standard 17 - administration · consequences of the great depression. a . these factors - uneven...
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Standard 17
The student will analyze the causes and
consequences of the Great Depression.
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A
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These factors - uneven wealth,
rising debt, stock speculation,
overproduction, and the
hardships of farmers and
workers - clearly signaled
trouble in the economy
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Uneven Prosperity
It was mainly the rich
who got richer with
the stock market.
Only a small
population held most
of the nation’s wealth
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Buying on Credit
Another sign of danger
was an increase in
personal debt.
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Playing the Stock Market
Because of the rapid rise of the stock market, speculation became very popular.
Speculation — making high-risk investments in hopes of getting a high gain.
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Overspeculation
During the 1920s,
speculators bought stocks
with borrowed money, then
pledged those stocks as
collateral to buy more
stocks.
The stock market boom
was based on borrowed
money and optimism
instead of real value.
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Too Many Goods, Too Little Demand
By the late 1920s, the country’s warehouses held
piles of unbought consumers goods
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Trouble for Farmers
Falling farm prices
made farmers unable to
repay their debts for
land and machinery.
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Trouble for Workers
Industrial workers
were still making very
little money for the
long number of hours
that they were
working.
Ex.: Women worked
56-hour weeks,
earning 16 to 18 cents
an hour.
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The Stock Market Crashes: Black Tuesday
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B
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The Dust Bowl
It was a region in the
Great Plains where
drought and dust
storms took place for
much of the 1930s.
It devastated the farms
and economies of the
Midwest.
Caused by over
farming and drought.
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The Dust Bowl
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Dust Bowl Video
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Hoovervilles
Hoovervilles were
shanty towns, with
shacks of tar paper,
cardboard, or scrap
metal.
The name mocked
President Hoover,
whom many people
blamed for the
depression.
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The Great Depression
Migrant Mother
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She told me her age, that she was 32. She
said that they had been living on frozen
vegetables from the surrounding fields, and
birds that the children killed. She had just
sold the tires from her car to buy food. There
she sat in that lean-to tent with her children
huddled around her, and seem to know that
my pictures might help her, and so she helped
me. There was a sort of equality about it.
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Florence Thompson Says years
later…. “I didn’t get anything out of it. I wish she
hadn’t of taken my picture.… She didn’t ask
my name. She said she wouldn’t sell the
pictures. She said she’d send me a copy. She
never did.” Admitting some pride in being the
subject of a famous photograph, she
concluded, “But what good’s it doing me?”
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Intense Drought
Contributed to
the
Dust Bowl
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Hard Times for
Everyone
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Be prepared to answer the
following questions….
How did the Great Depression affect their childhood?
Where were they from? How was their area affected by the Depression?
What did they do for entertainment?
How did living through the Great Depression continue to affect them?