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The Great Depression 1929-1939
What was the Great Depression?
This period was also referred to as; “The 10 Lost years”; ________________________
______________________________________.
Came suddenly and without warning. Many thought that it would be a ________________ and
wouldn't last long
The ___________________were preceded by ________________________ which had
music, dancing, fast cars, elaborate clothing, fine food, expensive tastes (fur coats) and
“living the good life”
There were 4 main causes of the great depression and a spark to set it off!
The Dirty Thirties
Canada's Prime Minister was _________________________ (Conservative) who was elected
in July 1930 to replace ________________________.
It concluded in 1939 with the start of _____________________(people put to work in war
manufacturing plants and/or in the military)
The 4 Causes of the Great Depression:
1.
People began to rely on credit to get them through the
_________________
The theory was
______________________________________________
________________________________________ (this attitude still
gets lots of people in trouble in present day)
The money will be there in the future –
_______________________________
2.
Many material items were becoming available for people to buy
Manufacturers kept making the products even when the demand for them
wasn't great (_______________________)
Consumer products became so many people couldn't afford everything (as
their was no work – factories had been closed down), getting picky about
the products they were buying
No one was seeing the big picture (__________________________)
____________________ (radio) was a major part of the overproduction
problem
1920s were a time of _____________________ – Movies (__________),
Entertainment (___________________), ____________ Ford
3.
People were glad to have the veterans home from the war
People were living a ________________________________________
__________________________________
The people of the 1920s had been through so much in the war, they were
happy to be alive (and ______________________________________
_____________________________________________________)
Times were good – the best that Canada had seen, we were starting to
develop _________________________________________.
4.
1920s – the stock market takes off, factories and businesses start selling
stocks on the market, people buy these shares so the businesses can grow
If lots of people are buying the price can go up, people can ____________
and _____________________ (and make money)
Adding to the get ______________________
____________________________________ – everyone wanted in on it
The four causes of the Great Depression are (with 2 key pts beside each)
1. Reliance of Credit
1)
2)
2.Overproduction
1)
2)
3.Psychology of the people in the 1920s
1)
2)
4.Speculation on the stock market
1)
2)
The trigger to set the 1930s into a depression:
October 29, 1929 – Crash of
the New York Stock Market – known as
___________________________________
Key people own lots of shares – they ________________________ all
of their shares, the prices start to fall on the stocks
People do not know what to do – do you wait and hope it recovers or do
you sell (and take your losses?)
There was a panic on October 29, 1929 that stocks were going to
plummet – lots of people ___________________________________.
_____________________________________________________
________________________________________________ (as the
company value was decreasing)
People needed money. Some hung on to their stocks as they couldn't risk
selling what they had – __________________________________ as
they owned lots of material items (that they did not have the money to
pay for)
___________________________________. No one could get any
money. As everyone was trying to cash in at the same time.
It is said that there were more ___________________________
___________________then any other day in history.
Some people (very few) got very rich – instead of buy low – sell high,
they ___________________________________________ (a very
smart investment strategy – but a big risk – it paid off)...