DO-NOW: What is a depression? How would you describe the current status of the US economy?

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Presentation transcript:

DO-NOW: What is a depression? How would you describe the current status of the US economy?

Depression: a period of sharp decline in the economy Inflation: an increase in prices & a decline in the purchasing power of money Capital: money used for investment Self-Sufficient: able to provide for oneself without help from others Stock Market Crash of 1929: stock prices fell dramatically Debt: Money owed

Everyone will complete the following task: Read Documents #1 – 4 Underline/Highlight any important information Answer the questions that go with each document

CausesEffects Huge Debt from World War IUnemployment European dependence on US $Loss of Faith in Capitalism/Democracy Overproduction of goods and lack of demand Authoritarian leaders gain support Stock Market Crash of 1929Rise of Fascism/Rise of Hitler/Rise of Mussolini America can no longer loan money to European nations World War II begins Businesses and factories fail, because banks recall loans

Using the information provided, craft a short Newspaper article that you would see in Europe during the 1920’s or 1930’s.