Download 20`s and 30`s Notes Packet

The Roaring 20's and
Great Depression
Name__________________________________________
1 What is MONEY? (Slide 3‐4)
2 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)?
3 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?
4 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________________
_________________________
_ From your credit history, does it look like you possess the honesty and reliability to pay credit debts? Capital_______________________
_____________________________ 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?
Capacity_______________
______________________
__ Have you been working regularly in an occupation that is likely to provide enough income to support What If a person doesn't pay back a loan or loans? DEFAULT________________________________________________________
. (Slide 19)
5 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
BONDS YOU LOAN (Slide 24)
STOCKS YOU OWN ( 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. 6 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? 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) The Law of Demand (Slide 38)
7 The Law of Supply (Slide 43)
Excess Demand (Slide 51) Excess Supply (Slide 52)
8 10. Think, Pair, Share: Think about the products that you use every day. How
does supply and demand effect these products?
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 quickly? (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)
9 Installment Buying: National Advertising
1920's economy and technological advances also encourages..... (Slide 62) Petroleum and Electricity become more widely available. The Air Age
10 Changes in Society in the 1920's
Women (Slide 65)
Youth (Slide 66)
African Americans (Slide 66)
12. What was Prohibition? (Slide 67)
11 13. What were the intended effects of prohibition? (Slide 67)
14. What actually happened during prohibition? (Slide 67)
Mass Media
Movies‐ Leisure Time ‐ Time to do _______________ such as going to museums, baseball games, going to watch shows by jazz artists as well as other entertainment. Other Pop Culture 1920's 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 12 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. 7. Americans feared investments/stocks would drop ____________what they paid for them or borrowed and many ________ them off. 6. 9. 8. 13 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?
14 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) 15 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 the United States out of the Great Depression? (Slide 98)
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