5.2 The Great Depression

5.2 The Great Depression

What were the causes and effects of the global economic crisis that began in 1929?
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Slide 1: Tekstslide
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In deze les zitten 13 slides, met tekstslides en 2 videos.

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5.2 The Great Depression

What were the causes and effects of the global economic crisis that began in 1929?

Slide 1 - Tekstslide

Read text block Free market economy

jot down 3 words you don't know in your notebook
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3:00

Slide 2 - Tekstslide

Copy and answer these questions in your notebook:
  1. Which presidents were in charge during the 1920's?
  2. What did they believe in?

Slide 3 - Tekstslide

Write down the five measures the government took during the interwar period.

Slide 4 - Tekstslide

" In the ideal free market economy, no active involvement from the government would be necessary". 
  1. Who believed that?
  2. and why would it not be necessary?

Slide 5 - Tekstslide

Slide 6 - Video

The Great illusion:

So how did Hoover get connected with the phrase, even though he seems never to have said it? It’s reemergence has been traced to a Republican campaign flyer in 1928 which was titled “A Chicken for Every Pot.” What Hoover did say, on October 22, 1928, is “The slogan of progress is changing from the full dinner pail to the full garage.

Slide 7 - Tekstslide

Slide 8 - Tekstslide

The Great illusion:

Three weaknesses of the US economy:
  1. overproduction in the agricultural sector
  2. the rise of the consumer society and the credit industry
  3. popularity of stock market speculation

Slide 9 - Tekstslide

Stock market crash and depression
chain reaction of events
1. two developments that made investors uneasy.
2. Black Thursday; what happend?
3. Banks were forced to close, meaning that ... and that...
4. 

Slide 10 - Tekstslide

Slide 11 - Video

Stock market crash and depression

  1. Name two protectionist measures that were taken to counter the depression.
  2. What was a consequence of these measures?

Slide 12 - Tekstslide

Global economic crisis; consequences

economic:
social:
political:

Slide 13 - Tekstslide