Causes of Great Depression
    1.  Easy Credit  installment plans
    2.  Stock Market
    3.  Risky investments  /  speculation
 What does it mean to buy stocks on margin? p 534

         Black Tuesday  October 29, 1929, the day the bottom fell out of the market.

Watch Stock market Crash "Most" 5 min video:

        Bank failures
 

People blamed the Great Depression on Hoover.  Some men would leave their family responsibilities and become Hobos and live in Hoovervilles

Unemployment over 13 million workers. (over 1/4 of the nation's workforce was out of work. This is a typical unemployment line

Unemployment demonstration at City Hall Left,  unemployed man carrying sign.

        Federal Reserve System  government agency that controls the nation's money supply

How did the Federal Reserve System accomplish exactly the opposite of what it was supposed to accomplish? p 535
    They printed more money, which devalued the dollar, so more banks failed as a result

Migrant Agricultural workers family by Dorothea Lange, 1936

More Great Depression Photos

Lesson Objectives

Students will learn

OBJECTIVES: Students will be able to:

1. list

2. explain the difference between

3. describe the

4. chart on a map the

5. define the terms

6. Explain the significance of

Knowledge: Recall of data.

Comprehension: Understand the meaning, translation, interpolation, and interpretation of instructions and problems. State a problem in one's own words.

Application:
Use a concept in a new situation or unprompted use of an abstraction. Applies what was learned in the classroom into novel situations in the workplace.

Analysis:
Separates material or concepts into component parts so that its organizational structure may be understood. Distinguishes between facts and inferences. 

Synthesis:
Builds a structure or pattern from diverse elements. Put parts together to form a whole, with emphasis on creating a new meaning or structure.

Evaluation:
Make judgments about the value of ideas or materials.