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Causes of the Depression

Causes of the Depression. Chapter 8.1. Causes of the Depression. Create 10 questions from Chapter 8.1. Do not provide the answers. Answer the questions on the question sheet you receive. Put your name on it. Prosperity Hides Troubles 8.1 Questions.

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Causes of the Depression

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  1. Causes of the Depression Chapter 8.1

  2. Causes of the Depression • Create 10 questions from Chapter 8.1. • Do not provide the answers. • Answer the questions on the question sheet you receive. • Put your name on it.

  3. Prosperity Hides Troubles 8.1 Questions • Who took credit for the prosperity of the 1920’s? • Name two accomplishments of Herbert Hoover before he became president. • What were two reasons why farmers incurred debt during the 1920’s?

  4. 8.1 Prosperity Questions • How did the unequal distribution of wealth contribute to the depression? • How did the increase use of credit help hide the problems created by the unequal distribution of wealth?

  5. Problems Plague the Agricultural Sector • After reading the section on page 255, address the following: • You are a farmer--Write a paragraph explaining your economic situation and provide possible solutions how you can pay off your debt.

  6. 8.1 The Stock Market Crashes -258 • Describe what happened on Sept. 3rd, October 23rd, Black Thursday, and Black Tuesday. • How had the Dow Jones average changed between September and November?

  7. 8.1 The Great Depression Begins • What was the duration of the Great Depression? • What is a bank “run”? • What are two causes of many bank failures?

  8. 8.1 The Great Depression Begins • How did businesses contribute to the depression? • What did the Hawley-Smoot Tariff do? How did tariffs make the depression worse? • Describe why the depression went global.

  9. Flowchart • Using your flowchart, write a letter to a friend recounting what happened to the U.S. economy in the wake of the stock market crash.

  10. Infographic Page 256 • Describe the business cycle. • Describe consumer debt between 1921-1929 • Refer to the pie chart on page 257—how was income distributed among the people?

  11. Causes • Uneven distribution of the nation’s wealth. • Demand for crops fell, while farmers still had a surplus. • Banks collapsed as depositors tried to withdraw their money.

  12. Causes • Easy credit hides economic problems and causes more debt. • Stock market crash on October 29th, 1929.

  13. 8.1 Assessment • Terms-explain significance of the terms in the section. • Reading Skill-use the concept web. • Critical Thinking

  14. Experience the Depression Pages 270-271 • Thinking Critically #1 and #2 • Why would people spend money on the cinema rather than save it for necessities?

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