1. Period 1, 5, & 6 We will examine the causes of the Great Depression
Complete Chapter 14 What and Where
Go over homework
Chapter 14.1 Notes
Causes of Great Depression

2. 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

3. 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

5. 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

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

9. 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