• 1920’s Texas Economy =

Very Good

1

• Governor of Texas-

Dan Moody

1927-1931

• ‘Black Tuesday’ October 29, 1929October 29, 1929

• Worst day in Wall Street.

• Stocks fell by 40%- a loss of $26 BILLION$26 BILLION.

President Hoover

2

3

Banks failed.Banks failed.4

Business laid off workers to reduce expenses.5

• Many were unemployed & lost their homeshomes.

Squatters built shacks.

6

• Many families became migrant.

By 1930 3 million By 1930 3 million kids were not kids were not

going to schoolgoing to school

•Moving from place to place in search of jobs.

7

• Man in hobo jungle killing turtle to make soup

Many of the poor would eat them. They would make souvenirs & try to sell them.

By 1933-

15 million workers were unemployed.

8

Things still good in Texas

• 1930- Big oil discovery in East Texas.

9

Texans elect new governor

• Ross Sterling

• 1932- 300,000 Texans were unemployed.

• Soup kitchens & breadlines helped give out food.

Overproduction of East Texas oil fields.

Barrel of oil $1.00 to .08

• Crop prices drop.Prices drop

to .06 a pound.

• Too much farming & ranching in Great Plains caused soil erosion. Drought caused soil to be dry & loose.

• Wind would cause huge clouds of dust. Worst storms = black blizzards.

1935 Black Blizzard blocked out

the sun in Amarill

o for 1

1 hours.

New President & Vice President

Herbert Hoover Charles Curtis

President Vice President

Franklin D. Roosevelt John ‘Cactus Jack’ Garner

1011

John ‘Cactus Jack’ John ‘Cactus Jack’ GarnerGarner

•Texas lawyer.Texas lawyer.•Congressman for Congressman for

15 15 years.years.•One of the One of the most most

powerfulpowerful vice- vice-presidents in presidents in history.history.

•Helped support Helped support ‘New Deal’‘New Deal’ policies. policies.

•Retired in Retired in 19401940..

New Deal• CCC- 27 camps in Texas

• 2,500,000 men employed throughout U.S.

• $30.00 a month

• Built 31 state parks in Texas.

Abilene Balmorhea Bastrop Big Spring Blanco Bonham Buescher Caddo Lake Cleburne Daingerfield Davis Mountains Fort Parker Garner Goliad Goose Island

Huntsville Indian Lodge Inks Lake Lake Brownwood Lake Corpus Christi Lockhart Longhorn Cavern Meridian Mission Tejas Mother Neff Palmetto Palo Duro Canyon Possum Kingdom Tyler

0

• WPA completed projects throughout Texas during the Depression.

Dealey Plaza, Dallas

San Antonio river walk

San Jacinto Monument0000

00

Samuel Rayburn • Re-elected 24 times to the U.S.

House of Representatives.• Democrat Speaker of the House for

24 years.• Promoted Roosevelt’s New Deal.

Great Depression ?’s• 1. Shares of ownership.• 2. To raise money.• 3. A global economic slowdown in the 1930’s.• 4. Give out food.• 5. cotton- .06 cents oil .08 cents• 6. Glossary• 7. New Deal• 8. John ‘Cactus Jack’ Garner• 9. Civilian Conservation Corps• 10. 100,000