the 1920s the 1920s became known as the “jazz age” or “roaring 20’s” louis armstrong
TRANSCRIPT
![Page 1: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/1.jpg)
The 1920s
• The 1920s became known as the “Jazz Age” or “Roaring 20’s”
Louis Armstrong
![Page 2: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/2.jpg)
The 1920s
• During and after WWI the U.S. was experiencing incredible social and economic growth
![Page 3: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/3.jpg)
The 1920s
• Businesses were experiencing record growth.
• New products were being invented on a scale never before seen.
![Page 4: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/4.jpg)
The 1920s
• Government regulation, labor unions and the Progressive movement improved working conditions and the quality of life in cities.
![Page 5: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/5.jpg)
The 1920s
• The average US citizen became more wealthy and was more likely to own their own home than ever before.
![Page 6: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/6.jpg)
Herbert Hoover
• Hoover was elected President in 1928
![Page 7: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/7.jpg)
Herbert Hoover
• He was a Republican and believed that the government should not use laws to regulate the economy
• However, economic growth during the 1920’s was dangerously rapid and unstable
![Page 8: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/8.jpg)
The Stock Market Crash of 1929
•From 1925-1929 the average value of all stocks tripled
![Page 9: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/9.jpg)
CAUSES OF THE GREAT DEPRESSION
Cause # 1 = Over-Speculation
Cause # 2 = Increasing Consumerism
Cause # 3 = Failures of the Federal Reserve
Cause #4 = High Protective Tariffs
![Page 10: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/10.jpg)
Cause # 1 = Over-Speculation
• “Speculation” - engaging in a risky business venture on the chance that a quick or sizable profit can be made
• Many people during the 1920s began to heavily speculate in the stock market
![Page 11: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/11.jpg)
Cause # 1 = Over-Speculation
• Many investors commonly bought stock ‘on margin’. They only paid for part of the stock and borrowed the rest
![Page 12: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/12.jpg)
Cause # 1 = Over-Speculation
• People who brought stocks on margin did so because they knew the price of the stock would go up
![Page 13: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/13.jpg)
Cause # 1 = Over-Speculation
• Over speculation became very popular and stock brokers and banks were lending out huge sums of money and this made the stock market and the economy very unstable
![Page 14: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/14.jpg)
Cause # 1 = Over-Speculation
• In 1929 the stock market crashed. The prices of stocks plummeted and barrowed money could not be paid back and many banks failed
![Page 15: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/15.jpg)
Cause # 1 = Over-Speculation
• Many American banks also paid unsafe loans to Europeans so they could pay off their debts from WWI
![Page 16: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/16.jpg)
Cause # 2 = Increasing Consumerism
• The Industrial Revolution caused the invention and mass production of many new products.
![Page 17: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/17.jpg)
Cause # 2 = Increasing Consumerism
• Following the gloomy period of WWI, people were more willing to spend money to enjoy life.
![Page 18: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/18.jpg)
Cause # 2 = Increasing Consumerism
• New advertising methods attracted consumers to buy products they might not want or need.
![Page 19: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/19.jpg)
![Page 20: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/20.jpg)
• Salesmen were willing to sell products on installment plans (pay some now, pay the rest later), which caused many consumers to over-spend.
Cause # 2 = Increasing Consumerism
=
![Page 21: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/21.jpg)
Cause # 3 = Failures of the Federal Reserve
• The Federal Reserve (The FED.) was established as a federal agency to control and regulate the nation’s banking system and the economy
• The Federal Reserve failed to prevent banks and stock brokers from lending out too much money during the 1920s
![Page 22: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/22.jpg)
Cause # 3 = Failures of the Federal Reserve
• This led to the failure and foreclosure of one forth of the banks in the US.
![Page 23: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/23.jpg)
Cause # 3 = Failures of the Federal Reserve
This also led to a severe contraction in the nation’s supply of money in circulation
![Page 24: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/24.jpg)
Cause # 4 = High Protective Tariffs
• Tariffs - taxes that are added to imported goods. They are designed to protect industries and businesses in the U.S.
TRADE
![Page 25: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/25.jpg)
Cause # 4 = High Protective Tariffs
• In response to the U.S. tariffs, the countries of Europe raised their own tariffs
![Page 26: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/26.jpg)
Cause # 4 = High Protective Tariffs
• Tariffs interfered with world trade because they destroyed foreign markets for American products
![Page 27: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/27.jpg)
• The Hawley Smoot Tariff was passed in 1930 and was one of the highest tariffs in U.S. history
• This tariff only made the Depression worse because countries could not help each other
Cause # 4 = High Protective Tariffs
![Page 28: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/28.jpg)
The Great Depression
![Page 29: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/29.jpg)
IMPACT OF THE GREAT DEPRESSION
![Page 30: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/30.jpg)
Black Monday
• October 28th, 1929
• A combination of factors prompt a record 16.4 million shares to be sold in one day.
