Presentation on theme: "Whenever Richard Cory went down town, We people on the pavement looked at him: He was a gentleman from sole to crown, Clean favored, and imperially slim."— Presentation transcript:
Whenever Richard Cory went down town, We people on the pavement looked at him: He was a gentleman from sole to crown, Clean favored, and imperially slim. And he was always quietly arrayed, And he was always human when he talked; But still he fluttered pulses when he said, 'Good-morning,' and he glittered when he walked. And he was rich - yes, richer than a king - And admirably schooled in every grace: In fine, we thought that he was everything To make us wish that we were in his place. How does this fit the 1920’s? Have you ever wanted to trade lives with someone? Do you admire Mr. Cory?
So on we worked, and waited for the light, And went without the meat, and cursed the bread; And Richard Cory, one calm summer night, Went home and put a bullet through his head. How does this possibly represent the 1930’s?
Write about what this picture tells you about the 1930’s.
Explain dominoes and how it relates to yesterday’s activity. What was the domino effect after the 1929 Stock Market Crash?
The Stock Market Crashes Effects Causes Stocks on the rise Borrow money to buy Stocks start dropping Sell, sell, sell Can’t pay back loans Banks lose $ People withdraw money Banks run out of money and close Businesses lose savings Businesses close People lose jobs Can’t buy products
Crash – More people wanted to sell stocks, with little or no buyers Overproduction of goods *** Uneven distribution of wealth Buying on Margin Declining world trade
Products with no markets Bank Crisis Business Crisis Unemployment
He did not believe in providing direct relief to Americans Hoover flags = empty pockets RFC (Reconstruction Finance Corporation) – aid some businesses
List some economic signs to determine a coming “crash” and depression.
One thing that history teaches its students who will listen is that history repeats itself, and it dooms those who refuse to learn the lessons of history. There have been market crashes and bear markets before and there will be market crashes and bear markets in the future. Quite simply, it is just the cycle of things.
When you are done with the timeline, you will create skits to demonstrate the causes and effects of the Stock Market Crash.