Great Depression
Causes of Great Depression
Overproduction
Speculation
Buying on the margin
Farms Decline
High Tariffs American
Stock Market Crash
People's money lost
1920's consumers could not buy products
Stocks bought for lower prices
Loans promised to be paid later
No food needed from Europe
Protective tarrifs helped American
Black Thursday and Black Tuesday
Banks became failure
People's jobs lost
No safety nets
National nightmare
Homeless and hungry people
American Dreams Shattered
The Dust Bowl
Black Sunday
Herbert Hoover - 31st President
"This too shall pass"
Individualism
Cut taxes and established the Reconstruction Finance Corp
Frustration due to Hoover's lack of leadership
13 million people unemployed
Hoover Roast
Hoover Flag
Hoovervilles