1. Wednesday March 8th , 2017 Learning Target;
I can explain how the 1920’s were part of what caused the Great Depression(same as yesterday)
Agenda
News
Stock Market
Notes on 20’s
Things to Remember;
Test/Quiz next Wednesday 3/15

3. Question
How did the BOOM of the 20’s cause the BUST of the 30’s

4. The Great Depression

5. Many found being broke humiliating.
Stock market crash
Didn’t realize the effect it would have
No money to replenish what was borrowed
Many found being broke humiliating.

6. The Roaring 20’s The new concept of “credit” People were buying:
Automobiles
Appliances
Clothes
Fun times reigned
Dancing
Flappers
Drinking

7. Why was this bad? Credit system WWI
People didn’t really have the money they were spending
WWI
The U.S. was a major credit loaner to other nations in need
Many of these nations could not pay us back

8. The Stock Market People bought stocks on margins Stocks fall
If a stock is $100 you can pay $10 now and the rest later when the stock rose
Stocks fall
Now the person has less than $100 and no money to pay back

9. With people panicking about their money investors tried to sell their stocks
This leads to a huge decline in stocks
Stocks were worthless now
People who bought on “margins” now could not pay
Investors were average people that were now broke
And then….

10. President Hoover Herbert Hoover was president at the start
Philosophy: We’ll make it!
What He Did: Nothing
The poor were looking for help and no ideas on how to correct or help were coming

11. What about the people? Farmers were already feeling the effects
Prices of crops went down
Many farms foreclosed
People could not afford luxuries
Factories shut down
Businesses went out
Banks could not pay out money
People could not pay their taxes
Schools shut down due to lack of funds
Many families became homeless and had to live in shanties

13. Many waited in unemployment lines hoping for a job.

14. People in cities would wait in line for bread to bring to their family.

15. Some families were forced to relocate because they had no money.

16. “Hooverville” Some families were forced to live in shanty towns
A grouping of shacks and tents in vacant lots
They were referred to as “Hooverville” because of President Hoover’s lack of help during the depression.

17. Hooverville

18. Out of the Dust:
The South
and the
Dust Bowl

19. A drought in the South lead to dust storms that destroyed crops.
“The Dust Bowl”

20. The South Was Buried Crops turned to dust=No food to be sent out
Homes buried
Fields blown away
South in state of emergency
Dust Bowl the #1 weather crisis of the 20th century

22. Two Families During the Depression

23. A Farm Foreclosure

24. Some families tried to make money by selling useful crafts like baskets.

25. *FDR* When he was inaugurated unemployment had increased by 7 million.
Poor sections (like Harlem) had 50% of the pop. unemployed
Instated the “New Deal”
Yea! Frankie!

26. People everywhere were effected by the depression
It wasn’t till President Roosevelt took over and tried to put the economy back together that people even saw a glimmer of hope

28. Question
How did the BOOM of the 20’s cause the BUST of the 30’s

29. Occupation and Salary Chart
Last Initial /Occupation
Weekly Salary
Savings
A - F : Factory Worker
$16.89
$33.50
G-L : Cook
$15.05
$29.00
M-R: Accountant
$45.28
$180.00
S-Z: Doctor
$61.11
$488.00

30. Great Depression Budget Activity
Your family is moving to a new town during the Great Depression. You have a spouse and 2 children. You are moving into your 1st house.
You each have 2 sets of clothes and 1 pair of shoes.
You can take household items that would fit in your car. You may have to buy some new items.
Budget for one month’s living expenses including food, entertainment, clothing, expenses for automobile, and housing expense.