The Great Depression The Great Depression I. Economic Decline A. “Too much” competition A. “Too much” competition 1. New business competition 1. New business.

Slides:

Advertisements

Similar presentations

Causes of the Great Depression

Advertisements

A worldwide depression.  In the late 1920s, American economic prosperity largely sustained the world economy.  If the U.S. economy weakened, the whole.

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.

Ch. 14 Sec. 1 The Nation’s Sick Economy

Essential Question: What caused the Great Depression?

Unemployment During the Great Depression Jenna Mallinger December 1, 2006 Macroeconomics.

The Stock Market Crashes Video Recap &feature=related.

Causes of the Great Depression

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

1920) World economy = a delicately balanced house of cards. Key card that held up the rest was American economic prosperity. HoJun.

A Worldwide Depression

1920’s “Crash and Depression” “The Great Depression Begins”

The Causes of the Great Depression

Causes of the Great Depression

Beginning of the Great Depression Braff. Economic signs of a bad future In the late 1920s… Industry wasn’t as strong Failing Farmers Rising prices of.

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

 1920's had been a period of good economic times  Tuesday, Oct. 29th, NYC Stock market crashed, causing a depression that would last years.

The Great Depression Unit 7

LONG TERM CAUSES OF THE GREAT DEPRESSION

Causes of The Great Depression. Hoover Elected President Election of 1928 takes place during prosperity –Hoover runs campaign on Republicans prosperity.

Causes of the Great Depression:

BELL QUIZ: USE PAGES )What nickname was given to the day the stock market collapsed on October 29, 1929? 2)How many U.S. banks collapsed by 1933?

Causes of the Stock Market Crash of Depression : Period of severely reduced economic activity characterized by rise in unemployment.

The Great Depression The Great Depression Black Tuesday & the Great Crash bull market – rising stock prices (way too fast)  plummeted to bear market.

CHAPTER 14 SECTION 1 THE NATIONS SICK ECONOMY MAIN IDEA: As the prosperity of the 1920s ended, severe economic problems gripped the nation.

Americans prosperous called “Roaring 20’s” Depression started in 1929 with the crash of the Stock Market.

(top left side) Opener: What would happen if you spent more money than you actually had?

WATCHING THE ECONOMY CRUMBLE The Stock Market and the Great Depression.

Stock Market Crash Economic Changes during the 1920s Republican presidents are Pro-business and follow a laissez-faire policy Many people experience.

’s THE GREAT DEPRESSION Black Tuesday October 29, 1929 The stock market crashed further than ever before. This was the end of the great economic.

The Stock Market Crash Chapter The Nation’s Sick Economy The prosperity of the 1920s was superficial: Major industries are not making a profit;

The 1920s were a decade of consumer spending and the economy looked healthy on the surface In October 1929, the “Roaring Twenties” came to an end and the.

False Sense of Prosperity Mood of America optimistic about future Medical advances = life expectancy up 10 years Infant mortality down Standard of living.

Causes of the Great Depression. Signs of economic trouble Uneven wealth – 1% of population controlled 34% of the wealth. Living on credit – Installment.

The Great Depression “The illusory prosperity and feverish optimism which marked preceding years have given way to fearful economic insecurity and to widespread.

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.

 An average of 600 banks failed each year  Agricultural, railroad, and coal mining sectors were continually depressed  Value of farmlands fell 30-40%

Instability After World War I. THE BUSINESS CYCLE All economies go through a natural cycle of expansion and recession Some periods of recession are worse.

10/13 Bellringer 5+ sentences It is often thought to be true that it is nearly impossible to “legislate morality”. Many historians would use the 18 th.

The 1920s were a decade of consumer spending and the economy looked healthy on the surface Income did increase in the 1920s, but there were severe problems.

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.

 Though the economy of the United States appeared to be prosperous during the 1920s, the conditions that led to the Great Depression were created during.

 What events led to the stock market’s Great Crash in 1929?  Why did the Great Crash produce a ripple effect throughout the nation’s economy?  What.

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

The Causes of the Great Depression: A Canadian Focus The information contained in the next 6 slides is adapted from Ross Jopling, Glen Forest Secondary.

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

THE GREAT DEPRESSION.  Black Tuesday – 29 October 1929  Stock market crashed in United States  Value of stocks plummeted & investors panicked and scrambled.

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,

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

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.

Aim: To what extent was the Great Depression inevitable?

CAUSES OF THE GREAT DEPRESSION. Definition of the Great Depression ► An economic depression in the United States and Europe ► Lasted from

A Global Depression. The United States was supporting the rest of the world. If the U.S. fails, what happens to the rest of the world? The Great Depression.

The Nation’s Sick Economy CHAPTER 14 – SECTION 1.

The Nation’s Sick Economy 14.1

The Causes of the Depression

The Business Cycle Introduction to Business & Marketing

Warm-up Write an argument explaining why the stock market crashed in Use insights you gained from our simulation.

March 14, 2018 U.S. History Agenda: DO NOW: Term Matching

Causes of the Great Depression

Emerging Problems Under Harding and Coolidge, the US became the most wealthy and prosperous nation in the world People buying, producing, and stock.

The Causes of the Depression

Great Depression & The New Deal

#1 Chapter 14 The Great Depression Begins

THE GREAT DEPRESSION BEGINS

“We are nearer to the final triumph over poverty than ever before in the history of any land.”

The Nations Sick Economy

What conditions of the 1920’s caused the Great Depression?

Presentation transcript:

The Great Depression The Great Depression I. Economic Decline A. “Too much” competition A. “Too much” competition 1. New business competition 1. New business competition a. Lower prices for consumers a. Lower prices for consumers b. Less profit for business b. Less profit for business 2. Decline in clothing sales 2. Decline in clothing sales a. Manufacturing moved south a. Manufacturing moved south b. Foreign competition b. Foreign competition c. Changing styles of clothing c. Changing styles of clothing -shorter skirts = less fabric -shorter skirts = less fabric

B. Decline in Coal Industry 1. New energy sources a. Oil a. Oil b. Petroleum / Gas b. Petroleum / Gas c. Hydroelectric c. Hydroelectric 2. Coal mines shut down

C. Farm Over-Production 1. U.S.A. produced mass-quantities of food to help Europe after WWI to help Europe after WWI a. Demand was high a. Demand was high b. Prices were high b. Prices were high 2. Europe stabilized a. Demand decreased a. Demand decreased b. Prices plummeted b. Prices plummeted -profits vanished -profits vanished -Americans panicked -Americans panicked

D. Stock Market Crash (October 29, 1929) 1. Panic caused mass-sale of stocks a. Stock values plummeted a. Stock values plummeted 2. “World Depression” a. No foreign demand for U.S. products a. No foreign demand for U.S. products

E. Poor Distribution of Wealth 1. Economic decline = loss of jobs 2. 3/5 of U.S. $ owned by 2% of people a. 98% of people = low income (poor) a. 98% of people = low income (poor) b. People had no $ to spend b. People had no $ to spend c. Economy came to a halt c. Economy came to a halt

Unemployment During the Great Depression

Questions 1. What were the primary causes of the Great Depression? 2. What effects did the Great Depression have on the American people? 3. What actions did President Hoover take to try to deal with the Great Depression?