1
Money was borrowed from banks for stocks people thought other people would buy them them the stocks for more money.
speculation
People were buying stock but not paying for all of it and hoping they could use the money they made off of it to pay for it.
Buying on Margin
Made taxes on imports higher.
Smoot-Hawley Tariff
Cause of Great Depression: Farming Sector
Because the war ended, they didn’t need as many crops. They made too many crops and that made the prices go down. They couldn’t pay for the land and things they bought during the war.
Buying things without having the money to pay for it. Causes people to go into debt.
Causes of the Great Depression: World War I
People in other countries couldnt afford stuff from the u.s. Because they were recovering from world war 1.
4 Immediate Effects of Great Depression
25% of amaricans were in debt.
500,000 people lost there homes.
9m people lost there life savings
Crime and suicides went up
teenage boys left there homes because they thought that it would help there moms
Where and when did the Dust Bowl occur?
It happened in the mid 1930’s it happened in the great plains/ north texas to north dakota
3 Causes of the Dust Bowl
Static electricity, high winds, over farming
Famously told the nation “the only thing we have to fear is...fear itself” and used radio to give reassuring “fireside chats” to the nation
Franklin D. Roosevelt
Humanitarian first lady who was a fierce advocate for women, children and Blacks during the Great Depression
Eleanor Roosevelt
World famous singer NOT allowed to perform at Constitution Hall in 1939 due to her race, instead performed at the Lincoln Memorial
Marin Anderson
Singer who helped popularize FOLK music in the 1930s, including “This Land is Your Land”
Woody Guthrie
One of the best-selling novelists of the 1930s wrote this book, which was made into the highest grossing film (inflation-adjusted) ever
Margaret Michael
This author of the best known novel of the 1930s perfectly captured the hardships faced by families during the Dust Bowl
The artist of American Gothic (1930) was a member of the Regionalist school of art that dominated the 1930s
Grant Wood
The photographer who took Migrant Mother (1936) did more than anyone to humanize the suffering of the Great Depression
Dorothea Lange
This “King of Swing” was one of the best musicians of the Big Band era and the first to play with a racially integrated orchestra
Benny Goodman
How did the Great Depression impact families? Farmers?
--families
separation, kids/teenage boys would leave so that there family could eat, fear/crime, checkups/dental stuff, mortgages they could not meet the expectations
--farmers
500,000 lost there homes and land, there crops dropped in prices/over production, the dust bowl/ environment/economic collapse
They were producing to much stuff business owners, farmers and banks was one of the reason for the great depression peple were losig there life savings
Overproduction
3 Main Goals of the New Deal and what they were supposed to do
relief
They were putting money into building more things like schools roads bridges government buildings
recovery
They are almost all acts that helped the u.s. Recover from the great depression
reform
The government checked the banking and made sure people got there deposits back because they lost all of there money during the great depression
What is one thing Herbert Hoover did to try to help end the Great Depression?
He approved the Reconstruction Finance Corporation to give money to businesses and help create jobs.
Who disagreed with the New Deal?
Al Smith, Democratic nominee for U.S. president in 1928; founded American Liberty League in 1934 to attack New Deal programs as fostering unnecessary "class conflict". Rush D. Holt, Sr., Democratic West Virginian Senator; opposed Roosevelt's domestic and foreign policies.
--Banks
It reduced bank failures from over 4,000 in 1933 to 61 in 1934
--Farmers
Created new lines of credit to help distressedfarmers save their land and plant
their feilds
--Elderly/disabled
Lowered mortgages, social security
What did Herbert Hoover think the government should do about the Great Depression?
He thought the government shouldn't support people and relief should come from volunteers