2.1 Prosperity and crisis in the United States (2)

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• Middelbare school
• vwo
• Leerjaar 3

For today

Crisis!

Goals

• In this paragraph you will learn how prosperity formed in the US.
  
• In this paragraph you will learn how the global economic crisis formed.
  
• In this paragraph you will learn how the crisis was fought.
  
• In this paragraph you will learn how the economy influenced culture.
  
• Characteristic aspect: the global economic crisis.

HW

Read 2.1 Prosperity in the 1920s

Make assignments 1 & 2

Roaring Twenties

What did these Roaring Twenties look like again?

Hoover: No more poverty!

Crisis in the 1930s

• Due to economic growth, there was a tremendously high level of optimism about the economy.
• This optimism and growth reached a turning point on October 24, 1929
• --> stock market crash caused an economic crisis (depression). 
• Thousands of banks, businesses and farmers went bankrupt and millions of people became unemployed.

Crisis in the 1930s

• The global economy caused the crisis to spread around the world.
• The stock market crash was the direct cause of the crisis.
• Indirect causes were overproduction in agriculture and industry and buying on credit (loan).

What am I?

Get to work!

Read 2.1 Crisis in the 1930s

Make assignments 3 en support 2

Done?

Start making a summary for the test!

Goals

• In this paragraph you will learn how prosperity formed in the US.
  
• In this paragraph you will learn how the global economic crisis formed.
  
• In this paragraph you will learn how the crisis was fought.
  
• In this paragraph you will learn how the economy influenced culture.
  
• Characteristic aspect: the global economic crisis.

Explain how the economic growth happened during the Roaring Twenties.

What happened on October 24, 1929?

Give one direct and one indirect cause for the stock market crash.