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22:1 Nation’s Sick Economy Bell Ringer: 680

22:1 Nation’s Sick Economy Bell Ringer: 680. Problems with the economy. Wealth gap Struggling industries Farmers debt. Industries in Trouble. RR, textiles, steel New transportation Mining, lumbering New energy Boom industries weakened Fewer housing starts . Farmers Need a Lift.

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22:1 Nation’s Sick Economy Bell Ringer: 680

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  1. 22:1 Nation’s Sick EconomyBell Ringer: 680

  2. Problems with the economy • Wealth gap • Struggling industries • Farmers • debt

  3. Industries in Trouble • RR, textiles, steel • New transportation • Mining, lumbering • New energy • Boom industries weakened • Fewer housing starts

  4. Farmers Need a Lift • During and after WWI • Over production • Foreclosures and bank failures

  5. Price Supports • Government intervention • Coolidge veto “Farmers have never made money. I don’t believe we can do about it.”

  6. Consumer goods and credit • Rising prices • Stagnant wages • Uneven distribution of income • Credit • Installment Plan

  7. Uneven distribution of income • Wealth gap • Poverty level • Access to consumer goods

  8. 1928 Election • Republican Hoover • Democrat Alfred E. Smith

  9. Investing in the Stock Market • Dow Jones Industrial Average • Buying on the margin • speculation

  10. Black Tuesday • October 29, 1929 • Stock market bubble burst

  11. Great Depression • 1929-1940 • Economy • Unemployment • Stock market

  12. Bank Failures • Withdrawals • Banks speculated

  13. Business Failures • GDP slashed • Unemployment skyrocketed

  14. Depression in Europe • High war debts • Germany’s reparations • European trade

  15. 1930 Hawley Smoot Tariff Act • Protective tariff • Effect on world trade • Effect on unemployment

  16. Causes of the Great Depression

  17. 22:2 Hardship and Suffering During the Depression

  18. Depression in the Cities • Unemployment • Homeless • Shantytowns Hoovervilles • Soup kitchens • Bread lines

  19. Effects on Minorities • Unemployment rates • Pay • Racial violence • Southwestern deportation

  20. Depression in Rural Areas • Able to grow food • Falling prices + rising debt = foreclosures • Tenant farming

  21. Dust Bowl 1933-1936 • Causes • Extreme Drought • Over cultivation • Dust bowl-hardest hit region

  22. Okies • Rt. 66 to CA • Migrant workers

  23. Migrant Mother

  24. Effect on American Family • Family unity • Strain

  25. Men during the depression • Wandered the streets • Became hoboes • Hobo jungles • Riding the rails • Hobo symbols

  26. Women During the Depression • Finding work • Targets of resentment • “silent suffering”

  27. Children and Teens during the Depression • Malnutrition • Education • Sweatshops • “Wild Boys” • “Hoover Tourists” • Dangers

  28. Early Relief • Direct v. indirect relief • City and charity

  29. Social and Psychological Effects of the Depression • Suicide rate • Mental hospitals • Long term effects • charity

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