1. Homework task to complete due March 23rd (if you are going on the languages trip) CAREFULLY follow ALL of the instructions on the handout! Two warnings if any component is not fully complete!

2. Note the following lessons are now under Unit 3 on the VLE under Mr. Walker’s Folder: “Changes in American culture and society” Lesson 1-2 – Women Lesson 3 – Movies and cinema Lesson 4 – Music and culture Lesson 5 – Sports – Fads - Crazes After the Battlefields trip we will finish the USA course by going back to Unit 2 and finishing: Lesson 4 – Wall St. Crash Lesson 5 – Long & short-term causes of the crash.

3. Year 10 Mocks Paper #1 – USA – Tuesday April 12 th Main Hall – Period 4-5 (Begin 1:30) Paper #2 – Russia – Friday April 15 th Main Hall – Period 4-5 (Begin 1:30)

4. Under Mr. Walker’s USA Folder and Mr. Walker’s Russia Folder, there are subfolders of USA Revision / Russia Revision USA Revision Assessment of Unit1,2,3 History GCSE Overview of the Style of Questions on exam Russia and USA Content Revision Sheets (new) Russia and USA Exam Question Style Sheet USA Index Cards USA Revision Games USA Revision Sheet “WJEC Revision Guide – Practice Tips WJEC Unit 1 – Year 10 USA Exam Format Russia Revision Assessment of Unit1,2,3 History GCSE Overview of the Style of Questions on exam Possible Russia Questions Russia and USA Content Revision Sheets (new) Russia and USA Exam Question Style Sheet Russia Index Cards “WJEC Revision Guide – Practice Tips WJEC Unit 2 – Year 10 Russia Exam Format

5. Exam Question (DUE THIS LESSSON FOR SOME STUDENTS!) One interpretation is that women had more freedom in America in the 1920s. How far do you agree with this interpretation? Source B from America as Americans see it, by the feminist American writer Doris E Fleischman, 1932 On the whole these middle class women do their own housework with few of the mechanical aids. Women who live on farms do a great deal of work besides caring for their children, washing the clothes and caring for the home and cooking. Thousands still work in the fields and help milk the cows. Source A From a GCSE textbook printed in 2013 Women wore more daring clothes. They smoked in public and drank with men in public. They went out with men, in cars… There were 10 million women in jobs in 1929, 24% more than in 1920. With money of their own, working women became the particular target of advertising. Source C Women from the 1920s, two flappers on motor cycles

6. Note – on the VLE for Unit 2 Lesson 1-2 on women there is a sample response titled: “Sample response to interpretation question on women in the 1920s”

7. 1.5 Lessons on the causes of the Wall Street Crash

8. Key words Share Speculators Profits Risk Investment Dividend ‘Buying on the margin’ Bargain hunters Confidence Bull market Bear market

9. Getting Rich Quick Wall Street – where stockbrokers buy and sell shares on behalf of their clients

10. Will you invest? Investors buy stock in the form of shares – which represent a portion of the company’s assets and earnings. You then gain a share of their profits, a dividend. You are each to be given $10. You can invest in any company or companies you like. You may need a calculator! In your notes complete the following table as we go (should do in pencil): DateCompaniesShare valueProfitBank loan

12. BusinessShare Value Paramount Pictures Cinema$0.74 Crosley Wireless Radio$0.94 Thor Washing Machines$1.12 Goodyear Tyres$0.68 Carnegie Steel$0.89 Rockefeller Oil$1.34 General Electric$1.02 3 rd March 1929

13. Will you invest? Investors buy stock in the form of shares – which represent a portion of the company’s assets and earnings. You then gain a share of their profits, a dividend. You are each to be given $10. You can invest in any company or companies you like. You may need a calculator! In your notes complete the following table as we go: DateCompaniesShare valueProfitBank loan 3 rd March, 1929Paramount0.74$00

14. BusinessShare ValueAvailability Paramount Pictures Cinema$1.96 Crosley Wireless Radio$2.04 Thor Washing Machines$2.22 Goodyear Tyres$1.62 Carnegie Steel$1.65 Rockefeller Oil$2.44 General Electric$2.09 3 rd May 1929

15. Will you invest? Investors buy stock in the form of shares – which represent a portion of the company’s assets and earnings. You then gain a share of their profits, a dividend. You are each to be given $10. You can invest in any company or companies you like. You may need a calculator! In your notes complete the following table as we go: DateCompaniesShare valueProfitBank loan 3 rd March, 1929Paramount0.74 (all $10 put on this share) $00 3 rd May, 1929Paramount1.96 (all $10 still on this share) $12.20

16. Who is making the most money! Let’s see who has made the most money! Richest Speculator is: Would anyone like to borrow some more money from the bank so they can invest more money? What would be the advantage of this?

