out of their jobs‚ and left to starve on the streets. Many were forced to simplify their wardrobes‚ problems in the education systems arose‚ and the banking system was destroyed. People turned to the government to help them out of their problems. Hoover and FDR worked to pass relief acts that would boost the American economy. Even though the Depression began with the stock market crash in 1929‚ schools were not affected until 1932. Thousands of people were fired from their jobs or had lower incomes
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they would be able to pay back the loans. By the end of the decade the stock market had become a major influence on the economy. Investors were being richly rewarded as stock prices increased‚ which caused some observers‚ including President Herbert Hoover (1874-1964)‚ to worry about "speculation"—when overly optimistic investors buy stocks rashly‚ driving their prices higher than their actual value. One reason for the concern was the common practice‚ by both individuals and companies‚ of buying
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John Edgar Hoover 1895-1972 Background Born on New Years Day 1895 in Washington DC Parents Anne Marie and Dickerson Naylor Hoover Snr “Mother was the dominant influence in his life” Phillips His birth certificate was not filed until he was 43 Competed in debate team (against women voting and the abolition of death penalty) Nicknamed speed (stutter) and was applauded by his cool and relentless logic Father suffered from mental illness and was institutionalised “Instead of sympathising…wasn’t
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The Great Depression was only an economic problem‚ which could have been resolved by giving more money to consumers to spend and boost the economy again. However President Hoover believed that the problem was entirely at the businesses and banks fault and that they could fix their problems themselves‚ but he was wrong. Hoover simply ignored the problem and businesses did not fix the problem‚ so it only got worse. People had no jobs or money and they were unable to bring the economy back to its feet
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unregulated and uninsured. The government offered no insurance or compensation for the unemployed‚ so when people stopped earning‚ they stopped spending. An ordinary recession became the Great Depression‚ the defining event of the 1930s.President Herbert Hoover was slow to respond to these events. Though he believed that the “crazy and dangerous” behavior of Wall Street speculators had contributed in a large way to the crisis‚ he also believed that solving such problems was not really the federal government’s
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Roosevelt’s New Deal Versus Hoover’s Societal Vacuum Hoover and Roosevelt had very different ideas on how the Depression should be handled. This was almost entirely a result of two integral differences in their schemas; Hoover was a Republican‚ and had basically worked his way through life‚ while Roosevelt was a Democrat‚ and had been born with the proverbial silver spoon in his mouth. As one can easily see‚ in many ways these two are complete opposites; in fact‚ if one looks at both their upbringing
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Vivian Opoku Route 66 is the area where diners and gas stations are normally located and one of the diners around the area is owned by Mae and Al. A man enters the diner and wants to buy products for cheap prices and at first they refuse to accept and finally realized that they will compromise and give him the items for less. This era was the Great Depression and everyone was dealing with hard times with poverty and low employment. Families were trying
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Eduardo Alfaro March 19‚ 13 Block E The Great Depression and the New Deal * For the election of 1932‚ republicans chose Herbert Hoover as candidate. Democrats chose Franklin Delano Roosevelt. * FDR was in a wheelchair. Her wife was to become the most active First Lady in history. Ex. Influenced the policies of the national Gov.‚ battled for impoverished and oppressed. In addition‚ Roosevelt’s oral skills made him the “premier orator of his generation”. * Democratic Roosevelt attacked
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1. The Red Scare‚ the fear of communism‚ spread quickly when the revolution in Russia happened. Vladimir L. Lenin took over conquering with the Red Army and created the Soviet Union. When communism took over the U.S.S.R‚ some Americans were frightened while others began to form Communist Parties within the U.S. As the Communist parties grew violent‚ in 1919‚ a plan was created in which bombs were mailed to government officials. One of the attacked‚ A. Mitchell Palmer‚ became a main advocate against
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John Haralampoudis Mr. Holzer 5/13/09 History The Great Depression DBQ After Black Tuesday the U.S went into an economic crisis known as the Great Depression. During the depression the poltical‚ economic‚ and social institutions in the U.S were in bad conditions. The government‚ various groups and individuals sought ways
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