Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Name: The Great Depression Guided Notes Recap 1. What do you remember about the Roaring 20s? Roaring 20s 1. The Roaring 20s was a time of major United States. in the 2. Perhaps the most important change was that of the . 3. America became an extremely nation. Drawback 1. During the Roaring 20s many people spent money they did not have. 2. They bought on and Buying on Credit 1. Buying on credit is when someone money from another person or company. 2. The person borrowing money through credit can what they or now but they have to the money borrowed back to the lender of the money. Buying on Credit Example 1. Here’s an example: 2. Jamie has a credit card with her bank. 3. She really wants a pair of shoes but does not have the money available until she gets paid at the end of the month. 4. She uses her credit card to buy the shoes now and she pays the bank back when she gets paid. Stock Market 1. The Stock Market is what helps America’s . 2. A stock is a of in a company. 3. So a stock market is a place where stocks are , or 4. Buying stocks can chances of making more , . or your . 5. You should seek a financial advisor if you ever decide to buy stocks. It can be a very move! Stock Market Example 1. Ford is a company that makes cars. 2. Let’s say Jesse is hoping to make more money so he buys a stock in Ford in 2012. 3. In 2012, Ford has an excellent year in sales thus the value of the company. Jesse money because he partly owns Ford. Jesse 4. In 2013, Ford has a horrible year in sales thus the value of the company. money because he partly owns Ford. 5. You can or stock market. money in the Buying on Margin 1. In the 1920s, the stock market gained a lot of 2. It was that people were making of dollars by buying 3. Many people who could not afford to buy a stock . on . 4. Buying on margin is sort of like buying on buying stocks put down a small down the rest would be . The people and by a stock . 5. A stock broker was like a They card company. money out to people. 6. So if a stock is worth $100. A person could buy on margin by paying $20 while the remaining $80 is covered by the stock broker. 7. This became a , yet extremely , decision. Stock Market Trouble 1. Many people bought stocks in the 1920s and one important thing… 2. The stock market always like a . One minute going and the other minute going 3. Stock prices began to drop in to . that people began money. 4. When of this hit the everyone who had stock began to stocks. , thus selling their 5. It was equivalent to yelling “ !” in a crowded movie theater. Everyone panics and runs for the door. Absolute Chaos 1. When the stocks began to be sold all broke out. 2. Brokers who lent out money repaid but could not. 3. People ran to the banks in hopes to get their but the banks ran 4. In one day alone, 5. The market ended up losing $ to be of money. million stocks were sold the entire stock market. billion overall. Crisis 1. With the stock market banks and of money, the country entered the . 2. Many people had no money left. 3. No for a country = and . Poverty and Unemployment 1. Poverty is when a person or family has money to or themselves. 2. Unemployment means that a person is not . 3. Both of these things during the Great Depression. Hooverville 1. Many more became time and built shantytowns which were homes built from metal and wood. 2. These were during this living conditions. 3. The term “Hooverville” was named after US Hoover who most Americans Depression. 4. President Hoover did not do much to for the America the situation. America Enters the 1930s 1. Americans were had much 19 s but now in the 19 during the s they had much . 2. Things got before they got . The Depression began in 1929, the worst came by 1933 and the Depression would in 1939. Writing to Capture the Depression 1. Check out the quote from a famous book below. 2. “Our people are good people; our people are kind people. Pray God some day kind people won't all be poor.” a. John Steinbeck, The Grapes of Wrath 3. What do you think this quote means? Can Things Get Any Worse? 1. Unfortunately, . 2. During the 1930s, and still today, Americans rely heavily upon the for their source of . 3. However, there was a severe 1930s in the Great Plains. in the Drought 1. A drought is when an area does not receive any amount of time and for a up. 2. The Great Plains had one of the worst droughts which up all of their and fertile . 3. That’s not too bad, right? 4. WRONG! The Dust Bowl 1. After the drought came strong 2. The winds . up this dust and formed clouds of dust that rolled the United States. 3. This was known was the . 4. The massive dust clouds would reach eastern as such and . 5. The could only even would be so bad that you 3 feet in front of you. It was a darkness that out the light. What Will Save America? 1. The country was on its knees looking for a way out of the they were in. 2. Two things helped the U.S. recover: a. A new and his ideas. b. A major . c. We will learn about these things in upcoming lessons.