PPT-FDR v. Hoover Aim: How did Herbert Hoover’s plan to solve the problems of the Great

Hoovers Response Fails At first Hoover felt that government should not interfere Laissez Faire Economics Thought of this as a downswing of the business cycle Asked for volunteerism For business leaders not to cut prices and wages. Discuss how Hoover’s initial conservative response to the depression failed.. Explain the changes in the President’s policies as the crisis continued.. Describe how Americans reacted to Hoover’s relief programs. . 1928-1932. Section 1. Causes of the Depression. Prosperity Hides Troubles. Optimism Sweeps Hoover to Victory. In the 1920’s the U.S. economy was booming. Herbert Hoover . – an accomplished public servant – to run for the White House. America Between the Wars. part . 2. The Great Depression. stock . market. the place where shares of companies are bought and sold. .. Stock = shares in a company. . inflation. . when prices go up and the general purchasing power of a dollar goes down. . Differences in Policy. Hoover Disconnected?. Oct 25, 1929- . Hoover claims the foundation of nations industry is strong.. Oct 29, 1929- . Stock Market Crashed. March 30, 1930- . Hoover, “. the worst effects of the Crash will pass in 60 days.”. After becoming president, Franklin Delano Roosevelt uses government programs to combat the Depression.. LEARNING GOAL. I will learn what programs FDR instituted to combat the Depression.. Americans Get a New Deal. .. Warm-up . The Great Depression. 8.E.1.1 . Explain how conflict, cooperation, and competition influenced periods of economic growth and decline.. 8.H.2.1 . Explain the impact of economic, political, social, and military conflicts on the development of North Carolina and the United States.. Effects of the . New . Deal. The Depression of . 1937-1938. An Anemic Recovery: 1938-1940. WWII & Great Depression of 1946. ECO 473 – Money & Banking – Dr. D. Foster. Myth vs. Reality of the Great Depression. Chapter 17, Section 3. Cautious Response to Depression Fails. When Americans looked to Hoover to solve the crisis of the Great Depression, he did not immediately jump into action. . In the beginning, Hoover adopted a hands-off policy because he felt the economic cycle would correct itself. . Introduction. Three Republican presidents- Warren G. Harding, Calvin Coolidge, and Herbert Hoover- steered the nation on the roller-coaster ride of the 1920s, a thrilling ascent from the depths of post-World War I recession to breathtaking heights of prosperity, followed by a terrifying crash into the Great Depression.. 1929-1939. http://www.youtube.com/watch?v=gplaqa2yRgg. Stock market. Bull market 1920’s----Dow Jones 1924=180, 1929=381 1932=41. Buying on Margin…..5%. Banks and businesses financed brokers who facilitated risky buys. Standards. SSUSH17 The student will analyze the causes and consequences of the Great Depression. . a. Describe the causes, including overproduction, . underconsumption. , and stock market speculation that led to the stock market crash of 1929 and the Great Depression. . Early Months of Hoover Administration . Elected in 1929. Hoover was a millionaire and claimed that “anyone not only can be rich, but . ought. to be rich”. Warned of the dangers of a large and activist federal government, but also criticized the self-serving greed of large corporations.. New Deal Agencies Hoover V. Roosevelt Finish the questions on the back of the worksheet from last time! Response: Hoover v. Roosevelt Hoover opposed the idea of using the government to provide welfare. The Great Depression hits. Hoover elected President in 1928. “predicts the end of poverty”. Warning signs of Depression. Buying stock on . Speculation. Buying on Margin. Stock prices are inflated.