Warm Up On a separate piece of paper, answer the following questions and turn them into the bin. Use your notes from the past two days! 1. Why were the 1920s a decade of prosperity? 2. Why were the 1920s a decade of change?

Yee Haw! Game Directions 1. Each person starts with 5 points. 2. Before each round, you will decide to either: ◦Hold Tight: keep what you have ◦Play it Safe: potential for modest gains ◦Go For the Gold: potential for amazing gains 3. Your choice must be made before the die is rolled. You must mark your choice on your sheet. 4. After the die is rolled, determine how many points you earned in that round. If you “Go for the Gold!,” points earned are determined by the number rolled. The higher the roll, the greater the number of points. 5. After each round, compute and enter your point total in the “Running Total” column.

Practice Round Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round 2 Round 3 Round 4 Round 5 Round 6

Round 1 Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round 2 Round 3 Round 4 Round 5 Round 6

Round 2 Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round Round 3 Round 4 Round 5 Round 6

Round 3 Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round Round Round 4 Round 5 Round 6

Round 4 For the remaining rounds, you will have the opportunity to purchase Bonanza chips. One Bonanza chip costs 10% of the total points you have and will double the points you earn in each subsequent round. Two chips cost 20% of your total points and will triple the results. If you want to purchase chips, calculate 10% or 20% of your total points and purchase one or two Bonanza Chips. Make sure to deduct the cost from the “Running Total” column of your scoring sheet.

Round 4 Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round Round Round Round 5 Round 6

Round 5 Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round Round Round Round Round 6

Before I roll the die, decide which scoring option you will be choosing and check the box on your scoring sheet to indicate that option. Go for the Gold! Hold Tight Play it Safe Round Round Round Round Round Round

Reflect Which of the three game options produced the worst results in the end? How many people decided to “Go for the Gold!” sometime during the game? Why did some people make other choices? Can you think of any time in history when something like this happened?

Stock Market Crash! WHAT CAUSED THE GREAT DEPRESSION?

Economic Trouble Many industries barely made a profit in the 1920s. Farmers couldn’t pay off loans they had taken out as demand decreased after WWI.

Consumers Have Less Americans bought less because prices rose while wages stayed the same. Many people had trouble paying back debts after buying on credit.

Stock Market Many had invested in the stock market. Buying on margin: paying a small percentage of a stock’s price as a down payment and then borrowing the rest.

Stock Market Crash! Sept. 1929: stock prices peaked and began to fall. Black Tuesday, Oct. 29: market crashes. People try to get rid of their stocks before prices drop more. People who had bought stocks on credit were stuck with huge debts.

Warm Up What was the significance of Tuesday, October 29, 1929? Get your notes ready for your open notes quiz!

Human Toll of the Great Depression HOW DID THE GREAT DEPRESSION AFFECT ORDINARY AMERICANS?

Banks Collapse Many people take their money out of banks. Government didn’t insure bank accounts, so millions of people lost their savings.

Families Affected 25% unemployment rate Men felt like they lost status and authority in their families. Teens were turned out of their families to fend for themselves. Marriage and birth rates declined.

Homelessness Many become homeless when they are evicted or foreclosed upon. Hoovervilles (shacks made up of scraps) pop up throughout the country.

Natural Disasters 1931: dust storms and drought terrorize farmers in the Great Plains ◦Region is nicknamed the Dust Bowl

Warm Up What were Hoovervilles?

Responses to the Great Depression HOW DID THE FEDERAL GOVERNMENT RESPOND TO THE GREAT DEPRESSION?

President Hoover’s Response Expected churches and charities, not the government, to help the poor. Unemployment continued to rise. Construction of the Boulder Dam provided some jobs.

Hoover Takes Action Reconstruction Finance Corporation: gave $2 billion to banks Bonus Army: Lost people’s respect when he sent federal troops to throw tear gas at WWI veterans gathering to get paid for their service.

Roosevelt FDR promised a “New Deal” to help the American people. First 100 Days: Congress passes 15 pieces of New Deal legislation. Fireside Chats: radio addresses asking Americans for their support.

Relief, Recovery, Reform Relief: immediate action to help economy Recovery: temporary programs to restart consumer demand Reform: permanent programs to prevent another depression

Reactions Supreme Court rules some programs unconstitutional; FDR proposes “Court-packing bill” so he can appoint 6 new justices. After the success of the First 100 Days, the 2 nd New Deal provided more help.

Impact of the New Deal Republicans: FDR went too far (socialist!) Democrats: FDR didn’t do enough Policies didn't end the Great Depression, but expanded the role of government in our lives.

Alphabet Soup