PDF-The Great Depression: California was hit hard by the economic workers

onomic growth in California Older The decade of the 1920s was a time of boomi well distributed Proportionately too much wealth was in profits and too little in wages The income of many workers wa. (1929-1941). Housekeeping. Midterm on Wed October 9 11:35-12:50 pm . Law School Auditorium. (NOT Dunham Lab). TF office hours . Review sessions Mon and Tues night (see class web site).. Final questions?. century. Differences between the Great Depression 1929-33, and the Great Recession of . 2008. Use of Deficit Spending and Monetary Policy. Hist. of econ boom & bust: . http://www.youtube.com/watch?v=83sX8Ent4vo. Lesson 30. History TEKS:. (16) Economics. The student understands significant economic developments between World War I and World War II. The student is expected to: . (A) . analyze causes of economic growth and prosperity in the 1920s. Causes. Quick. facts. Presidents. The End. 100. 100. 100. 100. 200. 200. 200. 200. 300. 300. 300. 300. 400. 400. 400. 400. What is October 29, 1929 known as?. A. Black Tuesday. B. Black Thursday. C. Black Friday. As . the Great Depression escalated into a national . crisis. , . American citizens looked to President Herbert Hoover for a . federal. . response. . Hoover was hailed by many as the “Great Humanitarian” and a wonder worker who could find a solution to their problems. However, Hoover was firmly entrenched in “laissez faire” ideology which would greatly limit his initial response to the Great Depression. . Lesson 2 . Americans Suffer. Learning Objectives. Examine the spread of unemployment in America’s cities.. Analyze the effects of the Great Depression on farmers.. Analyze the impact of human and geographical factors that created the Dust Bowl.. 27. Previously. The AD-AS model is a simplified view of the economy that helps us evaluate short-term fluctuations in real GDP and unemployment. The AD-AS model helps us understand the macroeconomic impacts of real-world changes and gives us an important tool to use in government policy analysis. Farm Depression of the 1920s. Prices of farm products . fell . about 40% . by 1921 . and . remained . low . through . the . 1920s . Farmers were producing more than American consumers were consuming. Learning Objectives. Continue to develop understanding of the reasons for the Wall Street Crash and the Great Depression. All students will learn about Keynesian and Monetarist historiography of the Great Depression and the Wall Street Crash. Hard Times. Hoover’s Policies. What is most money spent on during the 1920s?. What is the economic boom based on in the 1920s?. How did one man’s actions affect the condition of banks in 1928?. What affect does the stock market crash have on employment?. The New Deal. The government wanted to care for the citizens in need. What was the Agricultural Adjustment Administration?. New Deal program to help farmers. Federal Reserve. Supposed to protect banks, but failed during the Great Depression. The Economic Record . of . the Great Depression. Conditions During the Great . Depression. Large reductions in output. Soaring unemployment. Farm and home foreclosures. Bank failures. Human suffering. Chapter 22 “Crash and Depression” Section 1 “The Stock Market Crash” Pg. 740-744 Dow Jones Industrial Average Black Tuesday Great Crash Business cycle Great Depression Vocabulary 1. What events led to the stock market’s Great Crash in 1929? The Great Depression hits. Hoover elected President in 1928. “predicts the end of poverty”. Warning signs of Depression. Buying stock on . Speculation. Buying on Margin. Stock prices are inflated.