The Great Depression

SS 10

Ms. Rebecca

Before we start, let’s write about The Grapes of Wrath Take out a piece of paper. Write one full page about how you think your life would be different if you were one of the

children traveling to California in the movie. If I lived like the kids in this movie, my life would be very different. For example,

now I like to talk to my friends on my cell phone. If I was one of the kids in this movie I wouldn’t have a cell phone because they were invented yet and I wouldn’t be able to talk to my friends because I would have to leave home. I would have to write letters to my friends if I wanted to communicate with them. Unless they were homeless too. Then I would have no address to send a letter to!

Things you can write about: School What would you do for fun? What would you eat? How would you get clean? How would you feel about leaving your friends? Who would you talk to? What would it be like to pick fruit all day? How would you feel when you first leave your home? How would you feel many months after you first leave home? How would you feel about your future?

I. What was life like in the U.S. after WWI? Good times!

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A. Forget Problems of War

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a. How?

i. Radio

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ii. Go to the Movies

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Watch Baseball!

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Drive cars!

B. More progress after the War for: WOMEN!

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a. Women gain new rights

i. Right to Vote

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ii. Women leave home to work

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iii. Women go to college!

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C. More After the War: Business was booming!a. The Economy was

really good.

War actually helped the U.S. economy

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i. U.S. made money by trading goods during the War. U.S. produced many

goods like food, weapons, clothes etc to sell during the War. Everyone needs more things during war.

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II. How did the good times end? A. Too many goods were produced after the

war. a. People were used to producing in large

numbers during the war while industry was growing.

i. But people just didn’t need as much stuff. So companies had to lower prices to get consumers to buy things.

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ii. Companies didn’t make as much money

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Do Now:

What was life like in America after WWI? Why did this change at the end of the

“Roaring Twenties”?

c. Investors

Ordinary people could buy parts of a company: stocks

The goal was to buy stocks for low prices and once the value of a company increased because they sold a lot, stockowners would sell their stocks for more money than they bought it. They made a profit.

i. Problem: When companies LOST money, so did

investors. So when companies lost money from overproduction, so did their stock owners.

B. The Crash!

When prices all came down very quickly in the stock market, it was called the Stock Market Crash

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a. The value of entire companies went down

b. Stock owners (investors) freaked out

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c. Stock owners (investors) tried to sell all of their stocks at once so they didn’t keep losing money

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d. And because everyone was selling and no one was buying……. The prices of all stocks came CRASHING

down.

Do Now:

What is a stock? Why do people want to buy stocks? Why do people want to sell stocks? What happened when many people sold their

stocks at the same time?

C. The Dust Bowl

To make it even worse, there were very bad droughts at the same time. Crops died, and there wasn’t enough to sell so farmers lost their land and there weren’t enough fruits and vegetables for people to eat.

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Story time!

Now you will hear a story about life during the Dust Bowl as read by Ms. Rebecca!

III. Effects of the Crash on people A. People lost

EVERYTHING.

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a. Some people had bought stocks on interest or borrowed money They couldn’t afford to

pay it back. So they had to sell their homes and other things and were forced to live on the streets.

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c. Workers lost their jobs

Because businesses couldn’t afford to pay workers.

i. Many people were now unemployed.

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d. Effects felt around the world Because no one could

trade with the U.S. The U.S. couldn’t afford to buy or sell things overseas.

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IV. How do you fix these problems? A. Make people happy

again! People need to be happy to buy things, put money into the economy, and fix the problems of the Great Depression!

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a. How do you make people happy?

Give them a New Deal!

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The New Deal: President Franklin Roosevelt’s plan of programs to help fix the problems of the Great Depression.

i. Get people jobs

new jobs, (national parks created so needed new workers paid by government money)

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ii. Made it so the government helped people more With food stamps Welfare for

unemployed New rules about

investing in the market to prevent future depressions.

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B. The thing that fixed the Great Depression….. a. The New Deal helped some people by

getting people jobs and helping them to get off the street.

b. But the REAL end of the Great Depression came with the start of WORLD WAR II. Why do you think that WWII would help the U.S. economy?

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Great Depression Review!

- Answer the following questions to be turned in before the end of class:

- 1. What was life like BEFORE the Great Depression?

- 2. Why did the Stock Market Crash? List at least 3 main causes for the crash.

- 3. How did people try to fix the Great Depression? And What was the final thing that fixed the Great Depression?

Reading Questions!

Yeah!

1.What was like before the Great Depression? People were happy! Life was good

2. Why did the stock market crash? 1. People thought that the values of companies would keep rising so they bought stocks EVEN

WHEN THEY DIDN’T have enough money to buy. HOW did they buy?: Borrowed money that they had to pay back with interest (extra money in addition to the money they borrowed)

2. HOW did people buy?: Credit Borrowed money that they had to pay back with interest (extra money in addition to the money they borrowed)

3. Stock Prices at unrealistic levels Stock prices kept rising because people were buying stocks even when they didn’t have enough money to

do so. SO it LOOKED like the value of companies was increasing because people were buying stocks. BUT they were buying on credit so it wasn’t real money.

4. Consumer Spending Decreased: People no longer had money to buy anything. 5. Struggling Businesses: Businesses lost money and had to close so they were worthless.

3. How did people try to fix the Great Depression? -New Deal- government programs- get money to the people so they can buy things and get money into

the economy -WWII was the final thing that ended the Great Depression.

Homework:

Make picture notecards of the following terms: The Stock Market Crash The Dust Bowl Stocks Profit Investor Interest Unemployment The New Deal