Download The Roaring 20`s and Great Depression

The Roaring 20's and
Great Depression
Name__________________________________________
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Commodity Money (Slide 6)
Representative Money (Slide 8)
What is MONEY? (Slide 3-4)
Fiat Money (Slide 9-11)
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Inflation
(Slide 13)
Example:
Why is this a problem for our
economy and people?
1. What is interest? (Slide 14) ( When does interest benefit a person)?
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Interest (Slide 15)
Principal (Slide 15)
Create your own example of
interest:
Create your own example of
Principal
THE TOTAL COST OF THE PRODUCT
2. Turn and Talk: What are some things that most people cannot pay cash for and have to borrow
money in order to purchase the product?
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Credit
Credit is__________________________________________________ (Slide 16)
Example: Credit cards are used to buy now and pay later. Don't pay in time you need
to pay interest on the money charged.
So, how do banks assess if a person has good credit?
(Slide 18)
Character_________________
_________________________
Capital_______________________
_____________________________
Capacity________________
_______________________
From your credit history, does
it look like you possess the
honesty and reliability to pay
credit debts?
Do you have any valuable assets
such as real estate, savings, or
investments that could be used to
repay credit debts if income is
unavailable?
Have you been working
regularly in an occupation
that is likely to provide
enough income to support
your credit use?
What If a person doesn't pay back a loan or loans?
DEFAULT________________________________________________________
______________________________________________________. (Slide 19)
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3. What is the difference between a debit card and a credit card? (Slide 20)
Turn and Talk: Discuss this with your group and write up an example of this:
4. What is the difference between saving and investing? ( Slide 22)
Saving:
Investing:
Different types of Investing
STOCKS YOU OWN ( Slide 24)
BONDS YOU LOAN (Slide 24)
When a person buys stock, he/she is
buying partial ____________ in a
corporation. If the corporation prospers,
the investor prospers makes___________
on the investment.
If the corporation fails, the investor can
___________ his investment. (Money)
Buying on Margin: ____________ money
to invest money. Very __________
because if you lose, you owe someone else
money that you may not have.
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5. How do you profit or make money from stocks? (Slide 26)
 Dividends:
 Capital Gains:
6. Turn and Talk: Why is investing in stocks Risky? What is the Risk?
7. What is a Mutual Fund? How are they different from stocks? ( Slide 31)
8. How does an investor reduce the amount of risk that he/she assumes? (Slide
32)
9. In your own words describe what the business cycle looks like to you. After
talk with your group how can you explain the business cycle in a few words.
(Slides 35-37)
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The Law of Demand (Slide 38)
The Law of Supply (Slide 43)
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Supply and Demand put together:
What does this mean to me?
Disequilibrium (Slide 50)
Equilibrium: (Slide 48)
A market is at disequilibrium when the
quantity ________________ does not equal
the quantity ________________.
Versus
If quantity demanded is _____________ than
quantity supplied, excess
_____________occurs.
If quantity __________________ is greater
than quantity demanded, excess supply
occurs.
Disequilibrium Causes
Excess Demand (Slide 51)
Excess Supply (Slide 52)
10. Think, Pair, Share: Think about the products that you use every day. How
does supply and demand effect these products?
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The Roaring 20's
Why was this decade named the Roaring 20's? (Slide 54)
11. What technological advance had the most impact on American life in the 1920's?
What helped produced these cars more quicker? (Slide 54)
12. What happens to the economy as a result of the car? How does each industry
benefit? Would you consider this a good cycle for the economy? (Slide 61)
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Installment Buying:
National Advertising
1920's economy and
technological advances also
encourages..... (Slide 62)
Petroleum and
Electricity become more
widely available.
The Air Age
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Changes in Society in
the 1920's
Women (Slide 65)
Youth (Slide 66)
African Americans (Slide 66)
12. What was Prohibition? (Slide 67)
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13. What were the intended effects of prohibition? (Slide 67)
14. What actually happened during prohibition? (Slide 67)
Mass Media
MoviesLeisure Time - Time to do
_______________ such as going to
museums, baseball games, going
to watch shows by jazz artists as
well as other entertainment.
1920's Pop
Culture
Other Pop Culture
Slides 69-73
Sports
All sports in the 20’s baseball, hockey, football, boxing, golf,
basketball, and tennis enjoyed rising
_____________________.
Harlem Renaissance
Harlem Renaissance
is known as a burst
of African American
_____________
activity and is best
known for its jazz
music, art, and
writing
Jazz Age!
Sports figures became ______________ to many Americans
and captured their imagination because these sports figures
restored Americans __________ of doing better in their own
____________.
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The Start of The Great
Depression (Slide 76-78)
2. Since many Americans
could not ________
many extras right away,
they bought on
____________.
3.
4.
5.
6.
7. Americans feared
investments/stocks
would drop
____________what
they paid for them
or borrowed and
many ________
them off.
9.
8.
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The Cycle of Disaster
15. How was the "Cycle of Disaster" different from what we learned about the in the
car industry in the 1920's?
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FDR gets voted into office and proposes that the government gets
involved to help the Depression by spending Government money to
create jobs and protect people. This was called the New Deal. Some of
the New Deal Programs that still effect us today include:
National Pension
System
Social Security
(Slide 83)
Protection for
Savings
(Slide 83)
Fair Labor
Standards Act
(Slide 85)
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16. Think, Pair, Share: After discussion and viewing the pictures of the Dust
Bowl, what are your thoughts on it? (Slides 87-97)
17. What propelled to United States out of the Great Depression? (Slide 98)
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