17. BusinessShare ValueAvailability Paramount Pictures Cinema$2.42 Crosley Wireless Radio$2.97 Thor Washing Machines$3.04 Goodyear Tyres$2.39 Carnegie Steel$2.96 Rockefeller Oil$3.84 General Electric$3.13 3 rd July 1929

18. Will you invest? Investors buy stock in the form of shares – which represent a portion of the company’s assets and earnings. You then gain a share of their profits, a dividend. You are each to be given $10. You can invest in any company or companies you like. You may need a calculator! In your notes complete the following table as we go: DateCompaniesShare valueProfitBank loan 3 rd March, 1929Paramount0.74 (all $10 put on this share) $00 3 rd May, 1929Paramount1.96 (all $10 still on this share) $12.20 3 rd July 1929Paramount2.42 (all $10 still on this share) $17$10 (will have to pay back $12 later)

19. Who is making the most money! Let’s see who has made the most money! Richest Speculator is: Anyone want a bank loan?

20. BusinessShare ValueAvailability Paramount Pictures Cinema$4.49 Crosley Wireless Radio$4.89 Thor Washing Machines$3.99 Goodyear Tyres$4.01 Carnegie Steel$4.12 Rockefeller Oil$4.25 General Electric$3.98 3 rd September 1929

21. Will you invest? Investors buy stock in the form of shares – which represent a portion of the company’s assets and earnings. You then gain a share of their profits, a dividend. You are each to be given $10. You can invest in any company or companies you like. You may need a calculator! In your notes complete the following table as we go: DateCompaniesShare valueProfitBank loan 3 rd March, 1929Paramount0.74 (all $10 put on this share) $00 3 rd May, 1929Paramount1.96 (all $10 still on this share) $12.20 3 rd July 1929Paramount2.42 (all $10 still on this share) $17$10 (will have to pay back $12 later) 3rs September 1929Paramount4.49 (original $10 + $10 from loan) $82.4 (still owe $2 to the bank as loan) $20 (will have to pay back $25 later)

22. Who is making the most money! Let’s see who has made the most money! Richest Speculator is: Anyone want a bank loan?

23. BusinessShare ValueAvailability Paramount Pictures Cinema$0.12 Crosley Wireless Radio$0.04 Thor Washing Machines$0.09 Goodyear Tyres$0.11 Carnegie Steel$0.03 Rockefeller Oil$0.07 General Electric$0.10 24 th October 1929

24. Investors buy stock in the form of shares – which represent a portion of the company’s assets and earnings. You then gain a share of their profits, a dividend. You are each to be given $10. You can invest in any company or companies you like. You may need a calculator! In your notes complete the following table as we go: DateCompaniesShare valueProfitBank loan 3 rd March, 1929Paramount0.74 (all $10 put on this share) $00 3 rd May, 1929Paramount1.96 (all $10 still on this share) $12.20 3 rd July 1929Paramount2.42 (all $10 still on this share) $17$10 (will have to pay back $12 later) 3 rd September 1929Paramount4.49 (original $10 + $10 from loan) $82.4 (still owe $2 to the bank as loan) $20 (will have to pay back $25 later) 24 th October 1929Paramount0.12 (original $10 + $30 from two loans) -$2.6 (still owe the bank a total of $37 in loans) Cant afford a loan & the bank wants their $37 back NOW!

25. Did you invest? What went wrong?

26. Wider-viewing (use for REVISION!) Film clips USA 1920s - Boom and Bust https://www.youtube.com/watch?v=4Xrz69_W4ewhttps://www.youtube.com/watch?v=4Xrz69_W4ew 19:15 Prelude to the Crash (review of 1920s- Play from 6:30 – 13:55) The Crash – Play from 14:00- 14:30 / 15:40-17:00) 1929 The Great Crash. - a video about the stock market crash in 1929 https://www.youtube.com/watch?v=POMhTJqw1d4https://www.youtube.com/watch?v=POMhTJqw1d4 45:03 Prelude to the Crash (boom of the 1920s - Play from 4:45 – 26:40 The Crash – Play from 26:40 – 40:30)

27. GET 1920S RICH QUICK! How do companies raise money? How can shareholders make money? What was “buying on the margin”? QUICK Why were people so keen to buy shares in the 1920s?

