January 25-29

Monday- Gone: Test tomorrow

Tuesday- caught up on notes

Wednesday- Started the 1930's Presentations

Causes of The Great Depression
- Overproduction of goods
- Under consumption of goods by consumers
- Agricultural slump in the 1920's due to overproduction
- High protective tariff policies of the 1920's
  - After Stock Market Crash Hoover rose Tariffs
    - Forcing people to buy american products
    - Then had an opposite affect when people weren't buying anything
- Taxes benefiting the rich-rich got richer and the poor got poorer
- Stock Market Crash
  - Sped up The Great Depression
  - Banks and everything started closing
- Banks Closing
  - People lost their live saving if they didn't get their money out in time
The Vicious Cycle of the Great Depression Impacts
- Companies lose $$ so they lay people off
- Unemployment rates go up and less people buy goods as income has dropped
- Companies profits fall so they can lay more people off or close
- Cycle repeats
- HoovervillesBreadlines
  - People that lost everything
  - They bank basically foreclosed their houses
    - So they moved to hoovervilles
    - Slap to the face "Hoover I am living her because of you"
  - Hoovers Poor farm
- - People didn't have money
    - People stood in line for bread
    - Men were the bread winners and brought home the bread
    - Rich organization held these
    - Were ashamed
- Soup Kitchens
  - People didn't have jobs
  - People volunteered at this
  - People would go here and get soup and food
  - Women were too embarrassed
  - Rather Starve that be embarrassed
- Hoboes Hopping Freight Trains
  - Adventurous
  - Dangerous
  - Got people to move from families
    - Find Jobs
- Apple Selling
  - People sold apples for money to eat
  - 2 or 3 cents per apple
  - People that bought apples to feed their families
  - Live Day to Day
- Dust Bowl
  - Lost Farms
  - 1935-1940
  - Location
  - Destroyed homes
    - Great Plains
    - Kansas
    - Oklahoma
    - Texas
    - Colorado
    - New York City
      - Blew over it
- Okies
  - People from Oklahoma affected by the dust bowl
  - Moved to California back of a truck
    - Went their for opportunities
  - They packed everything that they could in the back

Hoover Struggles with the Great Depression
- Only President ever born in Iowa
- Based on our previous discussions, Why do you think that President Hoover struggled dealing with the Great Depression
  - He told people to "calm down"
  - Republican Philosophy
  - Trickle Down Theory
- Hoover was viewed as uncaring and as a President who did very little to help with the Great Depression
  - Didn't do much as a lot of people said
Herbert Hoover
- Believe in the Republican Philosophy- Rugged Individualism, Trickle Down Theory, Laizifairre
- People should figure it out themselves, the government should be itself
Hoover's FIght Against the Great Depression
- Encouraged people to be patient, stay positive and volunteer to help each other
- Federal Farm Board
  - Stabilize prices and to promote the sale of agricultural products
- Norris-Laguardia Act
  - Strengthened labor union
- Hoover Moratorium
  - One year halt on German war payments to France
  - One year on way payments from Great Britain and France to the U.S.
- Mexican Repatriation
  - Mexican immigrants were encouraged/forced to go back to Mexico
- Revenue Act of 1932
  - Increased taxes so U.S. government had $$
- Hawley-Smoot Tariff
  - Raised tariffs to record levels
Reconstruction Finance Corporation (RFC)- 1932
- Gave loans to banks, state and local government, and business' to create projects/jobs for people
- Gave states loans for emergency relief needs
- Started under Hoover
- Not as successful as Hoover had hoped
- Dissolved in 1946 after WWII
Boulder(Hoover) Dam
- Boulder Dam (now Hoover Dam) is located near Las Vegas
- The Hoover Dam project including the dam, the All-American Canal, the town of Boulder City, highways, railroads and various other worse, cost $165 million to build
- Why do you think there were a lot of dam projects in the 1930's?
  - Created money for the government, created energy, sold the energy, created jobs

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January 25-29

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