march 31, 2014

March 31, 2014No Bellringer Today

Turn in Last Week’s Bellringers to the Bin!

Student Learning Map

Student Learning Map

Essential Question1. What caused the most

severe economic crisis in

American history?

2. How did the federal

government respond to

the economic collapse

that began in 1929?

Vocabulary

• Black Tuesday• Stock Market Crash• Overproduction• Underconsumption

Tim &

Moby!

NotesCrash &

Depression

The Market Crashes

• Market crash in Oct. 1929 happened quickly• Sept. 1929: Dow Jones Industrial Average

reached an all time high– Dow Jones: Average of all stock prices of major

industries• Oct. 23/24, 1929: Dow Jones plummeted,

caused a panic

The Market Crashes

• Black Tuesday (Oct. 29, 1929): most people sold their stocks, tremendous loss

• Called the Great Crash, total losses = $30 billion

Great Crash Investor

s Businesses and Workers

Investors lose millions.

Businesses lose profits.

Consumer spending drops.

Workers are laid off.

Businesses cut investment and production. Some fail.

BanksBusinesses and workers cannot repay bank loans.

Savings accounts are wiped out.

Bank runs occur.

Banks run out of money and fail.

World Payments

Overall U.S. production plummets.

U.S. investors have little or no money to invest.

U.S. investments in Germany decline.

German war payments to Allies fall off.

Europeans cannot afford American goods.

Allies cannot pay debts to United States.

Great Crash Investors

Investors lose millions.

Businesses lose profits.

Great Crash Investors

Businesses and Workers

Investors lose millions.

Businesses lose profits.

Consumer spending drops.

Workers are laid off.

Businesses cut investment and production Some fail.

BanksBusinesses and workers cannot repay bank loans.

Savings accounts are wiped out.

Bank runs occur.

Banks run out of money and fail.

World Payments

Overall U.S. production plummets.

U.S. investors have little or no money to invest.

U.S. investments in Germany decline.

German war payments to Allies fall off.

Europeans cannot afford American goods.

Allies cannot pay debts to United States.

Great Crash Investors

Businesses and Workers

Investors lose millions.

Businesses lose profits.

Consumer spending drops.

Workers are laid off.

Businesses cut investment and production Some fail.

BanksBusinesses and workers cannot repay bank loans.

Savings accounts are wiped out.

Bank runs occur.

Banks run out of money and fail.

World Payments

Overall U.S. production plummets.

U.S. investors have little or no money to invest.

U.S. investments in Germany decline.

German war payments to Allies fall off.

Europeans cannot afford American goods.

Allies cannot pay debts to United States.

Great Crash Investors

Businesses and Workers

Investors lose millions.

Businesses lose profits.

Consumer spending drops.

Workers are laid off.

Businesses cut investment and production Some fail.

BanksBusinesses and workers cannot repay bank loans.

Savings accounts are wiped out.

Bank runs occur.

Banks run out of money and fail.

World Payments

Overall U.S. production plummets.

U.S. investors have little or no money to invest.

U.S. investments in Germany decline.

German war payments to Allies fall off.

Europeans cannot afford American goods.

Allies cannot pay debts to United States.

Effects of the Great Crash, 1929

The Great Depression

• Economic contraction triggered the most

severe downturn in US history

• GD lasted from 1929 until 1941

• Stock market crash was not the only cause of

the GD

Causes of the Great Depression

• Unstable Economy

–Prosperous economy of the 1920s lacked a firm

base

–Nation’s wealth was unevenly distributed

– Industry produced more goods than consumers

wanted

Causes of the Great Depression

• Overspeculation

– Speculators bought stocks with borrowed

money

• Then pledged those stocks as collateral to

buy more stocks

– Stock market boom was based on borrowed

money

Causes of the Great Depression

• Government Policies

– 1920s: Federal Reserve System cut interest rates

to aid economic growth

– 1929: Limited the money supply to discourage

lending

– Caused there to be too little money in circulation

to help the economy after the stock market crash

Reading Notes 30

Cinderella Man

Bellringer --- You Don’t Have to Write It!

March 26, 2013

Think about it…

What behaviors of the 1920s lead to the Great

Depression?

Grab your book.

Student Learning Map

Student Learning Map

Essential Question

How did the federal

government respond

to the economic

collapse that began

in 1929?

America: The Story

of UsBUST

Reading Notes

31

Bellringer April 1, 2014

How do you think the Great Depression

affected the American public?

No Book Today!

Student Learning Map

Student Learning Map

Essential QuestionHow did

ordinary

Americans

endure the

hardships of the

Great

Depression?

Vocabulary

Hoovervilles Dust Bowl Breadline Soup Kitchen

Vocabulary• Black Tuesday: October 29, 1929, the worst day of

plunging stock market prices during the stock market crash that helped initiate the Great Depression

• Stock Market Crash: in October 1929, the period of plunging stock market prices that helped initiate the Great Depression

• Overproduction: a situation in which more good are being produced than people can afford to buy

• Underconsumption: a situation in which people are purchasing fewer goods than the economy is producing

Vocabulary• Hoovervilles: during the Great Depression, a

shantytown of makeshift dwellings• Breadlines: a line of needy people waiting for

handouts of free food• Soup Kitchens: a place that serves free meals to

the needy• Dust Bowl: an area of the Great Plains of the

United States that suffered severely from wind erosion during the 1930s

Social Effects of the Great Depression

Poverty Spreads• All levels of society faced hardships during the Great

Depression.

• Unemployed laborers, unable to pay their rent,

became homeless.

• Sometimes the homeless built shacks of tar paper or

scrap material.

– Hoovervilles: shanty town settlements named for

President Hoover

Dust Bowl

• Farm families suffered from low crop prices.

• Dust storms ravaged the central/southern

Great Plains region

Dust Bowl– Result of drought and farming practices that removed

the protective prairie grasses

– Area was stripped of its natural soil

– Reduced to dust

– Became known as the Dust Bowl

• Combination of the terrible weather and low prices

caused about 60% of Dust Bowl families to lose their

farms.

Poverty Strains SocietyImpact on

Health

Some people starved and thousands went hungry. Children suffered long-term effects from poor diet and inadequate medical care.

Stresses on Families

Living conditions declined as families crowded into small houses or apartments.Men felt like failures because they couldn’t provide for their families.Working women were accused of taking jobs away from men.

Discrimination Increases

Competition for jobs produced a rise in hostilities against African Americans, Hispanics, and Asian Americans.Lynchings increased.Aid programs discriminated against African Americans.

Cinderella Man

Cinderella ManCharacters to Watch

Jimmy Braddock Mae Braddock

Joe Gould

FYI: This is why we don’t eat in Ms. Murray’s class!