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Unit 5.7 Classwork: Causes of the Great Depression

Last updated over 1 year ago
12 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).

Absent? Just want to review the slides? 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).

Absent? Just want to review the slides? Click here for the slides from today.
Required
1

Warm Up: What do you notice about the photo from the Great Depression under "Show Your Work"?

Feel free to mark up or annotate when we discuss as a class!

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1
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 _______ impact of reparations.
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1
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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1
The Great Depression was primarily caused by the _______ , overextension of credit, and wealth _______ of the Gilded Age and Roaring 20s. While European countries owed the U.S. money from World War I, those debts were never repaid. When the U.S. economy plummeted after the Stock Market Crash of _______ , many Americans tried to withdraw their life savings during _______ , which caused many banks to foreclose.

Nationwide defaults on loans and mortgages led to rampant unemployment, homelessness, and _______ economic collapse.
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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?

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1

Which was worse?

Explain how you know under "Show Your Work."

Applying Knowledge: The following questions refer to an excerpt from The Politics of Boom and Bust. Please complete this work independently.
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1

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?

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

"Glut" refers to "gluttony," which is over-consuming as one of the 7 deadly sins.

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Exit Ticket: In your own words, describe three causes of the Great Depression using complete sentences.

Sentence-Starters:
  • A major cause of the Great Depression was...
  • In addition, _____________ led to the Great Depression because...
  • Finally, ____________ contributed to the Great Depression as well since...