The Great Depression Video: The Great Depression: Watch the video and on a half sheet answer this question: Why did the Great Depression happen? - PowerPoint PPT Presentation

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The Great Depression Video: The Great Depression: Watch the video and on a half sheet answer this question: Why did the Great Depression happen?

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Please do not talk at this time April 28 HW: Use Chapter 15, Sec. 2 to add to and perfect your flow charts The Great Depression hit the world very quickly. – PowerPoint PPT presentation

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Title: The Great Depression Video: The Great Depression: Watch the video and on a half sheet answer this question: Why did the Great Depression happen?


1
The Great DepressionVideo The Great
DepressionWatch the video and on a half sheet
answer this question Why did the Great
Depression happen?
Please do not talk at this time April 28
HW Use Chapter 15, Sec. 2 to add to and perfect
your flow charts
2
Flow Chart on the Causes of the Great Depression
  • The Great Depression hit the world very quickly.
    Events spiraled out of control across the globe
    in only a few months. Were going to look at
    some of the causes of the Great Depression.
  • As we go through the 6 Causes of the Great
    Depression, create a Flow Chart to show the Cause
    and Effect relationship of these events.

3
Sample Flow Charts
4
Sample Flow Charts
5
Causes of the Great Depression Speculation
  • The horror of WWI caused many people to feel they
    should live life as richly as possible while they
    could.
  • Even so, 60 of Americans lived under the poverty
    level (2000/year)
  • People made up the difference by borrowing money.
    They bought stocks on the stock market, and when
    they went up, sold them and used the profits to
    buy more stock.
  • Businesses saw all this imaginary money in the
    market and began to produce large amounts of
    goods, hoping people would buy them with credit
    from their stocks.

6
Causes of the Great Depression Stock Market Crash
  • Eventually people realized that there wasnt any
    actual physical wealth (gold, oil, diamonds,
    land, etc) behind the stock prices. They began
    to sell their stocks while prices were good.
  • This caused a panic in 1929. Banks who had
    given loans to people to buy stocks demanded
    their money back. People sold more stocks to pay
    off as much of their loans as they could. For
    the next 4 days, the Dow lost over 10 of its
    value every day.
  • Total losses for the four days 30 billion, 10
    times federal budget and more than the U.S. had
    spent in World War I (32B estimated). The crash
    wiped out 40 percent of the paper value of common
    stock.
  • Thousands of people were left holding worthless
    stocks and millions in loans to banks.

7
Causes of the Great Depression Bank Failures
  • After the stock market crash, bank were left with
    massive loans on their books that people would
    never be able to repay.
  • Without any money left to do everyday business,
    banks stopped lending, laid off employees and in
    many cases went bankrupt. There was no FDIC
    Insurance at this time, so when a bank closed,
    people lost all the money they had in the bank.
  • In 1929, there were 25,568 banks in the United
    States by 1933, there were only 14,771. Personal
    and corporate savings dropped from 15.3 billion
    in 1929 to 2.3 billion in 1933.

8
Causes of the Great Depression World War I Debt
  • At the end of WWI, Europe was in a terrible
    state. The Allies and the Central powers were
    bankrupt. Germany was burdened with massive war
    reparations. Britain and France needed to rebuild
    their infrastructure (agriculture, factories,
    transportation lines, etc) and populations.
  • The US was happy to lend money to these
    countries, first to finish WWI, and then to
    rebuild. They did this through loans.
  • However, once US banks began failing ... the
    banks not only stopped making loans, they wanted
    their money back. This put pressure on European
    economies, which had not fully recovered from
    WWI, contributing to the global economic downturn.

9
Causes of the Great Depression Reduction in
Purchasing Power
  • With the stock market crash and the fears of
    further economic woes, individuals from all
    classes stopped purchasing items.
  • But companies had a huge stockpile of items to
    sell already made, but not paid for. So
    companies stopped producing goods until they
    could sell what they had.
  • With the fall in production, companies didnt
    need as many workers and had to lay people off.
  • As people lost their jobs, they were unable to
    keep up with paying for items they had bought
    through installment plans and their items were
    repossessed. More and more inventory began to
    accumulate.
  • The unemployment rate rose above 25 which meant,
    of course, even less spending to help relieve the
    economic situation.

