Week+10

=** 202 Chapter 24: **= = = = 1933-1939 =

= Boom conditions in the 1920s =

The Florida land boom
 * Warm climate made it an attractive place for vacations and retirement
 * Land values rose
 * Two hurricanes devastated the Miami area in 1926,
 * Florida property prices collapse


 * Stock market **
 * ** I ** nvestment trusts and buying on margin
 * Respectable national figures encouraged participation.
 * The Wall Street crash of 1929 ended the fantasy.


 * American enters an economic depression **


 * Economists debate its causes.
 * American overproduction.
 * Unequal distribution of income.
 * American tariff policy,
 * International financial instability






 * The Depression led to mass unemployment and underemployment. **
 * Individuals more often blamed themselves
 * migratory workers and hobo communities

The Depression perpetuated itself. Drought conditions
 * Over-farming
 * "Okies"



President Hoover was forced to take the blame for the Depression.

Until then, his life had been an uninterrupted line of successes.


 * =** mining engineer. **=
 * =** evacuation of Americans **=
 * =** famine relief in Belgium **=
 * =** secretary of commerce **=

= =
 * =** Hoover and self-help and economic independence **=
 * =** Bonus Marchers, **=
 * =** “Hoovervilles”, **=

=** Anti-Depression measures **=


 * =** Public works projects, **=
 * =** Direct government-backed participation **=



= = = = = = = = = =



= = = = = = = = = = = = = = = = = = = = =** Franklin Roosevelt criticizes Hoover **=