HERBERT HOOVER

and the Great Depression

October
29
th

1929
Black
Tuesday
Stock
Market
looses 70%
of its value.
*Conservative
* Rugged Individualism
*Soup Kitchens *Bread Lines
* Hoovervilles
Hoover was a
Hoover believed in
Hoover thought
Runs on Banks
*The Bonus Army
*Okies / Arkies
* The Dust Bowl
Too little, too late.
Reconstruction Finance Corporation-
$2 Billion government program to
assist banks, insurance companies,
and rail roads.

Trickle Down Theory By assisting
big business those benefits will flow
down to the average person.

Too little, too late.
Reconstruction Finance Corporation-
$2 billion government program to
assist banks, insurance companies,
and rail roads.

Trickle Down Theory By assisting
big business those benefits will flow
down to the average person.

Unemployment skyrockets and
Soup Kitchens appear.
Runs on the banks occurs when a large number
of bank customers withdraw their deposits
because they believe the bank is, or might become,
insolvent.
1932- World War One veterans march
on Washington demanding a bonus due in
1945.
The Dust Bowl
One who opposes government
involvement in the economy and
a federal welfare system.
The Depression was just a temporary
dip in the business cycle
and that the economy would improve
eventually on its own.
Shanty Towns filled with people
who lose their homes appear around large
US cities.
The Bonus Army camp burns.
Okies and Arkies- Migrant farm workers
who lost their farms to the Dust Bowl
and traveled west on Route 66 looking for work