28. GET 1920S RICH QUICK! How do companies raise money? People buy Shares – Companies use this money to expand and hire more workers How can shareholders make money? 1)End of year dividends – “profit” 2)Sell your share for hopefully a higher price. What was “buying on the margin”? Credit Speculating that prices will rise This leads to borrowing money. QUICK Why were people so keen to buy shares in the 1920s? Prices constantly rising – “bear market” Everyone doing it – summer of 1929 there were 20 million shareholders Seen as a get-rich-quick scheme Easy to borrow money. Consumer confidence was hight

29. What was creating the Boom? Mass production, advertising, buying on credit and consumerism Republican Presidents – such as Coolidge follow a policy of Laissez Faire. There is little regulation of the stock market.

30. Herbert Hoover In 1928 the American people elected the Republican candidate, Herbert Hoover, as their president.

31. Source A The rich man's chauffer drove with his ears laid back to catch the news of an impending move in Bethlehem Steel; he held 50 shares himself. The window-cleaner at the banker's office paused to watch the ticker, for he was thinking of converting his savings into a few shares of Simmons... a broker's valet who made nearly a quarter of a million on the market, a trained nurse who cleaned up $30,000 following the tips given her by grateful patients; and the Wyoming cattleman, 30 miles from the nearest railroad, who bought or sold 1,000 shares a day. Frederick Lewis Allen, Only Yesterday (1931)

32. Oh no! THE STEP YOU DON’T WANT! A 'bear market' is one where prices are falling. Speculators fuel a bull market by gambling on future price rises, but they can turn a bear market into a crash by desperately trying to get rid of their shares before they fall any further.

33. Key words Share Speculators Profits Risk Investment Dividend ‘Buying on the margin’ Bargain hunters Confidence Bull market Bear market In pairs discuss the definitions for each of these terms… Clarify any terms you don’t fully understand In pairs discuss the definitions for each of these terms… Clarify any terms you don’t fully understand

34. Think about the causes of the Boom… are there any reasons why this may go wrong? What assumptions had people made in the 1920s?

35. What were the causes and consequences of the Wall Street Crash Read together the timeline on pages 68-69. Make sure you understand: ‘Black’ Thursday, 24 October 1929 ‘Black’ Tuesday, 29 October 1929 Crash facts: Brokers actually fought with each other to sell stock on the floor of the Exchange. Fist fights broke out and brokers lost shoes, spectacles, false teeth and even a wooden leg in the scramble. The singer Eddie Cantor said that when he asked for a hotel room the manager asked, “Sir, will that be for sleeping or jumping?” because there were so many suicides. Crash facts: Brokers actually fought with each other to sell stock on the floor of the Exchange. Fist fights broke out and brokers lost shoes, spectacles, false teeth and even a wooden leg in the scramble. The singer Eddie Cantor said that when he asked for a hotel room the manager asked, “Sir, will that be for sleeping or jumping?” because there were so many suicides.

36. How did panic selling of shares cause the Wall Street Crash? Question: Was it just panic and a loss of confidence that caused the crash? What are other potential causes?

37. Final Task: Causes of collapse / economic downturn Complete the handout. Make sure you have a full description / explanation of each of the 4 causes of collapse you need to complete. Make sure you also address: – Whether it is a long-term, short-term, or trigger cause – Make link to another cause – Include key words to remember Resources to use: 1)Handout (both sides) 2)WJEC pages 114-115 3)White SHP text pages 70-71

38. Crash Course U.S. History https://www.youtube.com/watch?v=GCQfMWAikyU The Great Depression: Crash Course US History #33 (Play from :45 – 2:50 – the causes of the Great Depression

39. Extension work (following two slides): Will not have time to complete 2016 10C

40. Was the panic selling of shares the main cause of the Wall Street Crash in October 1929? 12 + spg 3 Could you do it in 20 minutes?

41. Was the panic selling of shares the main cause of the Wall Street Crash in October 1929? [12+3] LEVEL 4 Answer is a developed, reasoned and well-substantiated analysis of the issue set in the question. For 10 marks: A developed, reasoned and well-substantiated analysis with good balance, using mostly accurate and relevant contextual support. For 11-12 marks: A developed, reasoned and well-substantiated analysis with good balance, using fully accurate and relevant contextual support. Award the higher mark for the quality of contextual support. Eg: Answers will provide a reasoned evaluation covering a broad range of factors; there is good linkage between the causes. Answers will identify a number of specific causes and attempt to rate them as short-term and long-term causes. Expect an evaluation of panic selling alongside a range of other causes of the crash in October 1929, such as overproduction, the saturation of the market, declining overseas trade, and a fall in demand for consumer goods.