Hoover & the Crash
Who won the election of 1928?
Who is Hoover?
What is the Great Depression?
The period from 1929-1939 in which the economy greatly declined
When did the Dust Bowl occur?
1. 1930–31
2. 1934
3. 1936
4. 1939–40
Who won the Election of 1932?
Franklin D. Roosevelt
What was the role of women?
Many women gained important government positions in the FDR administration
What does Speculation mean?
Hoping to make a quick profit trading stocks and bonds, while ignoring the risk….
What is the Hawley-Smoot Tariff Act?
The highest protective Tariff in American history
Who was affected during the Dust Bowl?
1. The Dust Bowl mainly affected farmers from the Great Plains region
2. 21% of farmers depended on government assistance
3. More than 500,000 farmers lost farms and were left homeless
4. By 1940, 2.5 million people had moved out of the Plains states
What were FDR's qualifications for President?
Was an effective and reform minded leader
As governor, he worked hard to combat poverty and unemployment
FDR nominated America's 1st female cabinet member. What else did he do?
Appointed 2 female diplomats
Nominated a female federal judge
What does Buying on Margin mean?
Paying only a small percentage of a stock’s price and borrowing the rest
Causes of the Great Depression
1. Tariffs reduced foreign trade
2. US Farming collapsed w/ no federal help
3. Credit became too easily available
4. Growing income inequality
How did the Dust Bowl happen?
1. Over Farming of former grasslands
2. Extended drought
3. Unusually high temperatures
4.Wind Storms
What is the New Deal?
A series of policies and programs designed to address the problems of the Great Depression
Who is Frances Perkins?
The first women to be chosen for a president's cabinet
What happened in October in 1929?
The Stock Market crashes.
Impacts of the Hawley-Smoot Act
1. Unemployment gets worse
2. Foreign nations retaliate w/ tariffs
3. Foreign trade reduced by 40%
How much damage did it cause?
1.2 billion tons of soil were lost across 100 million acres
The Dust Bowl caused $25 million in damages by 1936 ($530 million today)
7,000 Americans died as a result of the Dust Bowl
Over 2 million Americans were left homeless
What was the Hundred Days?
A period of intense action in which Congress passed more than 15 major pieces of legislation
What are the Limits on Women in the Workplace?
Women faced a lower minimum wage than men
Fewer women were hired by government work programs
Effects of the Stock Market Crash
1. Farms, businesses and banks fail nationwide….
2. Massive Unemployment rates
3. Poverty is widespread
What are the main features of the Great Depression?
Massive unemployment & poverty
What happened to the Farmlands?
Top soil blew away across 100 million acres of farmland
Wheat production fell by 36%
Corn production plummeted by 48%
35 million acres of farmland was lost across the plains
What are the acts FDR proposed?
Emergency Banking Relief Act, Glass-Steagall Act, Federal Securities Act, Agricultural Adjustment Act (AAA), Civilian Conservation Corp (CCC), National Industrial Recovery Act
Who is Mary McLeod Bethune?
She was chosen by FDR to head the division of Negro Affairs