Do Now: What is good about having a credit card? What is bad?

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Do Now: What is good about having a credit card? What is bad? Focus Question: How did the economic “boom” of the 1920s come to a crash in 1929, leading to the worst economic time in U.S. history? Do Now: What is good about having a credit card? What is bad?

1920s Economic Boom BUT… Problems DEPRESSION mass production new consumer products “bull” market overproductio n credit buying stocks bought “on margin” unequal prosperity businesses can’t pay debt stock market crashes “bank runs” people lose their savings businesses fail unemployme nt rises