Do Now 2/28 1) What do you see? Make a list. 2) What questions do you have? 3 minutes!

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Presentation transcript:

Do Now 2/28 1) What do you see? Make a list. 2) What questions do you have? 3 minutes!

Turn and Talk 1)What do you think is the message of this political cartoon? 2)How does this cartoon connect with what we learned yesterday? (Hint –look at your notes!) 2 minutes!

Objectives – We will: -recall what we learned yesterday about the causes of the Great Depression -Identify causes of the Great Depression -Explain how the under-consumption could lead to unemployment. -Compare and contrast what you know about today’s economy and what you learned in class today about the Great Depression.

Agenda Do Now (3) Turn and Talk (5) Mini-lesson (10) Film (10) Graphic Organizer (5) Reading (8) Questions (10) HW (3) Wrap-up (3)

8.4 What caused the Great Depression? Could it happen again? Causes: stock market crash, overproduction, under-consumption, unemployment, banks close 5 minutes!

Under-consumption People buy fewer things Businesses lose money ? Unemployment 5 minutes!

Great Depression Film Notes How much money was lost when the stock market crashed? How many Americans owned stock at this time? Was it a lot of people or a few? Why did banks close? By 1933, how many states did not have banks?

The Economic Crash of the 1930s Overproduction causes less consumption Less production (things made) and less employment Businesses make less money Stock market crashes Bank runs 5 minutes!

Could this happen again today? Read and answer questions in your notebook. 8 minutes to read 10 minutes to answer questions

Homework 1)Finish answering questions from the reading in your notebook. 2)Analyze the political cartoon (use handout – write in left-side) 3)Respond to the question of the day – 8.4

Wrap-up Today we reviewed the causes of the Great Depression. It was occurred when: _____________, ________________, ___________________, ______________ and __________________. Also, we read about how a speculative bubble might lead to another depression today. A speculative bubble is when _______________