I Want It All Chapter 19, Sections 1-2

‘Da Flu I hate when I have the flu I hate when I have the flu The flu can come in many forms The flu can come in many forms In 1918, the flu came in the form of death In 1918, the flu came in the form of death Many soldiers fighting in France began to complain of flu-like symptoms Many soldiers fighting in France began to complain of flu-like symptoms The disease said bye-bye The disease said bye-bye Then the disease said hello again and spread throughout the world because of the rapid movement of people during and after WWI Then the disease said hello again and spread throughout the world because of the rapid movement of people during and after WWI The flu spread to civilians and could kill within 2-3 days of symptoms The flu spread to civilians and could kill within 2-3 days of symptoms The flu randomly disappeared as quickly as it appeared, but took out approximately 20 million people The flu randomly disappeared as quickly as it appeared, but took out approximately 20 million people

Prohibition (1920) 18 th Amendment in U.S. Constitution said that making alcoholic beverages was illegal 18 th Amendment in U.S. Constitution said that making alcoholic beverages was illegal Organized crime goes up because of this, as people make their own alcohol Organized crime goes up because of this, as people make their own alcohol The amendment is repealed in 1933 and Prohibition goes away…adults can drink again The amendment is repealed in 1933 and Prohibition goes away…adults can drink again

Economic Problems after WWI Farmland Farmland Destroyed in much of Europe because of WWI Destroyed in much of Europe because of WWI Food production increased in the rest of the world to help Europe Food production increased in the rest of the world to help Europe Many countries took out loans to help pay for new machines to increase production Many countries took out loans to help pay for new machines to increase production Then the war ends… Then the war ends…

Economic Problems after WWI …and with the war ending, other countries slowly started producing on their farms again …and with the war ending, other countries slowly started producing on their farms again The WWI producers still had to pay off their debts The WWI producers still had to pay off their debts What’s the problem? What’s the problem? Answer: There’s not as many countries left to buy goods so the WWI producers can’t make as much $$ Answer: There’s not as many countries left to buy goods so the WWI producers can’t make as much $$ Without $$ coming in, they struggle to pay off their debts Without $$ coming in, they struggle to pay off their debts

Economic Problems after WWI Economic Nationalism = Protectionism Economic Nationalism = Protectionism Protectionism means you’re going to put taxes on other countries’ goods as they’re imported Protectionism means you’re going to put taxes on other countries’ goods as they’re imported Why would protectionism be a good thing? Why would protectionism be a good thing? Answer: U.S. made goods would have lower prices because foreign goods would be taxed Answer: U.S. made goods would have lower prices because foreign goods would be taxed Why would protectionism be a problem? Why would protectionism be a problem? Answer: If you protect your goods with taxes, other countries also would protect their goods with taxes Answer: If you protect your goods with taxes, other countries also would protect their goods with taxes As taxes go higher for everyone, prices go up. As taxes go higher for everyone, prices go up. As prices go up, less goods are bought As prices go up, less goods are bought

Economic Problems after WWI Stock Market Problems? Stock Market Problems? You tell me! You tell me! Partner up…two people only Partner up…two people only Person 1 will list as many problems as possible with stock market speculation Person 1 will list as many problems as possible with stock market speculation Person 2 will explain how these problems helped lead to the Great Depression Person 2 will explain how these problems helped lead to the Great Depression Both people will explain the main point of what went wrong during the Great Depression Both people will explain the main point of what went wrong during the Great Depression