10
Causes of the Great Depression Protectionism
  • As businesses began failing, the government
    created the Smoot-Hawley Tariff in 1930 to help
    protect American companies from international
    competition. This charged a high tax for imports,
    making American goods cheaper to buy.
  • When Americans stopped purchasing goods from
    other countries, those companies began to
    collapse as well, putting more people out of
    work, so even fewer people could buy anything
    from anybody.
  • Other countries retaliated by passing their own
    Tariff bills, which had the effect of reducing
    world trade 66 and causing the Great Depression
    to spread to the whole world

11
Please do not talk at this time April
29/30Based on class work and homework from
yesterday, how would you arrange these events
into a Cause and Effect Flow Chart?
  • Foreign people are out of work
  • Foreign people cant buy products
  • Government raises Tariffs to protect businesses
  • People borrow money to buy stocks
  • People cant buy products
  • People cant pay their loans
  • People lose their jobs
  • People lose their savings
  • Stock market crashes
  • Banks call in their loans from people and
    businesses
  • Banks close
  • Banks lose LOTS of money
  • Banks stop making loans
  • Businesses close
  • Companies lay people off
  • Factories stop producing goods
  • Foreign businesses close
  • Foreign countries cant finish rebuilding
  • Foreign countries cant sell to other countries

12
ACRONYM- a word or phrase made up of other words
or phrases to help you remember important
information.
  • Examples
  • To remember the order of musical notes on a scale
  • Every
  • Good
  • Boy
  • Does
  • Fine
  • To remember the dangers of Trench Warfare- RAMP
  • Rats
  • Artillery
  • Machine Guns
  • Poison Gas
  • To remember the order of math problems- FOIL
  • First terms
  • Outside
  • Inside
  • Last

13
Other ACRONYMS
  • ACRONYMS can be long too
  • Post WWI Philosophies
  • Every Silly Eel Can Feel Lost
  • Einstein claims everything is relative.
  • Surrealism paints our dreams and nightmares.
  • Existentialism means we create our own reality.
  • Cubism breaks everything apart before putting it
    together again.
  • Freud says desire rules us not reason.
  • Lost Generation gives up all hope for the future.

14
ACRONYMS for the Great Depression
  • You and your team will be making ACRONYMS to
    remember the key information from the effects of
    the Great Depression.
  • Follow the procedure to create an ACRONYM on the
    most important information in your reading.

15
Step 1 Identify 5 7 key pieces of information
  • Read your page carefully and identify 5 -7 key
    pieces of information.
  • Think What do people need to know for this to
    make sense?
  • Your information can be a phrase, sentence,
    statistic or other piece of important
    information. You can even shorten or combine
    information that goes together.

Practice with the paragraph on your paper, What
are 5 7 key pieces of information from this
info on the Great Depression? Underline them!
16
Step 2 Write your information out in simple
clear statements
  • Consider your 5-7 key pieces of info. How could
    you write those more clearly?
  • Think Trim the fat! Write out your information
    so you have only the essentials.

Write these on the place provided on your paper!
17
Step 3 Arrange your statements
  • First consider your information. Must it go in a
    particular order (Like FOIL for math) or can the
    list of info be jumbled?
  • Now look at t he first letter of each statement.
    Can you make these into a word that makes sense?
  • If you can do that, great! If not, keep going

Compose your ACRONYM on the bottom of your paper.
18
Step 4 Longer ACRONYMS
  • If you are stuck with a particular order or you
    cant make a word out of your letters (no vowels
    can be a problem) try making a phrase.
  • Use the first letter of each statement as the
    first letter in a different word that is part of
    a sentence or phrase made up of all the words
    from all the first letters in the statements.
  • What does that look like again?

Every Silly Eel Can Feel Lost Einstein claims
everything is relative. Surrealism paints our
dreams and nightmares. Existentialism means we
create our own reality. Cubism breaks everything
apart before putting it together again. Freud
says desire rules us not reason. Lost Generation
gives up all hope for the future.
19
Now you do it!
  • You have a page on some effect of the Great
    Depression.
  • Create an ACRONYM for the most important
    information on that page.
  • You will share this with your team and the class
    will pick the best ones.

20
First Meet with the people who have the SAME
reading as you do.
  • You may read your paper together and brainstorm
    what you think the most important information is,
    but please write your ACRONYM on your own.

21
Please do not talk at this time May 1st
  • I did NOT get the house. ?
  • There was no actual crying. It wasnt meant to
    be.
  • Please get your colored handout from yesterday.
  • Please get out your ACRONYMS from yesterday. Are
    they good enough to help you with a Quiz?
  • Make changes as needed

22
Next, meet with people who had the other pages of
the reading
  • Look at the LETTER on the top of your reading.
    This is your Jig Saw group!
  • Share your ACRONYM with them and get theirs on
    your paper until you have info from all 5
    readings.
  • You will be able to use this ACRONYM page on your
    Great Depression Quiz!

23
Great Depression Quiz!
  • Please use the back of your ACRONYM paper.
  • Number 1 -10
  • Quiz is a Class Set. Please do not write on it.

24
Make Corrections
  • Trade papers with someone near by.
  • Write Corrected by and your name on the bottom
    of the paper.
  • Put a line through the answer if it is wrong.
  • Do nothing if it is correct.

25
Quiz answers
  1. D
  2. B
  3. C
  4. A
  5. C
  1. B
  2. C
  3. D
  4. C
  5. A

Please add up the number correct and put that
over 10 at the top of the page.
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