![Page 1: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/1.jpg)
![Page 2: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/2.jpg)
Unit 3
THE GREAT
DEPRESSION
![Page 3: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/3.jpg)
The Nations Sick Economy
Economic Troubles on the horizon
1. Industries in trouble
2. Farmers need a lift
3. Consumers have less money to spend
4. Living on credit- buy now pay later
5. Uneven distribution of wealth
![Page 4: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/4.jpg)
Dreams of Riches in the Stock Market1. Dow Jones Industrial Average- A
measure of the stock markets health
2. “Bull Market”- a period of rising stock prices
3. Speculation- buying stock on the chance of quick profit, while ignoring the risk
4. Buying on Margin- Paying a small % of a stocks price as a down payment and barrowing the rest
![Page 5: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/5.jpg)
![Page 6: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/6.jpg)
The Market Crashes
September 1929- Stock Prices Peaked
No Regulations on Wall Street
Black Tuesday- 10/29/1929 the bottom fell out of the market
![Page 7: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/7.jpg)
![Page 8: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/8.jpg)
Financial Collapse
The crash signaled the beginning of the Great Depression- The period from 1929-1940 in which the economy plummeted and unemployment skyrocketed
![Page 9: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/9.jpg)
Bank and Business Failures
People pulled money out of the banks
Banks had invested money in stock
No Regulations on Banks
25% of the nation became unemployed
![Page 10: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/10.jpg)
![Page 11: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/11.jpg)
Causes of the Great Depression
High Tariffs/Few Exports
Overproduction in Manufacturing & Agriculture
Buying on Credit and “On Margin”
No Regulations on Wall Street & Banks
![Page 12: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/12.jpg)
HARDSHIPS AND SUFFERING DURING THE
DEPRESSION
![Page 13: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/13.jpg)
Peoples Lives Devastated
Shantytowns- Little towns consisting of shacks
Soup Kitchens/Breadlines- Free or low cost food from charitable organizations
NOT THE GOVERNMENT
![Page 14: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/14.jpg)
![Page 15: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/15.jpg)
![Page 16: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/16.jpg)
![Page 17: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/17.jpg)
![Page 18: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/18.jpg)
![Page 19: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/19.jpg)
![Page 20: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/20.jpg)
![Page 21: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/21.jpg)
![Page 22: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/22.jpg)
![Page 23: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/23.jpg)
![Page 24: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/24.jpg)
Dust Bowl
Farmers from Texas to North Dakota had destroyed grasslands from drought, high winds, and over cultivation
Hardest hit regions of KS, OK, TX, NM, CO became known as the “Dust Bowl”
Okies- migrant farm workers that headed to California
![Page 25: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/25.jpg)
![Page 26: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/26.jpg)
![Page 27: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/27.jpg)
![Page 28: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/28.jpg)
![Page 29: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/29.jpg)
![Page 30: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/30.jpg)
![Page 31: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/31.jpg)
Effects on the American Family
Men struggled
Walked the streets looking for jobs
Some abandoned their families
Some became “hoboes”
Suicide rates skyrocketed
![Page 32: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/32.jpg)
![Page 33: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/33.jpg)
![Page 34: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/34.jpg)
![Page 35: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/35.jpg)
Children Suffered
Poor diets and no health care
Schools shut down
Many sent to live with their grandparents
Young people quit going to college
People put off getting married and having a large family
![Page 36: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/36.jpg)
HOOVER STRUGGLES WITH THE DEPRESSION
![Page 37: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/37.jpg)
![Page 38: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/38.jpg)
![Page 39: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/39.jpg)
Hoover and the Depression
Believed handouts would weaken peoples self-respect Did not believe in direct relief- aid to the poorFederal Home Loan Bank Act- lowered mortgage rates for homeowners and allowed farmers to refinance to avoid foreclosure
![Page 40: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/40.jpg)
Reconstruction Finance Corporation (RFC)- Provided $2 Billion for emergency financing for banks, insurance companies, railroads, and other large businesses
![Page 41: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/41.jpg)
The Bonus Army
Consisted of 20,000 WWI veterans
Wanted early payment of a promised bonus
Hoover sent in the Army to remove them
Used tear gas and set fire to their shanties
1,000 people gassed including an 11 month old girl who died and an 8 year old boy that was left blind
![Page 42: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/42.jpg)
![Page 43: Unit 3 THE GREAT DEPRESSION The Nations Sick Economy Economic Troubles on the horizon 1. Industries in trouble 2. Farmers need a lift 3. Consumers](https://reader035.vdocument.in/reader035/viewer/2022062422/56649f115503460f94c24a5a/html5/thumbnails/43.jpg)