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The Great Depression
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I) Pre-Stock Market Crash
A) Economy seemed strong B) Less than 4% of American unemployed -1930: More than doubles -1931: Quadruples to 16% (over 8 million)
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II) Factors of the Great Depression
1) Stock Crash 2) Overproduction Items made too fast Supply/Demand Lay off workers
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II) Factors of the Great Depression (cont.)
3) Banks out of business Bought on credit Can’t pay back 4) Foreign Countries - Still in debt - Don’t buy products
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Recall What were the four factors that led to the Great Depression?
Which factor do you think was the most important?
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III) Farmers A) Post WWI Not “Roaring 20’s” Financial difficulty
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III) Farmers B) Crop prices Can’t support families Plow more lands
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III) Farmers C) Dust Bowl Drought happens, dries soil
Plain winds cause dust storms Farmers forced to relocated
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IV) African Americans A) North B) South Lost jobs to white
“Last hired, first fired” B) South Sharecroppers in fields Farmer troubles
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V) Women Lost jobs Business owners: important to hire married men
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Partner Discussion Overall, who had the worst Great Depression experience: Farmers, African Americans, or women?
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VI) America Overall A) Lost Confidence
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VI) America Overall B) Uncertainty about future
Businesses: no new investments Employed: worried about losing jobs Unemployed: No hope
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VI) America Overall C) Breadlines free food Symbol of Depression
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Summarize Write a two sentence summary about American’s experience during the Great Depression.
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