Unit 5.4: Causes of the Great Depression

Last updated over 1 year ago
13 questions
Note from the author:
Content Objective: I will be able to understand the relationship between the consumerism of the 1920s and the Great Depression.

Standard Objective: I will be able to draw connections between events (cause/effect).

Click here for the slides from today.
Content Objective: I will be able to understand the relationship between the consumerism of the 1920s and the Great Depression.

Standard Objective: I will be able to draw connections between events (cause/effect).

Click here for the slides from today.
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Warm Up: Please rate how well you understood last night's pre-work on a scale from 1 to 4. If you have any questions, drop them in the "Show Your Work" area.

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Warm Up: Do you have a checking or savings account? If not, explain how you keep track of your money.

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Warm Up: One interesting historical fact I learned from the pre-work is…

Required
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The Treaty of Versailles was signed in 1919, and officially ended World War I between Germany and the Allied Powers (Great Britain, France, and the _______ ). The agreement included a controversial War Guilt clause that blamed _______ for the Great War and imposed heavy debt payments on Germany known as _______ . Many historians believed the Treaty of Versailles _______ to the outbreak of the Second World War due to the e_______conomic impact of reparations.
Required
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For the United States, however, the effects of World War I were positive -- ushering in the Roaring 1920s as a decade of unprecedented _______ , new patterns of _______, such as purchasing consumer goods like radios, cars, vacuums, beauty products or clothing

The expansion of _______ in the 1920s allowed for the sale of more consumer goods and put _______ within reach of average Americans. Now individuals who could not afford to purchase a car at full price could pay for that car over time -- with interest, of course!

With so many new products and so many Americans eager to purchase them, _______ became a central institution in this new consumer economy.
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Why do all of these people want to take their money out from the bank?

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What do you think will happen if everyone withdraws their money and closes their bank accounts?

Applying Knowledge: The following questions refer to an excerpt from the Brief American Pageant, Chapter 31: The Politics of Boom and Bust (p. 545-546).
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The economic mood of Americans just before the stock market crashed in 1929 could best be described as

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Which choice provides the best evidence for the answer to the previous question?

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In the graph, which range of years displays a decrease in Common Stock Prices?

Required
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As used in line 3, "collapsed" most nearly means

"Glut" refers to "gluttony," which is overconsuming as one of the 7 deadly sins.
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Exit Ticket: In explaining the causes of the Great Depression, your textbook asserts, "Ironically, the depression of the 1930s was one of abundance, not want. It was the 'great glut' or 'plague of plenty" (Kennedy and Cohen, p. 545).

Explain the meaning of this quote using complete sentences.

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Exit Ticket: Please evaluate how well you understood today’s lesson on a scale from 1 to 4: