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Economic Bust Economic Bust The 1920’s The 1920’s

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Economic BustEconomic Bust

The 1920’sThe 1920’s

Show brainpop: Show brainpop: Great Depression Causes

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I. Stock Market Crash• On Tuesday, October 29, 1929, stock prices plummeted.• This became known as Black Tuesday.

“Cycle of Disaster” – many businesses went bankrupt

Businesses cut production

Workers sufferedfrom wage cuts

and lay offs.

People had little or no money to spend.

Demand forgoods fell.

• Many people lost their life savings.

Banking System• When the stock market crashed, people could not repay their loans to the bank.

• Therefore, banks couldn’t give depositors their money and banks closed.

Brainpop: Great Depression

Why can’t you give my dad a job?Why can’t you give my dad a job?

Taken from Minnesota Historical Society http://shop.mnhs.org/pages.cfm?id=57 Taken from Minnesota Historical Society http://shop.mnhs.org/pages.cfm?id=57

Notes in tri-foldNotes in tri-fold

Economic Boom Economic Bust The New Deal

•Mass production

•Assembly Line

•Henry Ford-car

•People buy things on credit using installment plans

•Electricity more common

•New entertainment-

•Movies, radio

•Aviation began

•“Roaring Twenties”

•Black Tues-Oct 29, 1929 Stock Market Crash

•Unemployment rose

•Debt increased

•Bank failures

•Factories & Businesses Closed

•Hoovervilles

•Dust Bowl

•“Great Depression”

Famous book of the Famous book of the Depression..Depression..

Orson Wells infamous broadcast of a fake attack Orson Wells infamous broadcast of a fake attack from Mars……From the HG Wells book War of the from Mars……From the HG Wells book War of the

Worlds…..scared countless people….Worlds…..scared countless people….

Great Depression ShuffleGreat Depression Shuffle The Good Life!, “”The Good Life!, “” Credit, debtCredit, debt

Crash!, Crash!Crash!, Crash! Black Tuesday, “”Black Tuesday, “” Broke, poorBroke, poor Hungry, hungryHungry, hungry Unemployment, “”Unemployment, “” Help, helpHelp, help Tennessee “”Tennessee “” Pearl Harbor!,HawaiiPearl Harbor!,Hawaii

1920’s Boom!1920’s Boom! New Appliances, Installment PlanNew Appliances, Installment Plan Sell Those Stocks!Sell Those Stocks! October, 1929October, 1929 Where’s my job?Where’s my job? Breadlines, soup kitchenBreadlines, soup kitchen FDR-New DealFDR-New Deal Alphabet SoupAlphabet Soup TVA-electricityTVA-electricity War!, War!War!, War!