Age of Excess 20th Century by Josh Brooman

By Josh Brooman

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Many people who had voted for Hoover in 1928 now said 'In Hoover we trusted, now we are busted'. They used his name in ways that showed they blamed him for the Depression. 'Hoovervilles' was the name they gave to shanty towns made of rubbish where homeless, out-of-work people lived. 'Hoover Stew' was the soup given out by the charity kitchens. Hoover did take some steps to improve the American economy. In 1930 he cut taxes by $130 million. In 1 931 he put money into building river dams such as the Hoover Dam.

There was also a rumour that the army was having to guard the Stock Exchange against an angry mob of ruined shareholders. Wall Street after the crash . Anxious crowds have gathered outside the Stock Exchange, 29 October 1 92 9, trying to find out what has happened to the value of their shares New York, October 1 92 9 . A ruined shareholder tries to raise some cash quickly The Stock Market did not recover from this. Share prices kept on dropping until they reached rock bottom in November 1929, as this table shows: The final crash Over the following weekend something happened which made another big fall in share prices certain.

D. Look at the photograph opposite. Bearing in mind that millions of women as well as men were unemployed in 1932, why do you think that only men are queuing up in this breadline? E. Finish your work on America 1920-32 by making revision notes on the Great Depression. There is a revision guide on the next page to help you. 31 Revision guide These note headings and sub-headings are a guide to organising your notes . They are not a complete set of notes to be copied . They follow straight on from the notes you have already made on America.

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