The Great Depression Chapter 22 Sec 1&2 Many American industries werent making large profits. –Steel, railroads, cars, construction, coal mining, lumber.

Slides:

Advertisements

Similar presentations

THE GREAT DEPRESSION.

Advertisements

Were still arguing about it but the culprits likely were: Underinvestment, underconsumption, monetary policy and trade wars.

Election of 1928 Hebert Hoover wins in a landslide.

The Great Depression.

Growing Economy… During the 1920s Americans enjoyed a new standard of living Wages increased & hours at work decreased Mass production: Large scale product.

1920s BOOM 1930s BUST Main Idea: The prosperity of the 1920s seemed

Causes of the Stock Market Crash

The Causes of the Great Depression

Great Depression Chapter 22 Section 1.

TEKS 8C: Calculate percent composition and empirical and molecular formulas. Causes of the Great Depression.

The Great Depression. Rising Market  The rising stock market dominated the news  People who were invested were waiting for the fall of the Market, so.

Throughout the 1920s, Americans had more leisure time than every before thanks to new time-saving appliances, electricity, and cars. The problem? They.

Chapter 11 The Great Depression. Key Terms and People Gross National Product: GNP- total value of goods and services produced in a nation during a specific.

Write down at least three things you know (or think you know) about the Great Depression.

Economic Problems lead to Depression US History Standards: SSUSH17 The student will analyze the causes and consequences of the Great Depression. a. Describe.

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

The Great Depression: 4 Causes & A “Spark” Unbalanced economy Credit crisis International Depression Joblessness & Poverty “Spark” Black Thursday.

The Great Depression Chapters 22 and 23. A Nation in Trouble Many industries struggle after WWI Boom – Lumber, mining, steel Farms Struggle – Price-Supports.

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

PROSPERITY TO THE CRASH. Goals for today  Understand the major causes and effects of the stock market crash and the Great Depression.

11:1 Causes of the Great Depression Election of 1928

The Great Depression The Crash & It’s Causes. The CRASH Thursday, October 24, 1929 sell, Sell, SELL! Five leading NY bankers meet at noon, secretly pump.

The Causes of the Great Depression

Chapter 22 Sections 1 & 2. Industry  Key industries barely made a profit (i.e. railroads, textile, steel)  Some lost business to foreign competition.

The Great Depression Unit 7

71% of the population earned less than $2,500 a year Increasing personal debts due to “credit” Overproduction in factories and farms causing prices to.

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.

Causes of The Great Depression

Republican candidate Herbert Hoover “A chicken in every pot and a car in every garage” Democrat candidate Alfred E. Smith Outcome: - Hoover wins  Times.

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

Customers deposit money in a bank Banks invest that money by making loans Banks make money on the interest from loans.

Causes of the Great Depression

THE GREAT DEPRESSION.

The Great Depression ( )

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 Great Depression CAUSES. Warning Signs in the 1920’s 1.Major industries (steel, textiles, railroads) losing money 2.Less consumer demand for “Boom.

Chapter 9 The Great Depression

The Nation’s Sick Economy What caused the economy to go bad at the end of the 1920s?

THE GREAT DEPRESSION CHAPTER 9. ELECTION OF 1928 DEM. CHOSE ALFRED SMITH - CATHOLIC RELIGION REP. HERBERT HOOVER (SECRETARY OF COMMER) UNDER HARDING (WON)

THE GREAT DEPRESSION BEGINS Photos by photographer Dorothea Lange Objective: Analyze the causes of the Depression.

Causes of the Great Depression. 6 Causes of the Great Depression 1.Republican domestic and international business policies 2.Unchecked stock speculation.

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

Opening Assignment Would you borrow money to invest in the stock market if it was easily available? What stock would you buy? How might this be very profitable.

Causes of the Great Depression CHC 2DI S. Todd. 1. Over-production and over- expansion – Industry in the 20s expanded too quickly – Large amounts of money.

THE GREAT DEPRESSION AND THE NEW DEAL Unit 2: Chapters Notes.

