“The End of Prosperity”

Slides:

Advertisements

Similar presentations

Causes of the Great Depression

Advertisements

INDUSTRY KEY INDUSTRIES BARELY MADE A PROFIT SOME INDUSTRIES LOST BUSINESS TO FOREIGN COMPETITION & NEW AMERICAN TECHNOLOGIES SOME INDUSTRIES SUFFERED.

Ch. 14 Sec. 1 The Nation’s Sick Economy

The Great Depression.  What would happen if you spent more money that you actually had?  What happens when many people and businesses are in that situation?

Baltimore Polytechnic Institute February 24, 2011 U.S. History Mr. Green.

The Great Depression. What was the Great Depression? Time of economic crisis characterized by high unemployment during the 1930s, the beginning is marked.

1920) World economy = a delicately balanced house of cards. Key card that held up the rest was American economic prosperity. HoJun.

The Great Depression, Part A. 1.During the 1920s, the United States, in many ways, had a booming what? Economy 2. In what ways did the American.

The Great Depression Objectives:

Baltimore Polytechnic Institute January 23, 2012 U.S. History Mr. Green.

The Nation’s Sick Economy

LONG TERM CAUSES OF THE GREAT DEPRESSION

14 sec.1 Nation’s Sick Economy. Economic Troubles Housing boom faded Railroads lost business Mining & lumbering suffered.

Chapter 25 Section 1 The Cold War Begins Section 1 Causes of the Depression 21.1 Objectives Discuss the weaknesses in the economy of the 1920s. Explain.

BELL QUIZ: USE PAGES )What nickname was given to the day the stock market collapsed on October 29, 1929? 2)How many U.S. banks collapsed by 1933?

The Nation’s Sick Economy. Industries in Trouble Key industries barely making a profit Mining and lumbering faced diminished demands Key industries barely.

CHAPTER 14 SECTION 1 THE NATIONS SICK ECONOMY MAIN IDEA: As the prosperity of the 1920s ended, severe economic problems gripped the nation.

Americans prosperous called “Roaring 20’s” Depression started in 1929 with the crash of the Stock Market.

(top left side) Opener: What would happen if you spent more money than you actually had?

False Sense of Prosperity Mood of America optimistic about future Medical advances = life expectancy up 10 years Infant mortality down Standard of living.

Period 1, 5, & 6  We will examine the causes of the Great Depression  Go over video questions  Chapter 14.1 Notes  Quiz  Chapter 14.2 Reading.

The Nation’s Sick Economy The Great Depression (The Hoover Years):

In-class reading and questions.

CAUSES OF THE GREAT DEPRESSION 1.Governmental Economic Policies 2.Unchecked Speculation 3.Weak and Unregulated Banking Industry 4.Overproduction of Goods.

Unit #3: 1920’s, GD, New Deal Causes of the Great Depression.

Causes of the Great Depression. Economics of the 1920’s Harding, Coolidge, and Hoover Administrations are good to business –Believe that business will.

Unit #4: Great Depression & New Deal Causes of the Great Depression.

The Great Depression Depression

Roots of the Great Depression

Causes of the Great Depression

It’s the End of the World As We Know It…

Warm Up # 32 Describe what buying on margin is and why it can be so dangerous.

The Nation’s Sick Economy 14.1

The Great Depression Causes Review.

A Global Depression.

Chapter 22 Sections 1 & 2 The nations Sick Economy & Hardship and Suffering during the depression.

Chapter 14 Section 1 Notes The Great Depression

The Nation’s Sick Economy

The Great Depression Begins Pages

Causes of the Great Depression

Warm-up Write an argument explaining why the stock market crashed in Use insights you gained from our simulation.

Lesson 1 - The Great Depression

The Great Depression Begins

The Great Depression Begins

The Great Depression

THE GREAT DEPRESSION BEGINS

The Great Depression.

Unit 9 – Chapter 9 The Great Depression.

The economic hard times occurred

Buying on Credit & the Great Depression.

The Great Depression.

US History Review World War I Ends Relief if you survived

Objectives Discuss the weaknesses in the economy of the 1920s.

The Nation’s Sick Economy

The Nations Sick Economy

Causes of the Great Depression

A Global Depression.

Objectives Discuss the weaknesses in the economy of the 1920s.

Causes of the Great Depression

The Nation’s Economy Falters

Objectives Discuss the weaknesses in the economy of the 1920s.

World Wide Depression WWII Notes.

THE GREAT DEPRESSION BEGINS

Chapter 22 section 1 and 2 questions

The Great Depression.

Ch.22 Sect.1: The Nation’s Sick Economy

Period 1, 5, & 6 We will examine the causes of the Great Depression

Objectives Discuss the weaknesses in the economy of the 1920s.

GREAT DEPRESSION of the Causes PowerPoint & Notes Set

Presentation transcript:

“The End of Prosperity” The Great Depression “The End of Prosperity”

Prosperity of the 1920s The 1920s witnessed a time of change for America. Flappers and African-Americans began to change social norms. Hollywood and movies became popular. Prosperity reigned for most of the 20s and people did not See the economic disaster on the horizon.

What were the signs of economic trouble? 1) Troubled Industries a. Textiles - Faced competition from foreign producers in Japan, India, China and Latin America. SOUND FAMILIAR???? What are some modern examples of this? What are the emotions that workers in the U.S. have that face this issue? (Outsourcing/Globalization)

What were the signs of economic trouble? 2) Railroads - Lost business to new modes of transportation.

What were the signs of economic trouble? 3) Home Construction a. New home construction slowed b. Significant because of its impact on a wide range of economic areas. - Furniture industry struggles (Grand Rapids)

Why do farmers get into trouble? 4) Farmers Struggle 1) World War I had caused an increase in the demand for crops. After WWI the demand and prices fell. 2) Farmers could not pay back loans they had taken out to expand their farms during the prosperous times. 3) Government steps in: PRICE SUPPORTS: (McNary-Haugen Bill) a. Gov’t bought surplus crops at prices higher then the market rate. b. Gov’t would then sell these crops on the world market for lower prevailing prices. c. To make up for the losses of buying high and selling low, the gov’t placed a tax on domestic food sales. Passing the cost of the program onto consumers.

What Happened to People Living on Credit? 5) People Abusing Credit 1) Many Americans appeared prosperous during the 20s, when in actuality they were piling up huge debts due to credit. 2) CREDIT: Consumers agree to buy now and pay later with interest added. 3) Why do people fall into credit card debt?

Credit Card Questions 1) Why do people fall into credit card debt? 2) Why do many Americans feel the urge to keep up with their neighbors/friends? 3) What is your philosophy for using credit cards?

How did uneven distribution of income lead to economic trouble? 1) Nearly ½ the nation’s families earned under $1,500/year. - Considered the minimum for a decent standard of living 2) Rich Americans in the 20s saw their income increase - The income of the wealthiest 1% rose by 75% 3) Because of this gap many Americans did not have money to buy numerous goods that factories produced.