Bellringer Under-consumption caused People to take advantage of low prices Farmers to grow more Farmers to plant less Factories to produce more Margin buying Gave stockbrokers a larger margin of profit Is when paper has narrow margins Is the best way to develop a large stock portfolio Is credit extended to people buying stock What is stock? A loan to a company Part ownership in a company A no-risk investment The same as a bond Over production was caused by Mechanized farm equipment Prices for farm goods being too high Having more workers after WWI ended Women being able to work

Life During the Great Depression SSUSH17 The student will analyze the causes and consequences of the Great Depression. b. Explain factors (include over-farming and climate) that led to the Dust Bowl and the resulting movement and migration west. c. Explain the social and political impact of widespread unemployment that resulted in developments such as Hoovervilles.

Brother Can You Spare a Dime http://www.youtube.com/watch?v=4F4yT0KAMyo Listen to the song and make a list of things that you learned about the life of the singer before and after the Great Depression.

"Brother, Can You Spare a Dime," lyrics by Yip Harburg, music by Jay Gorney (1931) They used to tell me I was building a dream, and so I followed the mob, When there was earth to plow, or guns to bear, I was always there right on the job. They used to tell me I was building a dream, with peace and glory ahead, Why should I be standing in line, just waiting for bread? Once I built a railroad, I made it run, made it race against time. Once I built a railroad; now it's done. Brother, can you spare a dime? Once I built a tower, up to the sun, brick, and rivet, and lime; Once I built a tower, now it's done. Brother, can you spare a dime? Once in khaki suits, gee we looked swell, Full of that Yankee Doodly Dum, Half a million boots went slogging through Hell, And I was the kid with the drum! Say, don't you remember, they called me Al; it was Al all the time. Why don't you remember, I'm your pal? Buddy, can you spare a dime? Say, don't you remember, they called me Al; it was Al all the time. Say, don't you remember, I'm your pal? Buddy, can you spare a dime? DISCUSS YOUR FINDINGS!

Causes of the Great Depression

Did Herbert Hoover’s “hands off” policies cause the Great Depression? Landslide victory in 1928 Conservative Republican “General Prosperity” Keep tariffs high Pay down government debt Balance the budget Keep inflation low Keep government out of economy

Did Herbert Hoover’s “hands off” policies cause the Great Depression?

Did Herbert Hoover’s “hands off” policies cause the Great Depression? He kept promising recovery is here! Believed in hands-off government, but did more than any previous president Too little, too late!

Hoovervilles As more workers lost their jobs, they were unable to pay their rent or mortgage and were evicted This new class of homeless began to build shacks on the outskirts of cities called shantytowns, or Hoovervilles.

Hoover Blankets http://www.youtube.com/watch?v=whQ5SLfnGoQ ---”We’d Like to Thank you Mr. Hoover”

2 million migrants and “hobos” 13 million out of work by 1933

Great Depression Numbers 1929-1931 over 1.5 million mortgages failed

Great Depression Numbers 1929-1933 over 8,000 banks failed

Great Depression Numbers 1933 over 13 million out of work (over 25% of the population)

Great Depression Numbers 1929-1932 Stock Market lost 90% of its value

The Dust Bowl When farmers were unable to pay back their loans, many stopped planting crops In 1932 a drought hit the Great Plains, turning much of the top soil into dust With the lack of rain and crops, wind blew the dried soil for hundreds of miles

http://www.youtube.com/watch?v=x2CiDaUYr90

Closing: Now and Then Compare and contrast the Great Depression and the recent recession. How is the situation we live in today alike, and how is it different? http://www.youtube.com/watch?v=yz8LXq1q6iI ---Bushvilles (modern day Hoovervilles) 2min