Date: Name:

Today’s Notes:1. Review from Last Class

1. Overproduction: Food and products were being _________________ as people tried to take advantage of the economic ____________ at the time2. Uneven distribution of wealth: There was an uneven distribution of wealth as the poor did not have the ability to buy items but wanted the same ________________ of ________________ as wealthy people3. Buying on the Margin: Consumers who wanted to buy items that they could not afford used Buying on the Margin to purchase items by paying a ________________ ________________ or paying over time

2. Riding the Stock MarketAs business was booming in the 1920s and stock prices kept ________________ with businesses’ growing profits, buying stocks on the margin was a good idea…

3. The Stock Market CrashOn “Black ________________” Oct. 29, 1929, the Stock Market crashed.Over 16 million shares sold in massive ________________ ________________.Losses exceeded $26 billion.

4. Stocks in DangerThe banks were loaning out ________________ ________________then what peoples’ investments were worth. The crash caused others to panic and ________________ the ________________ they had.Banks were ________________ loans. This meant they made people pay back loans early. But, many people could NOT pay!

5. Banks Start ClosingPeople could NOT pay, so ________________ ended up closing. People who put their money in the bank lost their ________________ ________________. The Stock Market Crash of 1929 marked the start of the Great Depression!

6. The Domino Effect

Companies don’t make a __________

People lose their __________

Spend their _____________________

to survive

Take all money out of the bank

Banks go out of business

People don’t have money so they don’t

buy more stuff

Date: Name:

7. The DustbowlCanadian ____________________ lost more than anyone else. Wheat prices plummeted and thousands of farmers went ____________________.

8. Things Get WorseTo compound the effects of the economic slump, farmers would experience one of the worst, longest ____________________ in history.

9. The Dust Bowl BeginsThe effects of the depression were made worse by the ______________ ________________Caused by decades of ____________________ ____________________ and ____________________ in the prairies

10. How it all StartedThe Prairies used to be very fertile, which means many people wanted to farm thereThese ____________________ ____________________ ripped up the ____________________ which was critical to the ecosystem

Date: Name:

11. More Farms, More DustMore and more grass was removed…The _________________ was blown away as the roots of the grass didn’t hold it down. And then it stopped ____________________