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Depression Causes
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C D B A E/A
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US Economy 1914-1950 WWI 20s Depression New Deal WWII
There was a huge increase in war goods needed to fight WWI. The drop after WWI was slightly recovered during the 20s because of ads, the car and credit. During the Depression, the economy suffered a decline and a slight recovery during the New Deal. However, the real recovery was WWII. Thus the New Deal FAILED!
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Ford’s 5.00 Day Why did Henry Ford want to pay his workers more money?
What were the psychological and social limitations of Ford’s strategy? What was Ford’s Sociological Department?
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1. Removed skill from labor
Taylor 1. Removed skill from labor 2. Top down management Ford 1. Increase wages 2. Use of Sociological Department Increase the production of the worker
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Production Group Number Hour Per 8/Hours 5 Days Working
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Modern Times Clip Connect simulation to video clip
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Directions: Think about the possible outcomes of each scenario
Directions: Think about the possible outcomes of each scenario. Would the scenario cause an economic increase or decrease and why?
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WWI is Over
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Inflation causes prices to go up so the government tightens up credit
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Removal of money from the economy
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European nations rebound after WWII and can now produce needs and wants on their own
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Credit
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Ads
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Surplus Up and Wages Down
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Banks Closing Down and Not Distributing Deposited Money
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Americans Start to Save Money In their Homes
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Americans Lose their Jobs
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Stock Market Crash Causes American Companies to Lose Capital
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The Ferris Wheel: to understand this section you must remember WWI and the loans to European Nations. During the war, American banks lent money to the Allies. The Allies then used that money to buy American war related war goods. That is the reason for the Allied Powers demanding German reparation payments. US loans money to the Allied Powers Germany pays reparations Allies receive money from Germany to pay back Americans
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How did Germany pay during the 20s?
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US lends money to Germany
US loans money to the Allied Powers Germany pays reparations Allies receive money from Germany to pay back Americans
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Stocks During the Depression
You all have to either: Buy stocks Save your money Put it in the bank
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You all have 100.00 to either: Buy stocks Save your money
Ford Sheer Metal G and E NY Times Citibank Cost: You all have to either: Buy stocks Save your money Put it in the bank
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Sell stocks purchased last round Save your money Put it in the bank
Ford Sheer Metal G and E NY Times Citibank Cost: Buy stocks Sell stocks purchased last round Save your money Put it in the bank
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News Scher Metal negotiates contract with Ford
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Sell stocks purchased last round Save your money Put it in the bank
Ford Sheer Metal G and E NY Times Citibank Cost: Buy stocks Sell stocks purchased last round Save your money Put it in the bank
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News Ford increases production due to sales
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Sell stocks purchased last round Save your money Put it in the bank
Ford Sheer Metal G and E NY Times Citibank Cost: Buy stocks Sell stocks purchased last round Save your money Put it in the bank
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Sell stocks purchased last round Save your money Put it in the bank
Ford Sheer Metal G and E NY Times Citibank Cost: Buy stocks Sell stocks purchased last round Save your money Put it in the bank
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Sell stocks purchased last round Save your money Put it in the bank
Ford Sheer Metal G and E NY Times Citibank Cost: .01 Bankrupt Buy stocks Sell stocks purchased last round Save your money Put it in the bank
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Sell stocks purchased last round Save your money Put it in the bank
Ford Sheer Metal G and E NY Times Citibank Cost: Bankrupt Bankrupt Bankrupt 10,000 Bankrupt U mad, *click* or nah??? Love, 3B <3 Buy stocks Sell stocks purchased last round Save your money Put it in the bank
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Debriefing What motivated you to buy, sell or save?
What impact would your decision have on the economy? What if each now has extra?
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Spare a Dime Song They used to tell me I was building a dream, and so I followed the mob, When there was earth to plow, or guns to bear, I was always there right on the job. with peace and glory ahead, Why should I be standing in line, just waiting for bread? Once I built a railroad, I made it run, made it race against time. Once I built a railroad; now it's done. Brother, can you spare a dime? Once I built a tower, up to the sun, brick, and rivet, and lime; Once I built a tower, now it's done. Brother, can you spare a dime? Once in khaki suits, gee we looked swell, Full of that Yankee Doodly Dum, Half a million boots went slogging through Hell, And I was the kid with the drum! Say, don't you remember, they called me Al; it was Al all the time. Why don't you remember, I'm your pal? Buddy, can you spare a dime? Say, don't you remember, they called me Al; it was Al all the time. Say, don't you
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Essays Link the Roaring 20’s to the start of the Great Depression by focusing on three causes. The New Deal as a solution to the Great Depression. Focus on three causes and three solutions. How would this solution solve the economic problems caused by the Great Depression? The New Deal was a turning point from no restriction capitalism to government restricted capitalism.
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