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 starter activity Describe the picture or source here. In May 2012 Mark Zuckerberg put his company up for sale. The public could buy a piece or pieces.

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Presentation on theme: " starter activity Describe the picture or source here. In May 2012 Mark Zuckerberg put his company up for sale. The public could buy a piece or pieces."— Presentation transcript:

1  starter activity Describe the picture or source here. In May 2012 Mark Zuckerberg put his company up for sale. The public could buy a piece or pieces of the company known as shares. Their money would be used to improve Facebook and in return they would receive an annual income known as dividends. Would you buy shares in Facebook?  What are the dangers in buying shares?

2 Why did Wall Street Crash? TBAT explain 5 main causes of the WSC and assess the extent to which Hoover was to blame  Learning objectives  Key words: stocks recession speculate tariff

3 In 1928 Herbert Hoover, Republican, won the presidential election. He famously said as entered the White House in 1929, ‘We in America today are nearer to the final triumph over poverty than ever before ….the poor man is vanishing from us’. Within months of this speech, the world was plunged into one of the deepest recessions ever seen. Read the extract from Walsh, ‘Modern World History’ p.211-2 and try to identify as many different causes of the Wall Street Crash as you can.  How far do you think Hoover and the US administration was to blame?

4 Causes of the Crash Poor distribution of income between rich & poor Poor distribution of income between rich & poor Overproduction by US industries Overproduction by US industries Speculation on stock markets Speculation on stock markets Lack of an export market for US goods Lack of an export market for US goods Lack of support from banks for share prices Lack of support from banks for share prices Least significant cause Most significant Plot the relative positions of the causes on a scale similar to the one below

5  Your task Study the top secret government sources in your boxes and find evidence of the impact of the subsequent Great Depression on the following: Study the top secret government sources in your boxes and find evidence of the impact of the subsequent Great Depression on the following: Agriculture Agriculture Industry Industry Society Society  Which source for you sums up the impact of the Great Depression most and why?  Which source for you sums up the impact of the Great Depression most and why?

6 Hoover was voted out in 1932. But, do you think he was to blame? Read p.104-105 of ‘Modern America’ by Joanne de Pennington and order the different groups in society to see who was most to blame.  To what extent is it true to say the nobody was to blame?

7  Extension task Dorothea Lange produced some of the most iconic images of the Great Depression. Find out about her life and her work charting the misery of the Great Depression for ordinary families.

8 Why did Wall Street Crash? TBAT explain 5 main causes of the WSC and assess the extent to which Hoover was to blame  Learning objectives  Key words: stocks recession speculate


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