Where are the Hoovervilles? US History 5th Grade | Children's American History

Baby Professor

Description

Hooverville was an excellent example of the extent of the Great Depression. It was a shanty town built by the homeless. If you know the facts about the Hoovervilles, you will begin to understand the Great Depression should never happen again. Along with this understanding will come a strong desire to participate in economic and political discussions starting your own home.

Informations

• Publié par: Speedy Publishing LLC
• Date de parution: 15 juin 2017
• Nombre de lectures: 0
• EAN13: 9781541923010
• Langue: English

Extrait

Where are the


Hoovervilles?


US History 5th Grade


Children’s American History




Speedy Publishing LLC
40 E. Main St. #1156
Newark, DE 19711
www.speedypublishing.com
Copyright © 2017
All Rights reserved. No part of this book may be reproduced or
used in any way or form or by any means whether electronic or
mechanical, this means that you cannot record or photocopy
any material ideas or tips that are provided in this book.





I n this book, we’re going to talk about the Hoovervilles during the Great Depression. So, let’s get right to it!




An unemployed man standing near his hut in a New York City shanty town during the Great Depression.










T he “Roaring Twenties” were a period of ten years of peace and prosperity for the American people. Despite Prohibition, many people were having a good time and earning enough money to at least survive if not thrive. Even though the flow of alcohol was restricted, the flow of money wasn’t.


Couple dancing on the dance floor


HERBERT HOOVER AND THE
GREAT DEPRESSION








T he economy had grown by a factor of more than 6, from 60 to 400 as measured by the Dow Jones Industrial Average. People were investing in stocks in record numbers. Some people had even mortgaged their homes and borrowed money from the stockbrokers in order to buy more stocks.


A man addressing the commitee dramatically.





No one thought that the economy was weak or ready to fail. Most investors had no clue what they were buying and didn’t realize that stocks were selling at prices that were higher than their true value.







P resident Herbert Hoover was elected in 1928 in a landslide. He had won 40 of the 48 states against the Democratic candidate Al Smith. Hoover took office in 1929 and the economy was slowing a little, but no one thought it was anything to worry about.


Herbert Hoover