• Over the next two days, the stock market was down by 25%.
• By July of 1932, the market was down 90%.
![Page 31: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/31.jpg)
The Stock Market Crash of 1929
• Many investors lost their life savings
![Page 32: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/32.jpg)
1) Bank Failures
• When the Stock Market crashed people rushed to the banks to withdraw money
• Because the banks loaned out so much money they could not pay everyone when they came to withdraw their money
![Page 33: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/33.jpg)
1) Bank Failures
• Much of the money was invested in people’s houses and businesses.
![Page 34: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/34.jpg)
1) Bank Failures
• Banks begin to foreclose on people’s mortgages to get the money back.
• “Foreclose” – when banks take people’s property when they can’t pay their debts.
![Page 35: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/35.jpg)
BANK FAILURES 1929-1933
![Page 36: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/36.jpg)
1) Bank Failures
• This caused thousands of banks to close and many Americans lost their life-savings
• The U.S. financial system collapsed because the Federal Reserve failed to regulate banks and the stock market
![Page 37: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/37.jpg)
2) Unemployment and Homelessness
• At the height of the Depression 25% of Americans were unemployed
![Page 38: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/38.jpg)
2) Unemployment and Homelessness
• The unemployed soon were unable to pay their rents and were evicted from their homes
![Page 39: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/39.jpg)
2) Unemployment and Homelessness
• Cities and towns throughout the country established soup kitchens and bread lines as local governments tried to feed the poor
![Page 40: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/40.jpg)
2) Unemployment and Homelessness
• The number of homeless multiplied and they began to move into makeshift towns made out of scrap wood and tin shelters
• (These were called Hoovervilles)
![Page 41: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/41.jpg)
![Page 42: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/42.jpg)
![Page 43: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/43.jpg)
![Page 44: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/44.jpg)
![Page 45: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/45.jpg)
![Page 46: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/46.jpg)
![Page 47: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/47.jpg)
![Page 48: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/48.jpg)
3) Political Unrest and Unions
• Drastic increases in poverty and unemployment led to the growing militancy and political unrest of labor unions during the 1930s
![Page 49: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/49.jpg)
3) Political Unrest and Unions
• Example – Support for the Communist and Socialist parties began to rise during the Depression
![Page 50: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/50.jpg)
3) Political Unrest and Unions
• Example – The Bonus Army – unemployed veterans of WWI protested outside the White House demanding that they should be paid their income “bonus” early
![Page 51: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/51.jpg)
3) Political Unrest and Unions
• President Hoover used the military to forcefully remove the Bonus Army protestors
![Page 52: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/52.jpg)
The Bonus Army
![Page 53: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/53.jpg)
4) Farm Foreclosures and Migration
• The Great Depression hit the farmers in rural America the worst
• (crop prices were actually lower than what it cost to transport them to market)
![Page 54: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/54.jpg)
4) Farm Foreclosures and Migration
• Many farmers destroyed crops in protest rather than sell them for such low prices
![Page 55: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/55.jpg)
4) Farm Foreclosures and Migration
• The banks foreclosed 10% of the nation’s farms and many farmers were forced to migrate
![Page 56: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/56.jpg)
4) Farm Foreclosures and Migration
• Many migrated to cities and coastal areas to seek other work
![Page 57: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/57.jpg)
5) The Dust Bowl
• In the mid 1930’s a horrible environmental disaster struck the farmers of the Great Plains
• During WWI American farmers began to over-farm the Plains
![Page 58: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/58.jpg)
5) The Dust Bowl
• The grasslands were now plowed instead of being filled with cattle herds
![Page 59: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/59.jpg)
5) The Dust Bowl
• When severe drought struck, the topsoil blew away as huge dust storms that filled the skies
![Page 60: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/60.jpg)
5) The Dust Bowl
• The farmers of the Dust Bowl left as migrants and many went to California to work
![Page 61: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/61.jpg)
![Page 62: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/62.jpg)
![Page 63: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/63.jpg)
![Page 64: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/64.jpg)
![Page 65: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/65.jpg)
![Page 66: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/66.jpg)
Class Puzzle
Each of you have received a piece
of the class puzzle when given the “go” begin to
complete your puzzle…
remember you want to beat the other
classes!
![Page 67: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/67.jpg)
Great Depression Journal Entry
Directions: Look at the pictures-select one picture and assume the role of someone in the picture. Write a diary entry about your life during the Great Depression.
![Page 68: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/68.jpg)
“Brother Can You Spare A Dime”
• http://www.npr.org/templates/story/story.php?storyId=96654742
• While song plays please write down a minimal of 5 references to things we have studied in regards to the Great Depression.