Chapter #15 The Great Depression. Causes American industry over- expanded production. Too much supply=low demand ($) for products.

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

The Nation’s Sick Economy Chapter 22 Section 1 Notes.

The Nation’s Sick Economy What caused the economy to go bad at the end of the 1920s?

The Nations Sick Economy Chapter 14 Section 1 Information from the textbook The Americans, 2006.

Causes of the Great Depression ■The 1920s were a decade of consumer spending & the economy looked healthy on the surface: –Income did increase in the 1920s,

Causes of the Great Depression. Possible Causes of the Great Depression Stock Market Crash Over production Unequal distribution of wealth Consumerist.

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

Bellwork  What is consumerism/consumer culture?  What, if anything, do you know about the 1930s in the U.S. or the world?

22-1: The Nation’s Sick Economy. Industry Key industries barely made a profit Some industries lost business to foreign competition and new American technologies.

The Great Depression: Causes and Effects 6.3: Explain the causes and consequences of the Great Depression, including the disparities in income and wealth.

THE GREAT DEPRESSION The Nation’s Sick Economy. The future’s so Bright, I gotta wear shades? 1920’s were a prosperous decade to many, but not all. Trouble.

The Great Depression: Causes and Effects

The Great Depression: Causes and Effects

The Great Depression: Causes and Effects

The Great Depression

The Great Depression: Causes and Effects

Today’s Question 1. What were the four (4) major causes of the Great Depression.

The Nation’s Sick Economy

UNIT 12- The Great Depression and the New Deal

The Nations Sick Economy

Notes 3.3: The Fun.

The Great Depression ( )

The Great Depression: Causes and Effects

Presentation transcript:

The Great Depression Chapter 22 Sec 1&2

Many American industries werent making large profits. –Steel, railroads, cars, construction, coal mining, lumber. Housing sales stopped. So what, why do I care!! What do you need to put in a new house?

Causes of the Great Depression 1. American policies and tariffs cut down the foreign market for U.S. goods. 2. Overproduction by farms. –Annual Farm Income 1919= $10 Billion 1921= $4 Billion 3. Overuse of Credit- people were in debt. –They buy less goods 4. Unequal Distribution of Wealth. –70% of the nation made less than $2500 a year. –½ of homes had electricity. –Couldnt afford consumer goods. –While the income of wealthiest 1% increased by 25%.

In the late 1920s on farms… Overproduction made prices fall. Farmer got loans for machines and produced more. (sound familiar) Price fell more. Farmers defaulted on the loans and s lost farms. Rural banks that gave loans failed.

Peoples received lower wages. They still wanted the nice things they were used to having, so they used… CREDIT- Why is this dangerous? When the debt became too big, people stopped spending.

Election of 1828: Herbert Hoover Wins!! Many invested their wealth in the Stock Market People were engaging in speculation. –Seeking quick return investments –Ignoring the risk involved Buying on Margin= Buying stocks with borrowed money. –If stock prices fell, they could not pay off the loans

Then….

What was Black Tuesday? On October 29 th 1929, the stock market crashed. Investors hurried to sell stocks before they were worthless. $30 billion dollars in stock became worthless overnight million shares of stocks were sold that day. Others could not be sold and became worthless.

The Effects of the Stock Market Crash Americans panicked took money out of banks. Banks lost money and couldnt pay customers By ,000 of 25,000 banks n the U.S. had failed. 9 million savings accounts disappeared. 90,000 businesses closed. 25% of workers were out of work by Those with jobs had pay cuts.

More Results!!! (These are from Ch 14 sec 2) Shanty towns Soup kitchens/Breadlines –Run by ? Increase in Racism 400,00 farms lost to foreclosure

The Dust Bowl –Drought in the Plain states Hobos ( ) 24,647 killed for tresspassing 27,171 injured on railroad property Okies 2600 Schools shut down 300,000 studen Suicide rate up 30%

Americans were: Americans were: struggling demoralized without hope And finally…

The government wanted a quick solution so they passed… The Hawley Smoot Tariff act. –It created a tariff on foreign goods. It made things worse. –Other countries stopped buying our stuff too.