Period 1, 5, & 6  We will examine the causes of the Great Depression  Go over video questions  Chapter 14.1 Notes  Quiz  Chapter 14.2 Reading.

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Period 1, 5, & 6 We will examine the causes of the Great Depression

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Presentation transcript:

Period 1, 5, & 6  We will examine the causes of the Great Depression  Go over video questions  Chapter 14.1 Notes  Quiz  Chapter 14.2 Reading

Chapter 14.1 Notes  Industry  Basic industries barely made a profit (railroads, steel)  Coal mining had to compete with oil and natural gas  The number of new houses being built declined

 Farmers - Increased output during the war - Demand/ prices fell for crops after the war - The government started price- supports – government would buy surplus crops guaranteed prices

 Consumers  Americans bought less  Rising prices  Stagnant wages  Credit  Americans bought goods on credit  Buy now pay later  Many people had trouble paying off their debts

 Uneven Distribution of Wealth - Wealthiest 1 % income grew by 75% - 70% of the nation’s families earned less than $2,500

 Stock Market Crash  People speculated  Bought stock on margin  Paid a small percentage of stocks value and borrowed the rest  Black Tuesday  16.4 Million shares sold  By November $30 Billion in value had been lost