Transcript
Page 1: The Great Depression
Page 2: The Great Depression

1929-1939• Stock market

crash• Didn’t realize

the effect it would have

• No money to replenish what was borrowed

Many found being broke humiliating.

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The Roaring 20’s• The new concept of

“credit” • People were buying:

– Automobiles– Appliances– Clothes

• Fun times reigned– Dancing– Flappers– Drinking

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Why was this bad?• Credit system

– People didn’t 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

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The Stock Market• People bought stocks

on margins– If a stock is $100 you

can pay $10 now and the rest later when the stock rose

• Stocks fall–Now the person has

less than $100 and no money to pay back

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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

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• Herbert Hoover was president at the start

• Philosophy: We’ll make it!

• What He Did: Nothing• The poor were looking

for help and no ideas on how to correct or help were coming

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• 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

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Many waited in unemployment lines hoping for a job.

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People in cities would wait in line for bread to bring to their family.

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Some families were forced to relocate because they had no money.

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“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 Hoover’s lack of help during the depression.

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A drought in the South lead to dust storms that destroyed crops.

“The Dust Bowl”

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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

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Two Families During the Depression

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A Farm Foreclosure

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Some families tried to make money by selling useful crafts like baskets.

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*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!

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• People everywhere were effected by the depression

• It wasn’t till President Roosevelt took over and tried to put the economy back together that people even saw a glimmer of hope

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Major Historical Happenings...

• Jim Crow Laws• Scottsboro

Trials• Recovering

from the Great Depression

• Racial Injustice• Poor South

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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.

• These laws included segregation in…– Schools -- Hospitals

– Theaters -- Water fountains

– Restaurants

– Hotels

– Public transportation

– Some states forbid inter-racial marriages

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• These laws were instituted in 1896 and were not abolished till the late 1950’s (even then still not completely).

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• 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

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• 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 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.

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The trials caused a huge uproar amongst the black community.

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• 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

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• The character of “Dill,” Scout and Jem’s playmate in the novel was based upon Lee’s actual neighbor, Truman Capote

• Capote is famous for amongst other things, In Cold Blood and Breakfast at Tiffany’s.

• It has been said that he gave Lee Mockingbird as a gift.

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• In 1962 the novel was turned into a film starring Gregory Peck.

• It received a humanitarian award and several Academy Award nominations

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