learning targets students will be able to explain the impact the decade of the 1920s had on the...
TRANSCRIPT
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LEARNING TARGETS
• Students will be able to explain the impact the decade of the 1920s had on the Great Depression.
• Students will be able to analyze the reasons the Great Depression started.
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1. Consumer society & optimism of 20s
• Easy credit, advertising
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2. International relations
• U.S. demanded payment of WWI loans• U.S. taxed European goods• Europeans wouldn’t buy American
1. Loans to Allies During WWI= $7 billion dollars
2. Loans to Help Allies Rebuild = $3 billion dollars
Destruction in Abbeville, France at end of WWI
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3. Coolidge--ineffective leader
• supported “Laissez-faire” • gov’t should stay out of economics)
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4. Differences in Income
• 42% below poverty level, 1% had 30% of wealth
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5. Overproduction
• Farmers expanded because of WWI • Factories produced more goods• Not enough buyers
1921 Tractor
WWI propaganda to encourage farmers
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6. Inflated Stock Market
• Speculation (“get rich quick”) • Buying on margin (borrowing)
1928 Busy Trading Day in New York
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7. Stock Market Crash: Oct. 29, 1929
• Panicked selling caused prices to lower • “Black Tuesday:” 16 million shares sold, • $15 billion dollar loss
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Closing Reflection
• Cover your notes. Write down as much as you can remember about why the decade of the 1920s led to the Great Depression.
• Share if time.