1. Minds on – product review
On the next slide I’m going to show you a product you’ll all remember (and may of you had, I know!)
With your partner/people close to you I want you to discuss:
Why were these so darn popular and reasons you think the business was a huge success
Reasons you think they went out of business and why these aren’t popular today

3. Mind’s On – Think Share
On your own or with a partner, brainstorm some ideas that would signal that our society is in difficult economic times As a group describe the working year for a construction worker

4. The Roaring Twenties turn into The Dirty 30s

5. Causes of the GD - Recap

6. The business cycle Recession:
When work begins to slow down; workers begin getting laid off.
Depression:
There a few/no jobs. No one is hiring, and there is no investment.
Recovery:
Things begin picking up. Business/investment returns and people begin getting jobs.
Prosperity:
The economy is in in full swing. People have jobs, are earning/saving, and are contributing to the economy

7. Over Production and expansion
Definition: During the Roaring 1920s business expanded rapidly and many goods were stockpiled to keep meeting demand.

8. The Problem: After the crash demand for consumer goods plunged and businesses were forced to lay off workers or close up shop.

9. Canada’s Dependence on Primary Products
Definition: The Canadian economy that developed during the 1920s was based on a few natural resources like pulp and paper, steel, and wheat.

10. The Problem:
When demand for these products dropped Canada had no way to employ people or keep the economy moving.
Secondary industries fell apart as well (eg: no wheat farming means no transportation or sale of wheat)

11. Canada’s Dependence on the US
Definition: In the 1920s the Canadian economy became increasingly dependent on the US as a trading partner (Imports/Exports). The Problem: After the crash trade with the US plummeted. “When the US coughs, everyone else get sick.”

12. Too Much Credit Buying
Definition: In the 1920s there was a “buy now pay later” mentality to buy new goods and inventions and even stocks.

13. The Problem: When people’s investments were wiped out by the crash, many were unable to pay back the money they had borrowed and businesses suffered greatly.

14. Buying on margin
Definition: People were also buying stocks on credit. Problem: When people couldn’t pay the brokers dumped the stock, making the worthless. This was the situation on ‘Black Tuesday’

15. Canadian Scrapbooks
Grab one of the scrapbooks and use the pg. #’s to investigate Life in the Great Depression!

16. Wrap-up On a piece of paper do the following:
Write down the most important Cause of the Depression from today at the top
Then draw a cartoon featuring this idea (mad art skills or stick figures, it’s all good!)