Quiz 1 Tuesday us History
In the election of 1928 Herbert Hoover defeated Alfred Smith with the promise of a “chicken in every pot and a car in every garage”
Smith was the first catholic to run for president.
Some facts about Hoover, he was raised as an orphan, his parents died he served as the head of the food administration, secretary of commerce.
The twenties were a time of great prosperity and people could easity get loans, which led people going into debt. This will lead to what becomes known as the great depression, lasting from 1929-1940. People got involved in risky investments and speculation, a chance to make a quick profit.
All of these things will lead to the stock market crash on October 24th and October 29th 1929 on known as black Tuesday. More than $30 billion was lost on the NYSE (New York Stock Exchange).
This led to banks closing, major rush on banks, people lost all of their savings, businesses closed trade was hurt, people lost their jobs. Europe was hit hard, people killed themselves, soup kitchens and food lines were heavily dependend on and shelters were built.
The worst 2 years were from 1932-1933
More than 13 million people were out of work, roughly 25% of the population.
Out west because of weather conditions and severe drought it was called the dust bowl.
Many tried to move America close to socialism. John Steinback wrote the book “Grapes of wealth” showing the difficulties of life at this time.
Margaret Mitchell wrote the play “Our Town”
Irving Berlin wrote the song “God bless America”
Sung famously by Kate Smith.
Pearl Buck wrote “Good Earth”. A famous movie of the day was the Wizard of Oz.
Walt Disney introduced the most famous mouse, Mickey Mouse as a cartoon.
Hoover did little to help Americans because he believed that the people had too much pride to accept help.
Later a famous dam in Nevada would be called the Hoover Dam providing for lake Mead.
The Hawley Smoot Tariff was the highest tariff in American peacetime, Supposed to protect American industry and jobs.
American trade was cut in half, increasing prices.
Because of the depression the US called for a 1 year moratorium on war debts.
In the election of 1932 everyone blamed Hoover for the Depression so they elected Franklin Delano Roosevelt.
His plan was called the new deal.
he has been struck with polio and was later paralyzed.
He spent a lot of his time at the warm springs GA.
His house was called The little white house. He had served as Governor of New York.