- 1929-1939 Stock market crash Stock Market Crash, Black Tues. Oct. 29, 1929 Didn’t realize the effect it would have No money to replenish what was borrowed.
1929-1939 Stock market crash Stock Market Crash, Black Tues. Oct. 29, 1929 Didn’t realize the effect it would have No money to replenish what was borrowed.
<ul><li> Slide 1 </li> <li> Slide 2 </li> <li> 1929-1939 Stock market crash Stock Market Crash, Black Tues. Oct. 29, 1929 Didnt realize the effect it would have No money to replenish what was borrowed Many found being broke humiliating. </li> <li> Slide 3 </li> <li> The Roaring 20s The new concept of credit People were buying: Automobiles Appliances Clothes Fun times reigned Dancing Flappers Drinking </li> <li> Slide 4 </li> <li> Why was this bad? Credit system People didnt really have the money they were spending WWI The U.S. was a major credit loaner to other nations in need Many of these nations could not pay us back </li> <li> Slide 5 </li> <li> The Stock Market People bought stocks on margins If a stock is $100 you can pay $10 now and the rest later (finance part of the cost of the stock) when the stock rose Stocks fall Now the person has less than $100 and no money to pay back </li> <li> Slide 6 </li> <li> And then. With people panicking about their money investors tried to sell their stocks This leads to a huge decline in stocks Stocks were worthless now People who bought on margins now could not pay Investors were average people that were now broke </li> <li> Slide 7 </li> <li> 1920s Problems Factories making Too Much, Farms growing too much Factories Fire Workers (Dont need them) Farm Prices fall (Farmers cant make $$) Farmers & Factory Workers cant pay back loans to Banks: DEFAULT!! Banks Close because they have no money: Loans have not been paid back, cant give people their savings BANKS Have NO $$ PEOPLE LOST SAVINGS & JOBS NO ONE TO HELP! </li> <li> Slide 8 </li> <li> Banking System Collapse Banks invested heavily in the market Collapse of market led to bank failures Many depositors panicked, leading to even more bank failures Federal Reserve system not regulating money given to banks. </li> <li> Slide 9 </li> <li> = + People Default on Loans Banks have no money to give people Banks Close People Loose savings </li> <li> Slide 10 </li> <li> Herbert Hoover was president at the start Philosophy: Well make it! What He Did: Nothing The poor were looking for help and no ideas on how to correct or help were coming </li> <li> Slide 11 </li> <li> Farmers were already feeling the effects Prices of crops went down Many farms foreclosed People could not afford luxuries Factories shut down Businesses went out Banks could not pay out money People could not pay their taxes Schools shut down due to lack of funds Many families became homeless and had to live in shanties </li> <li> Slide 12 </li> <li> . Jobless / Homeless 1. 1930-1932 Jobless goes from 4 to 12 million 2. Houses are lost, people become homeless 3. People are Desperate!!!! B. Hatred for President Hoover 1. Says it is NOT Governments job to fix the Poor a. Say Churches and other groups should help b. PROBLEM: People too poor to help churches so churches cant help as much!!! 2. People name Poor Places after Hoover a.*Hooverville- Shanty towns / Hoovermobile- cars pulled by mules b. HOBOS- look for jobs traveling the rails * Hooverblankets- newspapers used as blankets by homeless </li> <li> Slide 13 </li> <li> Bonus Army A group of about 15,000 WWI veterans who marched Washington D.C. in 1932 to demand there immediate bonus that was promised to them for their service in WWI (1945). Hoover sends in Army they used tear gas, machine guns, and burned the camp down Hoovers removal of vets made Hoover appear heartless </li> <li> Slide 14 </li> <li> Slide 15 </li> <li> Many waited in unemployment lines hoping for a job. </li> <li> Slide 16 </li> <li> People in cities would wait in line for bread to bring to their family. </li> <li> Slide 17 </li> <li> Some families were forced to relocate because they had no money. </li> <li> Slide 18 </li> <li> Hooverville Some families were forced to live in shanty towns A grouping of shacks and tents in vacant lots They were referred to as Hooverville because of President Hoovers lack of help during the depression. </li> <li> Slide 19 </li> <li> Slide 20 </li> <li> Slide 21 </li> <li> A drought in the South lead to dust storms that destroyed crops. The Dust Bowl </li> <li> Slide 22 </li> <li> The South Was Buried Crops turned to dust=No food to be sent out Homes buried Fields blown away South in state of emergency Dust Bowl the #1 weather crisis of the 20th century </li> <li> Slide 23 </li> <li> Slide 24 </li> <li> Slide 25 </li> <li> Slide 26 </li> <li> Two Families During the Depression </li> <li> Slide 27 </li> <li> A Farm Foreclosure </li> <li> Slide 28 </li> <li> Some families tried to make money by selling useful crafts like baskets. </li> <li> Slide 29 </li> <li> *FDR* When he was inaugurated unemployment had increased by 7 million. Poor sections (like Harlem) had 50% of the pop. unemployed Instated the New Deal Yea! Frankie! </li> <li> Slide 30 </li> <li> People everywhere were effected by the depression It wasnt till President Roosevelt took over and tried to put the economy back together that people even saw a glimmer of hope </li> <li> Slide 31 </li> <li> http://www.teachertube.com/viewVideo.php ?video_id=118637&title=Great_depressionhttp://www.teachertube.com/viewVideo.php ?video_id=118637&title=Great_depression http://www.hippocampus.org/hippocampus. php/course_locator.php?course=US History II&lesson=59&topic=5&width=800&height =684&topicTitle=The%20Depression&skin Path=http://www.hippocampus.org/hippoca mpus.skins/default </li> <li> Slide 32 </li> <li> Major Historical Happenings... Jim Crow Laws Scottsboro Trials Recovering from the Great Depression Racial Injustice Poor South </li> <li> Slide 33 </li> <li> Jim Crow Laws After the American Civil War most states in the South passed anti-African American legislation. These became known as Jim Crow laws.American Civil War These laws included segregation in Schools-- Hospitals Theaters-- Water fountains Restaurants Hotels Public transportation Some states forbid inter-racial marriages </li> <li> Slide 34 </li> <li> These laws were instituted in 1896 and were not abolished till the late 1950s (even then still not completely). </li> <li> Slide 35 </li> <li> 9 young African- American men (13- 20) accused of raping 2 white girls in 1931 Immediately sentenced to death Trials went on for nearly 15 years before all the men were dismissed </li> <li> Slide 36 </li> <li> Started on a train bound for Memphis Several white men boarded and picked a fight with the black men Whites were forced off train by the 12 black men. The white men reported the black men had raped two white girls on the train to authorities They were immediately arrested and tried in front of an all-white jury. </li> <li> Slide 37 </li> <li> The trials caused a huge uproar amongst the black community. </li> <li> Slide 38 </li> <li> Slide 39 </li> <li> Slide 40 </li> <li> Wrote To Kill a Mockingbird in 1960 Based the story on her life growing up in Monroeville, Alabama TKAM was the only novel she ever wrote </li> <li> Slide 41 </li> <li> The character of Dill, Scout and Jems playmate in the novel was based upon Lees actual neighbor, Truman Capote Capote is famous for amongst other things, In Cold Blood and Breakfast at Tiffanys. It has been said that he gave Lee a Mockingbird as a gift. </li> <li> Slide 42 </li> <li> In 1962 the novel was turned into a film starring Gregory Peck. It received a humanitarian award and several Academy Award nominations </li> <li> Slide 43 </li> </ul>