1920s We’ve looked at the interesting, now how do we get to the cause of the depression? I can understand the CRASH of the 20s.

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Presentation transcript:

1920s We’ve looked at the interesting, now how do we get to the cause of the depression? I can understand the CRASH of the 20s

Listen to the song “Blue Skies” by Irving Berlin. Respond to the following questions in your“Blue Skies” Learning Target: I can understand “The Crash”. Opener: 1) What is the mood of this song? 2) Think about what we have learned about the 1920s up to this point. How does this song reflect the attitude of the average American during the 1920s? “Blue Skies” Music and Words by Irving Berlin Blue skies smilin’ at me Nothin’ but blue skies do I see Bluebirds singin’ a song Nothin’ but bluebirds all day long. Never saw the sun shinin’ so bright Never saw things goin’ so right Noticing the days hurrying by When you’re in love, my how they fly. Blue days, all of them gone Nothin’ but blue skies from now on (Blue skies smilin’ at me Nothin’ but blue skies do I see.) Never saw the sun shinin’ so bright Never saw things goin’ so right Noticing the days hurrying by When you’re in love, my how they fly Blue days, all of them gone Nothin’ but blue skies from now on Nothin’ but blue skies from now on. I can understand the CRASH of the 20s

AMERICAN INDUSTRIES DURING THE 1920S Farmers: For farmers the 1920s was a tough decade – Loans for land from WWI – war ended- could not pay loans – Forclosure of farms Railroad, textile, and steel – People invested money in other things I can understand the CRASH of the 20s

AMERICAN INDUSTRIES DURING THE 1920S Automobiles: Growth in the car industry Mass production of cars assembly line Increase in productivity I can understand the CRASH of the 20s

OPTIMISM AND THE 1920S With the growing economy the expectation was for a great future! – optimism in the market Invested in the stock market I can understand the CRASH of the 20s

OPTIMISM AND THE NEW YORK STOCK EXCHANGE American stock exchange boom of – Known as the “Bull Market” People made many investments to make quick profits (speculation ) Investors were buying on the margin Businesses were booming and investments were being made This results in overspeculation – At the same time, excessive expansion of credit I can understand the CRASH of the 20s

A commonly used metaphor to describe this period of expansion is a “bubble” What happens to bubbles? I can understand the CRASH of the 20s

The Stock Market Crashes (THE BUBBLE BURSTS) When: October 29 “BLACK TUESDAY” 1929“BLACK TUESDAY” 16,000,000 shares were traded What Happened: Prices on the stock market collapsed completely!!!! – people panicked and wanted “their” money – Went to banks to take money- NO money – People did not put any more money in the market- market stopped I can understand the CRASH of the 20s

What happened I can understand the CRASH of the 20s

MAJOR CAUSES OF THE CRASH! Review Overspeculation – investments were being made on borrowed money, businesses aren’t really growing The expansion of credit Buying on the margin People were not saving their money I can understand the CRASH of the 20s

THE STOCK MARKET CRASH IS GOING TO SIGNAL THE START OF THE GREAT DEPRESSION ( ) Closure: How was the end of the 1920s (The Crash) different than the beginning of the 20s (Roaring 20s)? Give 2 ways and explain them. I can understand the CRASH of the 20s