great depression cont'd

Multiple Choice

The Great Depression occurred from . . .

• 1898-1907

• 1914-1918

• 1929-1940

• 1946-1954

Multiple Choice

What happened on October 29, 1929 that signaled the start of the Great Depression?

• President Hoover resigned.

• The stock market crashed.

• The U.S. announced a closure of all banks.

• War bonds were invalidated.

​Great Depression 1929

• ​During the 1920s, people thought they could make millions by investing in the stock market.

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• ​When the stock market crashed, millions of people lost all their savings and investments. People were unable to buy products, which forced many businesses to close. With businesses closed, people lost jobs and were unable to find work.

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• ​People demanded cash be taken out of their banks. Too many people demanded their money and banks closed. When the banks closed, people's savings were wiped out.

Multiple Choice

What was an effect of the stock market crash?

• Banks became the preferred means of investment.

• The government stepped in to stop people from losing everything.

• Investors were able to make massive profits.

• Millions of people's savings and investments were lost.

Open Ended

How did the stock market crash lead to unemployment?

Multiple Choice

True/False: When the banks closed, people lost their money that was in the bank.

• True

• False

​Government Response

• Believed that the government should help businesses and banks recover but not the people.

• Believed that people needed to "help themselves" and that the government was not a charity. Said that the economy would eventually fix itself.

• Homeless villages were nicknamed "Hoovervilles" to blame Hoover for doing nothing.

Multiple Choice

Which best describes Hoover's response to the Great Depression?

• The government should not help people. It would work itself out.

• The government has a responsibility to support the people suffering.

• The government is at fault for the stock market crash.

• The government should provide stimulus checks to support people unable to work.

Multiple Choice

Which best describes Hoover's belief about government intervention in the economy?

• It is important for people to become dependent on the government.

• People should expect the government to fix their problems.

• People need to learn to help themselves.

• Government intervention would help economic recovery.

​Image 1: Hoovervilles

​Image 1: Migrant Mother

​Image 3: Highest standard of living

Open Ended

Describe one of the images from the previous slides. Analyze what this image tells us about life during the Great Depression.