Continue blog discussion. Project due tuesday
1. 1928 Election(466)
Herbert Hoover(R) -trained as an engineer/not much political experience. Humanitarian,came across as some one who could careless(during presidency) Secretary of Congress Pretty quite.Won because he was a republican, he has a hands off aproach,
Al Smith(D)-Governer of NY for 10 years, governer is like a baby president. Political guy,loved the lime light, lost because he was a democrat-that hurt him, against prohibition, was a catholic(country was anti-catholic, country founded on a protestant religion-were worried that the pope would run the country.)
was a blow out(Solid south voted democrat), over 60% voted republican
2. Stock Market in the 1920's(466-468)
Stock prices rose alot, dow jones industrial average- are the 30 largest companies at the time & it is an indicator for the entire stock market.
Reached 381 pts.
Stock-share of a company. when stocks fail, investors couldn't do their loans, money was permanetly lost.
3. Story of the stock market crash-not the causes(467-469)
Begining of year everything was great, no one thought it would go wrong. On March 25 there was a mini crash-peoples stock were going down and people started selling. Charles(charlie) Mitchell said he was still going to give out loans.After March 25 everyone thought nothing would go wrong. On October 24 "Black Thursday" stocks fell, people panicked and started selling their stocks, and the worst was on "Black Tuesday".
4. Banks and business' collapse(469)
*Banks they gave out loans & then we they came to collect with interest, people couldn't pay them back. So they went out of business, 9,000-11,000 banks failed. People lost their life savings.
Businesses-were overproducing, & people couldn't afford to buy products, so they cut workers, 9,000 businesses failed.
5. Effect stock market crash had on other countries(469-471)
The depression spread to other countries, bank & businesses failed, unemployment, lead to dictators.
Great Depression helped lead to WW2
6. Depression in the cities(472-473)
It stunk, people were losing their jobs, didn't have the money to pay for homes and they became homeless. Made shantytowns and named them Hoovervilles. Lots of racism, people felt that the latinos and black were causing them to lose their jobs. US deported alot of latinos. There were bread lines-places for people to go to get free food, and cheap items, soup kitchens.
7. Depression in the rural areas(473)
They didn't feel as many effects because they could grow their own food. They produced too many goods &
went into debt because of it. Farmers had no money.
8. Dust Bowl(474) The Dirty Thirties. Happened in the Great Plains. 38 dust storms happened in 1938. Farmers started planting trees to break the force of wind.
9. Men in the Streets(475)
When men were unemployed. They would search the streets for jobs, and were too embarassed to go home. Hobos started producing symbols and there own language. They did what they had to do to survive, they lived in Hoovervilles.
10. Women struggle to survive(475-476)
Women were to proud to stand in bread lines, & to show people they didn't have money. Women who worked outside the homes faced discrimintation and had to compete against jobless males for jobs.
11. Children suffer hardships(476)
If you were a kid in the Great Depression and if you were old enough you had to get a job, work and help the family. You may have to move out of your house and wouldn't be able to but food. Kids started to get rickets, some kids ran away and lived/jumped on the trains. They ran away to find money, and get away from the family. A lot of kids weren't able to go to school. Kids dreams were crushed by the Great Depression.
12. Social and psychological effects(477)
Some people were so depressed that they killed themselves, so didn't have the luxery of going to the doctors and dentist. Men were embarassed to face their wives and children, so they would either commit suicied or went clinicly insane. Neighbors helped each other.
13. Hoover's background
Was born in Westbranch, Iowa. Was born to a quaker family, went to college. He was an engineer, during WW1 he helped with relief efforts in Belgium. Was popular when he took office that soon changed.
14. Hoover's philosophy/Cautious steps(479)
He didn't believe in wealthfare, gov't aid, he wanted to stop world trade, to get out of the depression he wanted companies to add employees instead of fire them, and don't cut their wages or hours. Rugged Individualism-individuals should fend for themselves.
Fiscally Responsible-being resposible with money. He didn't believe in putting our country in debt.
15. Boulder Dam(480)
The tallest & 2nd largest dam in the world. Hoover authorised the production of the dam and he used the money they profited for the amount of construction. The dam payed for itself by generating electricity and gain profit for using that energy. On the Colorado River.
16. Democrats win 1930 Congressional elections(480)
Hoover was a republican and everyone was going against him because he was the President during the Great Depression. People thought that the government should help out, so they voted democrat because people hated him. Seats in Congress because democratic, people called the depressed towns hoovervilles.
17. Hoover takes action(481)
He made the Glass Stagle Act-made it easier for companies to get loans, and released the gold reverses. He cut a 160 billions dollars in taxes. RFC-Reconstruction Finance Corporation-it is trickle theory in action-$2 million to big businesses so they would hire people because of the unemployment rate. Federal Farm Board-would buy up surplus crops, house it, sold it when prices went up. Federal Home Loan Bank Act-help farmer keep their farms and homeowners keep their homes. National Credit Corporation-set up by large banks to loan money to small banks in need.
18. Bonus Army(482-483)
A bunch of WW1 vets. & all their families gathering in D.C. After WW1 after getting deployed the government gave them a signed check that says we are going to give you so much money when the time period hit. They didn't have jobs and needed the money now. So they went to D.C to protest. Hoover put up tents and water for them to drink trying to be a good will ambassador. Made Hoover look like he could care less about people, because he sent the army in to get the people who wouldn't leave out.
Comments