Objective 3.2: Discuss the collapse of the US stock market and the part this and other factors played in causing the Depression.

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Objective 3.2: Discuss the collapse of the US stock market and the part this and other factors played in causing the Depression

 What previous knowledge was confirmed in the text?  What new knowledge was put forth in the text?  What surprised you about the text?  What confused you about the text?

1. Read the background essay 2. Analyze the documents around the room; record the main idea of each document 3. Organize the documents by causes; one or more of the documents may be simply contextual 4. Clearly state how each cause contributed to the decline of the economy 5. Decide which causes of the Great Depression were the most important

 Answer the following prompt in a full essay… To what extent was is it true that the Wall Street Crash did not cause the Depression?

 If someone says it better, let them say it… CRASH COURSE #202 (World History) While watching, jot down notes on the role(s) money and debt plays in society  Think about both the positives and negatives

 Define the following terms related to the start of the Great Depression Speculation Overproduction Underconsumption Buying on margin Tariff Capital Credit Stock Market Crash

 Read the given article  Analyze the article in relation to the following questions… 1. What was the unemployment rate during the Great Depression? 2. Why have economists stopped using the word “depression”? 3. Does the article suggest that we are close to another Great Depression? 4. What are some of the similarities between the GD and today’s economy that the article gives?---similar declines in stock market, bad loans, banks are slow to lend money. 5. Did the fed raise or lower interest rates during ? Why were their actions bad for the economy? 6. What was the Hawley-Smoot Tariff? Was this good or bad? 7. How do government policies differ today than during the 1920s and early 1930s?-----bailout, lowering interest rates 8. Why is consumer confidence so important?---Consumer confidence means that people are willing to spend money.

 What is tent city?  How did film clip make you feel about the current state of the economy?

Great Depression Great “Recession”