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THE GREAT DEPRESSION Chapter 19 Section 1
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The Dow Jones Since 2000 FEBRUARY 22, 2000 - DJIA at 10,305 FEBRUARY 22, 2001 - DJIA at 10,526 (G.W. Bush’s first year) FEBRUARY 22, 2006 - DJIA at 11,101 FEBRUARY 22, 2007 - DJIA at 13,100 FEBRUARY 22, 2008 – DJIA at 12,156 FEBRUARY 22, 2009 - DJIA at 7,187 (Obama’s first year) FEBRUARY 22, 2010 - DJIA at: 10,383 FEBRUARY 22, 2011 – DJIA at: 12,213 FEBRUARY 22, 2012 - DJIA at: 12,939 FEBRUARY 22, 2013 - DJIA at: ?????
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2010 2013 ATT = 28.36 BRK-HA “= 129,894 BestBuy “= 32.44 Coke = 26.56 Cisco = 18.73 Circuit City= 0.0030 Google=
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1)Late 1920s – the ____________ fell apart 2)Most Americans lived on less than __________ a year 3)People relied on _____________________ to pay for things that cost a lot of money (like credit cards today) 4)People invested money in the __________________ - People purchased ____________ in a business Goal: Become _________! ECONOMY $3000 INSTALLMENT PLANS STOCK MARKET SHARES RICH
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THE STOCK MARKET
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5) In order for people to get rich they _____________ money based on _______________. They believed the price of stocks would _____________. 6)Stock prices ______________ throughout the 1920s 7) In autumn 1929, stock prices ___________________ INVESTED SPECULATION RISE WENT UP PLUMMETED
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8)People began to ________ stocks. As a result, prices began to ___________ some more. 9)On October 29, 1929 – “______________________” Stock prices __________________ causing widespread panic across the U.S. and world! 10)Overnight, stocks became __________________ and those who borrowed owed __________________ than the stock was worth. 11) Prices would continue to fall for __________________. SELL FALL BLACK TUESDAY PLUMMETED AGAIN WORTHLESS A LOT MORE 3 MORE YEARS
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THE DOW JONES INDUSTRIAL AVERAGE FEBRUARY 22, 2000 - DJIA at 4,000 FEBRUARY 22, 2006 - DJIA at 11,101 FEBRUARY 22, 2007 - DJIA at 13,100 OCTOBER 1, 2007 DJIA at 14,087.55 FEBRUARY 22, 2008 – DJIA at 12,156 FEBRUARY 25, 2009 - DJIA at 7,187 FEBRUARY 26, 2010 - DJIA at: 10,355 FEBRUARY 28, 2011 – DJIA at: 12,201 FEBRUARY 22, 2012 – DJIA at: 12,955.17 (7:25 am)
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2011 2012 ATT = 28.3630.34 BRK-A = 129,894119,375 BestBuy = 32.44 25.91 Coke = 26.56 28.61 Cisco = 18.73 20.36 Circuit City= 0.0030 0.0020 If you spent $100,000 last year on Coca-Cola, you would have $107,718 today. Your net profit / income would be $7,718. (A return of 7.7%) If you spent $100,000 on Circuit City, you would only have $66,667 today, or a loss of $33,333 (a loss of 33.3%)
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12)The ___________________________ hits the U.S. 13)___________________ would be out of work 14)Farmers ___________________ on loans and would lose their farms. They purchased new _______________ and could not pay back the loans. ____________ went out of business. After WWI, fewer __________ were being sold. GREAT DEPRESSION MILLIONS DEFAULTED MACHINES BANKS CROPS
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15) ______________ and ______________ industries grew smaller due to lack of spending money Smaller ______________ let workers go. 16) In 1932, the U.S. ______________ had fallen apart and __________________ of businesses had closed. ____________________ could not pay employees ____________________ had lost their jobs ____________________ stockpiled. Many had less than _____________ a day for food. CLOTHINGMINING FACTORIES ECONOMY THOUSANDS FACTORY OWNERS MILLIONS UNSOLD GOODS $1.50
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17)Banks _________________ on many farmers’ properties On one day in Mississippi, _________ of all farmers lost their property 18) _________________ and __________________ were common since many people were without food. FORECLOSED 25% BREADLINESSOUP KITCHENS
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BREADLINES IN MAJOR CITIES
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SOUP KITCHENS
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19)TEENS – There were more than ______________ homeless teens Since they had no _________, many left home. Many felt they were _____________ to their families Some traveled on top and in ________________. Many were ___________ or __________. Others died from _____________ and ______________ Some found work __________________________. 250,000 JOBS BURDENS BOX CARS INJUREDDIED DISEASE HUNGER ON FARMS PICKING CROPS
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20)The ___________________ had no answers. _____________________ wanted to help end the Depression. He felt government ________________ was not the answer. He wanted ________________ to help themselves. GOVERNMENT PRESIDENT HOOVER CHARITY AMERICANS
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21)Many Americans were _____________: a) Some joined the _____________________. b) Farms ___________________ crops. c) Farmers stopped ___________ from taking their property d) WWI ______________ marched on Washington, DC 1932 – Known as the “_______________________” Congress had promised ____________ to them but Hoover rejected them. ___________________ drove out the vets by attacking them Many Americans saw this and demanded _____________ to the government ANGRY COMMUNISTS DESTROYED BANKS VETS BONUS ARMY BONUSES U.S. TROOPS CHANGE
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Vocabulary Speculation – making a guess as to whether something will happen Stock – a unit of ownership in a business Soup Kitchen – place where free food is served to the needy Breadlines – a line of people waiting for free food
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