The Great Depression Notes

20’s Keep Roaring

•Americans make more than ever

–1922 National Income= $_____

–1929 National Income= $_____

•Over 23 million cars were owned

–(_____ of worlds supply)

•1929 Stocks at all-time highs!

Trouble on the Horizon

•______

•Farmers were losing land

–Farming and rural areas suffered as crop prices fell by 40 to 60 percent.

•Stock prices begin to drop

1929- The Great Crash

•Investors all over the country ______

______

•October 29 (______), ______, losing billions $$$ in value in one day

•By December 1929, $40 billion in stock value had been lost

The Economy Takes A Dive

•Between 1929 and 1933, ______

•Corporate profits fell from $10 billion to 1 billion

•Between 1929-1933, over ______with over ______saving accounts lost ($2.5 billion)

•By 1933, 13 million workers were unemployed (______

______) and many were underemployed

•Malnutrition increased, as did tuberculosis, typhoid, and dysentery

Hoovervilles

•______

•Almost ___ out of ______Americans unemployed

Social Health

•Decreased ______

–More people into less space

•______

–Could not afford it

•Many men felt shame

Increased Discrimination

•Many ______

–Get more men jobs

•Minorities (African-Americans, Hispanics, and Asian Americans) pushed out of jobs

–______% of African-Americans were unemployed in 1932

–Increased lynching

•Scottsboro Boys

–9 African American youths accused of raping a white women

–8 of 9 convicted to die (no defense)

–Communist Party supplies lawyers for an appeal and the convictions were overturned

Dust Bowl

•440,000 left Oaklahoma

•300,000 left Kansas

•______

Americans Look for Help

•In 1932, 95 people died in NYC from starvation

•Many American turned to soup kitchens and breadlines

•Large numbers of homeless workers roamed the U.S., particularly

______, seeking work

Hoover’s Response

•Believes that ______would undermine America

•Urged Americans to look toward ______for help

•Met with business and labor leaders to reduce layoffs and strikes

•Financed federal works projects, such as massive dams in the west (Bolder, Hoover, and Grand Coulee)

Hostility to Hoover

•Bonus Army (Bonus March)

•WWI Veterans want their bonus money now

•Army sent in to clear them out

•Riot!

Election of 1932

•President Hoover

–Slogans: “The Worst is Past” and “Prosperity is Just Around the Corner”

– Helping business will help the individual

– Helping the individual directly will hurt America

–Accused FDR of seeking the destruction of capitalism

•Franklin D. Roosevelt

–Campaigned for cautious liberalism

–Rejecting Hoover’s conservatism and radical approach of socialists and communists

–Offered ______for the “forgotten man” and promised a balanced budget along with economic reforms

FDR WINS!

Great Depression Lecture Worksheet

  1. What happened on Black Tuesday?
  1. How many people were unemployed at the peak of the Great Depression? Where would many of these people go once they were removed from their homes for not being able to afford to pay their bills?
  1. How did the Great Depression affect families?
  1. How did the Great Depression affect minorities in America?
  1. \What was the Dust Bowl?
  1. What was the Bonus Army?
  1. What did President Hoover believe the Governments responsibility should or should not be in an economic crisis?
  1. What did Presidential Candidate Franklin Roosevelt believe the Governments responsibility should or should not be in an economic crisis?
  1. (2 points) – Write a formal paragraph describing the stance of the candidate you agree with. Explain.