1. WHY ALL THE MONEY

2. 3 Reasons for affluence in the 1920’s  Technology and Electricity Cars Radios Fridges and Stoves  Consumerism Culture Mass production Radio, catalogues and propaganda advertising Department stores Mass Culture  Credit Borrowing money and investing money was common. Stock prices were on average doubling year after year.

3. STOCK MARKET GAME

4. Day #1  American Can$34.75 Sells canned goods. (new Technology!)  General Motors$10 Sells an automobile to give FORD competition (new company!)  General Electric$139.25 Sells refrigerators, stoves, and other household gadgets  AM Telephone $114.75 Selling telephones to ordinary households  CAN steel$84.25 Steel manufacturer in North America  Radio Corporation of America$2.50 Selling personal radios to households in North America

5. Buying on Margin  Taking out a loan to purchase your stock. Pros  Can buy a lot more stock  Can buy stock you could not normally afford.  The richest people use this strategy Cons  If your stock goes down you lose up to 10X as much.  It is possible to go Bankrupt.  It requires more mathematics to use this technique

6. Day #1***  American Can$34.75 Sells canned goods. (new Technology!)  General Motors$10 Sells an automobile to give FORD competition (new company!)  General Electric$139.25 Sells refrigerators, stoves, and other household gadgets  AM Telephone $114.75 Selling telephones to ordinary households  CAN steel$84.25 Steel manufacturer in North America  Radio Corporation of America$2.50 Selling personal radios to households in North America

7. Day #2 *** NEW PRICES  American Can$73.25  General Motors$14.75  General Electric$182.50  AM Telephone $123  CAN steel$106.75  RCA$6.25 Old Prices  American Can $34.75  General Motors $10  General Electric $139.25  AM Telephone $114.75  CAN steel $84.25  RCA $2.50

8. Day #3 NEW PRICES  American Can$70  General Motors$49.75  General Electric$133.25  AM Telephone $124.25  CAN steel$110.25  RCA$22.50 Old Prices  American Can$73.25  General Motors$14.75  General Electric$182.50  AM Telephone $123  CAN steel$106.75  RCA$6.25

9. Day #4 NEW PRICES  American Can$74.75  General Motors$70.25  General Electric$171  AM Telephone $134.75  CAN steel$108.25  RCA$72.50 Old Prices  American Can$70  General Motors$49.75  General Electric$133.25  AM Telephone $124.25  CAN steel$110.25  RCA$22.50

10. Day #5*** (7) NEW PRICES  American Can$75  General Motors$130  General Electric$135  AM Telephone $175  CAN steel$184  RCA$101 Old Prices  American Can$74.75  General Motors$70.25  General Electric$171  AM Telephone $134.75  CAN steel$108.25  RCA$72.50

11. Day #6*** (9) NEW PRICES  American Can$182  General Motors$181  General Electric$340  AM Telephone $335  CAN steel$270  RCA$102 Old Prices  American Can$75  General Motors$130  General Electric$135  AM Telephone $175  CAN steel$184  RCA$101

12. Day #7 1929 “Black Tuesday” NEW PRICES  American Can$85  General Motors$36  General Electric$168  AM Telephone $197  CAN steel$150  RCA$28 Old Prices  American Can$182  General Motors$181  General Electric$340  AM Telephone $335  CAN steel$270  RCA$102

13. What we learned (the teachable terms)  Buying on margin Taking out a loan to buy stocks  Speculation Assuming stocks will continue to go up/ stock or property value exceeding their actual worth.  Overproduction Making more things than people could possibly sell. Having so much stuff and not being able to sell it.  Stock Market Crash Stocks falling in value rapidly, everyone selling to pay off their “margin” and debt.  Black Tuesday Stocks fall so low that they close the stock exchange. Stocks would not return to their value until the 1950’s  Great Depression Began with the stock crash, ends with WW2. Time of unprecedented poverty in North America. Caused by low stocks, lack of money, poor crops.

14. Essay Questions 1. Was prohibition a success in North America? 2. What changes took place in the thinking of women between 1910 and 1930? 3. Many people refer to the twenties as “the roaring twenties” how would you refer to the twenties and why? 4. How did Canada become move from being a child to an adult between 1910-1930?