1. Bellringer Under-consumption caused
People to take advantage of low prices
Farmers to grow more
Farmers to plant less
Factories to produce more
Margin buying
Gave stockbrokers a larger margin of profit
Is when paper has narrow margins
Is the best way to develop a large stock portfolio
Is credit extended to people buying stock
What is stock?
A loan to a company
Part ownership in a company
A no-risk investment
The same as a bond
Over production was caused by
Mechanized farm equipment
Prices for farm goods being too high
Having more workers after WWI ended
Women being able to work

2. Life During the Great Depression
SSUSH17 The student will analyze the causes and consequences of the Great Depression.
b. Explain factors (include over-farming and climate) that led to the Dust Bowl and the resulting movement and migration west.
c. Explain the social and political impact of widespread unemployment that resulted in developments such as Hoovervilles.

3. Brother Can You Spare a Dime
Listen to the song and make a list of things that you learned about the life of the singer before and after the Great Depression.

4. "Brother, Can You Spare a Dime," lyrics by Yip Harburg, music by Jay Gorney (1931) 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. They used to tell me I was building a dream, 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 remember, I'm your pal? Buddy, can you spare a dime? DISCUSS YOUR FINDINGS!

5. Causes of the Great Depression

6. Did Herbert Hoover’s “hands off” policies cause the Great Depression?
Landslide victory in 1928
Conservative Republican
“General Prosperity”
Keep tariffs high
Pay down government debt
Balance the budget
Keep inflation low
Keep government out of economy

7. Did Herbert Hoover’s “hands off” policies cause the Great Depression?

8. Did Herbert Hoover’s “hands off” policies cause the Great Depression?
He kept promising recovery is here!
Believed in hands-off government, but did more than any previous president
Too little, too late!

9. Hoovervilles
As more workers lost their jobs, they were unable to pay their rent or mortgage and were evicted
This new class of homeless began to build shacks on the outskirts of cities called shantytowns, or Hoovervilles.

10. Hoover Blankets
---”We’d Like to Thank you Mr. Hoover”

11. 2 million migrants and “hobos”
13 million out of work by 1933

12. Great Depression Numbers
over 1.5 million mortgages failed

13. Great Depression Numbers
over 8,000 banks failed

14. Great Depression Numbers
1933 over 13 million out of work (over 25% of the population)

15. Great Depression Numbers
Stock Market lost 90% of its value

16. The Dust Bowl
When farmers were unable to pay back their loans, many stopped planting crops
In 1932 a drought hit the Great Plains, turning much of the top soil into dust
With the lack of rain and crops, wind blew the dried soil for hundreds of miles

18. Closing: Now and Then
Compare and contrast the Great Depression and the recent recession. How is the situation we live in today alike, and how is it different?
---Bushvilles (modern day Hoovervilles) 2min