Good afternoon! Please get out… Your Major Themes sheet Your chart on the causes & impacts of the Great Depression Be prepared for a brief quiz.

Notes Quiz Please remember your academic integrity!!!

First Four Please find a place in your notes to begin your work on Unit 5. Find a place to respond to the question on the following slide…

End Four Minutes First Four Think of a time when your life changed dramatically. How did you react to this change? To change the timings of this timer, you need to enter the animation settings, and change the timings for the Isosceles Triangles. There will be 2 that need changing (to the same amount) – one animates the top triangle emptying, whilst the other animates the bottom triangle filling. When you change the timings these have to entered as a number of seconds. End

I see, I think, I wonder…

Four Minutes First Four Should the national government help people in times of severe economic crisis? What would be the benefits of this, and what might be the pitfalls? To change the timings of this timer, you need to enter the animation settings, and change the timings for the Isosceles Triangles. There will be 2 that need changing (to the same amount) – one animates the top triangle emptying, whilst the other animates the bottom triangle filling. When you change the timings these have to entered as a number of seconds. End

I see, I think, I wonder…

The Great Depression & The New Deal

Unit 4 How do we react to change? Great Depression & The New Deal

Guiding Question #1 How great was the impact of the Great Crash and the Great Depression on the USA?

1920s had been a time of great prosperity! GQ#1 - How great was the impact of the Great Crash and the Great Depression on the USA? The Jazz Age Harlem Renaissance 1920s had been a time of great prosperity!

Why Such Prosperity in 1920s? Access to electricity Mass production of new products Lower taxes after the war Republican control after Progressive Era & WW I Laissez-Faire, Higher Tariffs Widespread use of credit Installment plans Buying on margin

Why Such Prosperity in 1920s? Stock Market & Buying on Margin Bull/Bear Market Role of Banks – speculators Superficial prosperity?

1929 Warnings Stock Inflation Overproduction Farm Crisis Stock market value from $27B to $87B Overproduction Farm Crisis

Collapse Black Thursday – Oct. 24, 1929 Black Tuesday – Oct. 29 Effects? Investors – loss of $30 B Banks Public Businesses Workers

Great Crash Investors World Payments Businesses and Workers Banks Investors lose millions. Businesses lose profits. Consumer spending drops. Workers are laid off. Businesses cut investment and production Some fail. Banks Businesses and workers cannot repay bank loans. Savings accounts are wiped out. Bank runs occur. Banks run out of money and fail. World Payments Overall U.S. production plummets. U.S. investors have little or no money to invest. U.S. investments in Germany decline. German war payments to Allies fall off. Europeans cannot afford American goods. Allies cannot pay debts to United States.

CAUSES OF THE GREAT DEPRESSION LAISSEZ-FAIRE POLICIES of 1920s OVER PRODUCTION DISPARITY OF WEALTH CAUSES OF THE GREAT DEPRESSION LAISSEZ-FAIRE POLICIES of 1920s STOCK MARKET CRASH OVERUSE OF CREDIT WAR PAYMENTS & TRADE IMBALANCE TARIFFS

Class website: Unit 5 subtab “Impacts of GD” GQ#1 - How great was the impact of the Great Crash and the Great Depression on the USA? Class website: Unit 5 subtab “Impacts of GD” What were the impacts? Categories? Specifics? Which were most significant & why?