Monday, February 3Monday, February 3rdrd

Turn in your essayTurn in your essayTake your seatTake your seatTake out your NotebookTake out your Notebook

Precious TimePrecious Time

1920’s: The U.S. vs Germany

Essay Order:1.(Top) Essay2.Outline3.Prompt/Thesis Work

Today’s AgendaToday’s Agenda

Essential Question / ShareEssential Question / Share

FN: 13-2 “Western Democracies FN: 13-2 “Western Democracies Stumble”Stumble”

Homework:Homework:Study guide questions 13-15Study guide questions 13-15Finish Any incomplete notebook Finish Any incomplete notebook

assignmentsassignments

Chapter 13 Section 2Chapter 13 Section 2

The Western Democracies The Western Democracies StumbleStumble

Today’s StandardToday’s StandardAbbreviated Version:Abbreviated Version:

10.6.110.6.1Analyze the effects of WWI and Analyze the effects of WWI and understand the widespread disappointment understand the widespread disappointment with post WWI pre-WWII gov’tswith post WWI pre-WWII gov’ts

Topic – The Great DepressionTopic – The Great Depression

Identify and explain three causes of the Great Depression and how it

effected the United States and Europe.

?

Essential QuestionEssential Question

European Debts to the United States

European Debts to the United States

Causes of the Great DepressionCauses of the Great DepressionWorld economy World economy

was like a house was like a house of cardsof cards

U.S. (key card) U.S. (key card) has 3 weaknesses:has 3 weaknesses:Uneven distribution Uneven distribution

of wealth of wealth surplus of goods surplus of goods

(American manufacturers make too much (American manufacturers make too much stuff)stuff)

Investors buy stock Investors buy stock on on margin margin (10% its actual (10% its actual value)value)

Stock Market CrashesStock Market Crashes Black Tuesday - stock Black Tuesday - stock

market crashed Oct. 29, market crashed Oct. 29, 19291929 B/C people panic that B/C people panic that

most stocks were over-most stocks were over-valued valued

16 million shares sold - 16 million shares sold - most at a huge lossmost at a huge loss

Global depression Global depression results – world trade results – world trade drops by 65%drops by 65%

Banks and businesses Banks and businesses fail; people loose their fail; people loose their land and homesland and homes

Economic ExplanationsEconomic Explanations

John Maynard Keynes John Maynard Keynes (an economist) (an economist) saidsaidgov’ts lack of interference led to gov’ts lack of interference led to

depressiondepression

Gov’ts lack of response made Gov’ts lack of response made depression worsedepression worse

Future depression can be prevented by Future depression can be prevented by gov’t spending money to create jobs gov’t spending money to create jobs and help businesses and help businesses

Great Depression in USGreat Depression in US Highest unemployment everHighest unemployment ever Farms in South East devastated Farms in South East devastated

refuse to rotate crops in order to make refuse to rotate crops in order to make more moneymore moneyResult = topsoil turns to dustResult = topsoil turns to dustMassive migration to California and NorthMassive migration to California and North

The Great Depression [1929-1941]

The Great Depression [1929-1941]

Paris in 1930Paris in 1930

London in 1930London in 1930

Decrease in World Trade: 1929-1932

Decrease in World Trade: 1929-1932

German Unemployment: 1929-1938

German Unemployment: 1929-1938

The Great Depression [1929-1941]

The Great Depression [1929-1941]

World Responds to the CrisisWorld Responds to the Crisis World gov’ts create jobs World gov’ts create jobs

and welfare programsand welfare programs

In US, Roosevelt In US, Roosevelt launches launches New DealNew Deal in in 19331933public works public works welfarewelfareregulations imposed on regulations imposed on

banking system & stock banking system & stock market market

Brother Can you Spare a DimeBrother 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.

The “New Napoleons?”The “New Napoleons?”