Title: Causes of the Great Depression

Date: October 16, 2014

Write down the Topical Essential Question.

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

CAUSES OF THE GREAT

DEPRESSION

HIGH TARIFFS AND WAR

DEBTS

OVER PRODUCTION

UNEQUAL

DISTRIBUTION OF WEALTH

AGRICULTURE

Financial Irresponsibility:

Credit and Installment plans

STOCK MARKET CRASH AND FINANCIAL PANIC

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

CFU: What factors contributed to the Stock Market Crash of 1929?

The irresponsible spending through installment plans and credit led to increase in sales, but limited profit.

This contributed to all of the following: Inflated stock prices and over-speculation

Businesses to close

Increased Unemployment

Stock Market Crash

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

Despite the overarching superficial prosperity of the 1920s, many did benefit of the economic success.

The majority of these individuals were major

corporation stock holders and big business owners. The top 1-2% of society saw significant increases in

income

The remainder of the population only saw a small increase in income

Draw a Connection: Do you feel that there is an unequal distribution of wealth today? Justify your response.

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

Analyze this chart: Based upon this chart, how do you think the prices of crops were impacted after World War I?

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

Agri. depression in early 1920's contributed to an urban migration

U.S. farmers lost agri. markets in postwar Europe

Farmers could not pay mortgages and lost

their farms However this caused farmers to move to cities,

work in factories and contribute to the consumer craze.

The economic downturn began with the

increased unemployment of farm workers and decrease in raw materials for mass production

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

There were a number of immediate impacts of the Great Depression

These include:

▪ Decreased Consumer Spending

▪ Shantytowns

▪ Media Coverage

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

0-5: Consumer Spending? The consumerism of the 1920s dropped as a

result of the high unemployment rate.

This further impacted businesses, as their sales/profits decreased

Led to further business failure and unemployment

Critical Thinking: What are 3 things you expect people to continue to buy? What are 2 things people would give up?

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

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FOOD HOUSING CLOTHING AUTO MEDICAL

1929

1933

Effect of the Depression on consumer spending 1929-1933 in billions of dollars

Hypothesize: Why do you think consumer spending decreased so much during this time? Justify.

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

Just before the Stock Market crash, Republican President Herbert Hoover is quoted saying:

“We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us.” 1928

Evaluate this quote: Do you

think Hoover had a good understanding of the economy during the 1920s? Justify your response with 2 reasons.

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

0-5: Shantytown? little towns consisting of

shacks made from spare parts of buildings and scraps.

Sprang up in the middle of

cities across the US

Consisted of families and individuals who were unemployed

Became known as Hoovervilles named after Hoover, since people largely blamed him for the Depression.

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?

As if matters weren’t bad enough, the media fueled the panic

Newspapers and radios consistently updated people on the ailing economy, further scaring people from spending their money

This then caused the economy to decline further, leading to more problems

Critical Thinking: Does the media continue to do this today? Give one example to justify your response.

(1.2.f) SWBAT identify & analyze the causes of the Great Depress. and the immediate impacts it had on American society. DOL: Given an exit card (80% accuracy) SW – 1. Answer 3 MC questions 2. Write a SEEC paragraph on the following topic: Causes of the Great Depression T-EQ: What impact can economic problems have on a nation? O-EQ: What social, political, and economic changes took place in America during the decade of the 1930s? economically?