US HISTORY
MR. BOOTHBY
5/1/2018
The Learning Target: The Politics of Boom and Bust
Bull Market TO…Stock Market Crash/ THIS IS DEPRESSING!
BUT YOU HAVE A FUN PROJECT GRAB A SHEET & A SEAT!!!
Silently Read Pages 757-763 +770(1.5 full pages MINIMUM!)
IF YOU READ FIRST AS A CLASS: Answers will be revealed BELOW !
1)What happened in October of 1929 that ended the “Roaring 1920s”? Explain Black Tuesday and how this all took place (see 757)!
2)What were some of the RESULTS of this crash on families in the US? What is the era after the crash known as (see 762 and 763)?
3) How did the US Stock Collapse even hit Europe and other nations?
(Hint: SEE PAGE 759)
4) What did President Hoover feel should be done for industry and self-reliance “at first”? Do you feel this is why the government intervenes so much today??? (page 770)
HINT: IF YOU DO THE READING THE ANSWERS WILL BE ONLINE:
BELOW ON THIS PAGE TODAY !
BEGIN THE NEWEST ARTifacts: HELP IS Below!!
YES, he actually named the Dam he spent government
money on after himself! WONDER WHY HE
WAS KNOWN AS THE WORST PRESIDENT EVER!!!
KEEP EVERYTHING FOR NEXT TIME
BEGIN YOUR ARTifacts in PAPER (HELP IS BELOW ;-)
HERO SUPPORT IS BACK IN BUSINESS BELOW!
SUPPORT FOR OUR HISTORY HEROES OF US HISTORY!!
PROJECT INFO AND HELP IS BELOW!!!
1) What happened in October of 1929 that ended the “Roaring 1920’s”? Explain Black Tuesday and how this all took place!
The stock market crashed in October 1929. It was partially triggered by the British, who raised their interest rates in an effort to bring back capital lured abroad by American investments. The British needed money, and they were unable to trade with the United States due the high tariffs.
On "Black Tuesday" of October 29, 1929, millions of stocks were sold in a panic. By the end of 1929, two months after the initial crash, stockholders had lost $40 billion.
2) What were some of the RESULTS of this crash on families in the US? What is the era after the crash known as?
As a result of the crash, millions lost their jobs and thousands of banks closed. The United States was the hardest industrialized nation to be hit.
This crash led to the Great Depression.
3) Besides the “Stock Market Crash” what were other causes of the Great Depression? (Hint: See the section Horn of Plenty)
One of the main causes of the Great Depression was overproduction by farms and factories. The nation's ability to produce goods had outrun its capacity to consume or pay for them. All of the money was being invested in factories and other agencies of production; not enough money was going into salaries and wages. Over-expansion of credit also contributed to the depression.
In the 1930s, a drought scorched the Mississippi Valley, causing thousands of farms to be sold.
Hoovervilles: a nickname for tin-and-paper shantytowns.
4) What did President Hoover feel should be done for industry and self-reliance “at first”? Did this lead to “Hoovervilles”?
In the beginning of the Great Depression, President Hoover believed that industry and self-reliance had made America great and that the government should play no role in the welfare of the people. He soon realized, however, that the welfare of the people in a nationwide catastrophe was a direct concern of the government.
5) With a partner discuss what Hoover did with banks and railroads and even the construction of a Dam in his name…The Hoover Dam!
YES, he actually named the Dam he spent government money on after himself! WONDER WHY HE WAS KNOWN AS THE WORST PRESIDENT EVER (until recently)!
Hoover developed a plan in which the government would help the railroads, banks, and rural credit corporations in the hope that if financial health was restored at the top of the economic pyramid, then unemployment would be relieved as the prosperity trickled
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-PROJECT INFO AND STEPS-
1-KEEP THESE BASIC AND JUST HAVE FUN WITH IT…
2-FOLD A SHEET OF PAPER AND MAKE SOMETHING FROM THE 1920’s.
3-IT’S EASY AND SOME MIGHT EVEN SAY…FUN !
4-HANK YEOL LEE FROM SOUTH KOREA HAD FUN AND MADE A MODEL-T TRUCK