Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high...

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Great Depression

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Transcript of Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high...

Page 1: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Great Depression

Page 2: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

The Good – in the 1920s

• Economic indicators were up– Employment was high– Wages were growing steadily– Credit was cheap– Profits were growing– Production was up – The stock market was humming

Page 3: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

The Problems

• The Unbalanced Economy– Large Groups Not Sharing in

the Prosperity– Mal-distribution of Wealth

• Industrial Consolidation (Collusion)

• Among the People

• Stock Market Shenanigans

Page 4: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Industrial Consolidation

• Consolidation of industry continues

• Left unchecked by the Harding & Coolidge administrations. – Not anti-trust zealots– Almost encouraged collusion

• What will happen if industry folds?

Page 5: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Distribution of Wealth Among the People

• 1920 -110 million people in US– Top 27,000

people earned more than the bottom 11 million.

• Why is this a problem?

Page 6: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

The Stock Market Issues

• Stocks become overvalued

• People begin Trading on Margin– Investment firms would lend

people money to invest - up to 90% of the price of the stock.

• Crash will ruin people

Page 7: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Warning Signs of Crash

• Danger signs begin to appear in early 1929.– Building contracts decline sharply– Business inventories begin to grow

dramatically– Consumer spending declines by 50%

between 1928-29– People begin to be laid-off in 1929

Page 8: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

The Crash (Sept – late Nov 1929)

• Black Tuesday – Oct 29, 1929

• Several crashes and recoveries– mid-November -

market down 50%– 1932 - down about

70%

Page 9: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

The Economic Depression 1929-1932

• Unemployment – 25%– 12 - 15 million were out of work– Families were not two wage earners

so this was devastating

• Income– 60% drop in salaries

• Production – Down 26% by end of 1929, by 50%

by end of 1932

• Most serious depression in the country’s history

Page 10: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Effects on the People

• The wealthy were insulated• If you were poor,

unfortunate– Turn to family for help– Breadlines– Some distraught over bleak

chances– Some men abandoned their

families

Page 11: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Dust Bowl

• Farmers in the Plains are ruined– Poor farming practices

– lack of crop rotation– Drought in the 30s– Effects of Depression

• Dust storms of blowing top soil

• John Steinbeck – Of Mice and Men, The Grapes of Wraith

Page 12: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Hoover’s Solutions

• Purchase surplus crops

• Reconstruction Finance Corp - Provided 1.5 billion to private businesses to keep them afloat

• Increase Tariffs - isolationist

• No relief for the people

Page 13: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

The Tragedy of Herbert Hoover

• He’s a very well-qualified, intelligent, well-intentioned person. • He brought a strong, well thought through, conservative business

philosophy to the White House. – Yet he fails. – He couldn’t overcome the depression.

• He was bound to a political philosophy that wouldn’t work to move America out of the depression.

Page 14: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

1932 - Year of Crisis – The Depression Deepens

• The American Mood– 1929-31 - The American people’s response is to gut

out the depression – In 1932, this attitude changes. People begin to lose

faith in Hoover.• People became angrier.• Hoovervilles – shantytowns created by homeless• Bonus Army

Page 15: Great Depression. The Good – in the 1920s Economic indicators were up –Employment was high –Wages were growing steadily –Credit was cheap –Profits were.

Bonus Army - 1932 • War veterans marched

on Washington DC.

• Hoover demanded that the Bonus army evacuate.

• Contributed to national malaise


1920s Culture

1920s Culture

DANCE IN THE 1920S · 2020. 12. 4. · By Brenya Doles. Famous Dances of the 1920s Some of the famous dances in the 1920s were, The Waltz, The Tango, Fox-trot, Charleston, and the

DANCE IN THE 1920S · 2020. 12. 4. · By Brenya Doles. Famous Dances of the 1920s Some of the famous dances in the 1920s were, The Waltz, The Tango, Fox-trot, Charleston, and the

1920s Radio Show - Central Bucks School District · 1920s Radio Show Creating an Audacity ... the 1920s? Unit Focus: What influences ... What was the Dawes Plan? 4. What were the

1920s Radio Show - Central Bucks School District · 1920s Radio Show Creating an Audacity ... the 1920s? Unit Focus: What influences ... What was the Dawes Plan? 4. What were the

Causes of the Great Depression The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s,

Causes of the Great Depression The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s,

The Great Depression 1929-1939. The Boom During the 1920s, many were buying stocks “on the margin”… in other words, paying by credit. During the 1920s,

The Great Depression 1929-1939. The Boom During the 1920s, many were buying stocks “on the margin”… in other words, paying by credit. During the 1920s,

Also during the 1920s, European Modernist architects were ...Also during the 1920s, European Modernist architects were developing a new unit of urban design known as the "superblock."

Also during the 1920s, European Modernist architects were ...Also during the 1920s, European Modernist architects were developing a new unit of urban design known as the "superblock."

The Years Between the Wars 1920s and 1930s Society went through many changes There were changes in the old balance of power Problems in the 1920s and.

The Years Between the Wars 1920s and 1930s Society went through many changes There were changes in the old balance of power Problems in the 1920s and.

1920s politics of the 1920s student copy

1920s politics of the 1920s student copy

Aim : What efforts were made in the 1920s to secure world peace?

Aim : What efforts were made in the 1920s to secure world peace?

The Roaring 20s. Why do you think the 1920s were called the Roaring Twenties?

The Roaring 20s. Why do you think the 1920s were called the Roaring Twenties?

STEADILY ACHIEVING GOALS

STEADILY ACHIEVING GOALS

The 1920s were a decade of consumer spending and the ...€¦ · and the economy looked healthy on the surface Income did increase in the 1920s, but there were severe problems ...

The 1920s were a decade of consumer spending and the ...€¦ · and the economy looked healthy on the surface Income did increase in the 1920s, but there were severe problems ...

1920s Advertising

1920s Advertising

Why were the 1920s the high point of the Ku Klux Klan’s popularity?

Why were the 1920s the high point of the Ku Klux Klan’s popularity?

The Great Depression. The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s, but.

The Great Depression. The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s, but.

Zeigiest 1920s

Zeigiest 1920s

Essential Question : Who were the major totalitarian leaders in the 1920s & 1930s?

Essential Question : Who were the major totalitarian leaders in the 1920s & 1930s?

1920s Intro

1920s Intro

Chapter 20 Postwar Social Change (1920–1929). Society in the 1920s How were women’s roles changing during the 1920s? How were the nation’s cities and.

Chapter 20 Postwar Social Change (1920–1929). Society in the 1920s How were women’s roles changing during the 1920s? How were the nation’s cities and.

1920s cartoons

1920s cartoons