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Read “One American’s Story” on page 642. Summarize it in your own words.

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Presentation on theme: "Read “One American’s Story” on page 642. Summarize it in your own words."— Presentation transcript:

1 Read “One American’s Story” on page 642. Summarize it in your own words

2 Economic Troubles on the Horizon Businesses and farmers face diminished demand for goods in the 1920s As incomes fall, many Americans pile up on debts and cut back on spending The country elects Herbert Hoover in 1928 because most Americans believe the nation is prospering

3 The Stock Market comes Tumbling Down Onset of the Great Depression CauseEffect

4 Financial Collapse As the economy collapses, banks and businesses fail and millions of Americans lose their jobs Countries around the world suffer the effects of the Great Depression The drastic decrease in world trade further reduces overall economic activity

5 Analyze political cartoon Complete section one quiz

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