built projects for public use
RFC(reconstruction finance corporation)
Loaned money to businesses to help them stay in business
10. The Bonus Army
Veterans of WWI
Bonus to be paid in 1945
1932 veterans wanted their money
Camped out in Washington DC with wives and children
Rejected by Senate
Battled police/ 4 died
Army called in to remove them
Used cavalry, tanks, machine guns, tear gas.
Burned camp to the ground
11. A Second Look
The views of others shed light on causes of this crisis.
12. Factors prior to 1932
Policies of the 1920s
affected farm prices
Rise in interest rates
13. World Economy
What others said
You tax meI tax you
Effects on Employment
14. Real PeopleReal Stories 15.
I was in the 8th gradeMy parents lost the farm. Prices were low for products they had to sell, the banks closed and people lost all the money they had in the bank. My parents couldnt make the payments on the farm, so the person who owned the mortgage, foreclosed. We then moved and rented a farm down the road
Ruths Story 16. Mabels Memories
Ray and their Model T.
Oklahoma, Kansas, Colorado, & Montana
Chicago & California
17. Mabels Memories
Their Model T.
18. Back to Iowa
Making the best of what we had.
19. Images of Others 20. Images of Others 21. Images of Others 22. Images of Others 23. How have your views changed?