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In this lesson, students will learn about the U.S. and Germany in the 1920's, focusing on the causes and effects of the Great Depression. They will also receive an essay order and study guide questions to deepen their understanding.
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Monday, February 3rd • 1920’s: The U.S. vs Germany • Essay Order: • (Top) Essay • Outline • Prompt/Thesis Work • Turn in your essay • Take your seat • Take out your Notebook Precious Time
Today’s Agenda • Essential Question / Share • FN: 13-2 “Western Democracies Stumble” • Homework: • Study guide questions 13-15 • Finish Any incomplete notebook assignments
Chapter 13 Section 2 The Western Democracies Stumble
Today’s Standard Abbreviated Version: 10.6.1Analyze the effects of WWI and understand the widespread disappointment with post WWI pre-WWII gov’ts Topic – The Great Depression Essential Question Identify and explain three causes of the Great Depression and how it effected the United States and Europe. ?
Causes of the Great Depression World economy was like a house of cards U.S. (key card) has 3 weaknesses: Uneven distribution of wealth surplus of goods (American manufacturers make too much stuff) Investors buy stock on margin (10% its actual value)
Stock Market Crashes Black Tuesday - stock market crashed Oct. 29, 1929 B/C people panic that most stocks were over-valued 16 million shares sold - most at a huge loss Global depression results – world trade drops by 65% Banks and businesses fail; people loose their land and homes
Economic Explanations John Maynard Keynes (an economist) said gov’ts lack of interference led to depression Gov’ts lack of response made depression worse Future depression can be prevented by gov’t spending money to create jobs and help businesses
Great Depression in US Highest unemployment ever Farms in South East devastated refuse to rotate crops in order to make more money Result = topsoil turns to dust Massive migration to California and North
The Great Depression [1929-1941] London in 1930 Paris in 1930
World Responds to the Crisis World gov’ts create jobs and welfare programs In US, Roosevelt launches New Dealin 1933 public works welfare regulations imposed on banking system & stock market
Brother Can you Spare a Dime As you listen think about how this song is different then the one from the 1920’s. Quick-Write – Explain how this song represents the social and economic problems of the 1930’s.