1. Period 1, 5, & 6  We will examine the causes of the Great Depression  Go over video questions  Chapter 14.1 Notes  Quiz  Chapter 14.2 Reading

2. Chapter 14.1 Notes  Industry  Basic industries barely made a profit (railroads, steel)  Coal mining had to compete with oil and natural gas  The number of new houses being built declined

3.  Farmers - Increased output during the war - Demand/ prices fell for crops after the war - The government started price- supports – government would buy surplus crops guaranteed prices

5.  Consumers  Americans bought less  Rising prices  Stagnant wages  Credit  Americans bought goods on credit  Buy now pay later  Many people had trouble paying off their debts

8.  Uneven Distribution of Wealth - Wealthiest 1 % income grew by 75% - 70% of the nation’s families earned less than $2,500

9.  Stock Market Crash  People speculated  Bought stock on margin  Paid a small percentage of stocks value and borrowed the rest  Black Tuesday  16.4 Million shares sold  By November $30 Billion in value had been lost