![Page 69: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/69.jpg)
The Election of 1932
Herbert Hoover VS. Franklin D. Roosevelt
![Page 70: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/70.jpg)
Herbert Hoover
1) Republican
2) Passed the Hawley Smoot Tariff
3) Hoover would not use the government to control big businesses (believed in Voluntary Control)
4) Hoover would not use the federal government to help the poor (believed in Voluntary Aid)
![Page 71: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/71.jpg)
Herbert Hoover
• President 1928-1930• The “Do Nothing
President”• Limited Reforms
– Construction of Boulder Dam
– Reconstruction Finance Corporation provided government loans to banks & large industries
• Reforms were ineffective because they were not comprehensive
![Page 72: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/72.jpg)
Franklin D. Roosevelt
1) Democrat
2) Rallied a frightened nation by saying “We have nothing to fear but fear itself.”
3) Believed in increasing the size and power of the federal government to regulate big business and the economy
4) Believed in using government funds to aid the poor
![Page 73: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/73.jpg)
Election of 1932•Republican:
Herbert Hoover
•Democrat: Franklin Delano
Roosevelt
•FDR won in a landslide with 472 to
59 electoral votes
![Page 74: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/74.jpg)
Franklin D. Roosevelt
• Franklin Roosevelt rallied the frightened nation by saying:
• “The only thing we have to fear is fear itself”
![Page 75: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/75.jpg)
FDR won by 7 million votes
![Page 76: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/76.jpg)
![Page 77: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/77.jpg)
Election of 1932• Franklin Delano Roosevelt
• “a New Deal for the American People”
• THREE GOALS:
–Relief
–Recovery
–Reform•Speech
![Page 78: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/78.jpg)
The New Deal• Bank Holiday – closed banks
• Government expected and allowed financially secure banks to reopen
• EFFECT: boosted American’s confidence in banks
• Government offered loans to those banks that needed help
![Page 79: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/79.jpg)
![Page 80: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/80.jpg)
Fireside Chats• PURPOSE: calm the fears of
American citizens• METHOD: FDR addressed the
nation using the radio• CONTENT: Explained in clear and
simple language how the New Deal programs were going to fix the economy
![Page 81: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/81.jpg)
![Page 82: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/82.jpg)
Relief Programs
• PURPOSE: help those in immediate need
• Alphabet Organizations
• Peopled referred to them by the letters of their titles
![Page 83: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/83.jpg)
Recovery Programs
• PURPOSE: bring the nation out of depression over time through long-term projects
![Page 84: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/84.jpg)
Reform Programs
• PURPOSE: make the necessary changes so another Great Depression does not occur
![Page 85: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/85.jpg)
Franklin Roosevelt’s “New Deal” • The New Deal = FDR created and
passed many new laws and social programs that were funded by the federal government to pull the country out of the Depression
ALPHABET SOUP – WALK AROUND
![Page 86: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/86.jpg)
A) Emergency Banking Act
• To help slow the banking crisis, FDR closed all banks in the U.S. for three days
• He gave banks federal funds so they could reopen
![Page 87: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/87.jpg)
B) Federal Deposit Insurance Corporation (FDIC)
• This law insured the money that people deposited in the banks
• FDR did this to restore public trust and confidence in the bank and to reform unsound banking laws
![Page 88: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/88.jpg)
C) The Works Progress Administration The Civilian Conservation Corps (CCC)
• These were government relief measures designed to provide direct payment to people for immediate government aid
• These programs did this by giving millions of unemployed men jobs
![Page 89: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/89.jpg)
C) The Works Progress Administration The Civilian Conservation Corps (CCC)
• They worked in national parks and other public works projects like dams and roads
![Page 90: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/90.jpg)
![Page 91: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/91.jpg)
The Civilian Conservation Corps (CCC)
• Responsible for the construction of many parks as well
• Skyline Drive
![Page 92: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/92.jpg)
Tennessee Valley Authority
• Built dams and power plants to provide electricity to rural areas.
![Page 93: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/93.jpg)
![Page 94: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/94.jpg)
DAM!
![Page 95: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/95.jpg)
D) Agricultural Adjustment Act (AAA)
• Over-Production of crops made prices drop very low
• FDR used federal funds to pay farmers to NOT produce crops
• This was a recovery program that was designed to bring the county out of depression over time
![Page 96: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/96.jpg)
E) Social Security Act
•This new program was designed to offer safeguards for workers
![Page 97: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/97.jpg)
E) Social Security Act
• Social Security is a system that taxes workers so it can repay them later in life to ensure that workers can retire
• Social Security also provided “Unemployment Insurance”
![Page 98: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/98.jpg)
Success of the New Deal
• New Deal programs did help provide relief to workers and they lessened the effects of the Depression
![Page 99: The 1920s The 1920s became known as the “Jazz Age” or “Roaring 20’s” Louis Armstrong](https://reader035.vdocuments.us/reader035/viewer/2022062314/56649ea35503460f94ba7b3f/html5/thumbnails/99.jpg)
Success of the New Deal
• The United States did not fully come out of the Depression until WWII
• (Wars have a tendency to do that)