PPT-Lecture 6: The Great Depression Κωνσταντίνος

Lecture 6 The Great Depression Κωνσταντίνος Ρεπαπής Επίκουρος καθηγητής ΕΚΠΑ Recap 1620 Tulipmania a crisis of private credit that was transferable 1720 Mississippi crisis a crisis emanating from an overextension of paper credit 1825. (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?. 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. 1928-1932. Section 1. Causes of the Depression. Prosperity Hides Troubles. Optimism Sweeps Hoover to Victory. In the 1920’s the U.S. economy was booming. Herbert Hoover . – an accomplished public servant – to run for the White House. 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. Intro. One of the great mysteries of the 20th century is how the U.S. economy could have gone from a state of unprecedented prosperity in the 1920s to one of unprecedented failure in the 1930s. In the 1920s jobs were plentiful, the economy was growing, and the standard of living was rising. . US History: Spiconardi. Hard Times for Americans. Hardships Americans Faced. Unemployment. Unemployment rate sky rockets from 3% in 1929 to 25% in 1933. Hard Times for Americans. Family Life. Many fathers left families to find work elsewhere. 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. Causes. Essential Question- What were the causes of the Great Depression?. Words of the day: . Depression-. long term downturn in economic activity. Tariff-. a tax on imports or exports paid by the seller, not the buyer. SS8H8b. Explain economic factors that resulted in the Great Depression.. Standards. The Great Depression. Economies go through highs and lows. Extreme lows are called “. depressions. ”. During a depression, unemployment is high and people have little money to spend. Businesses fail.. 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.. Objective 3.3: . Explore life during the Depression and the efforts made to restore prosperity in the USA and elsewhere. Warm-Up: The Great Depression. If someone says it better, let them say . it… CRASH . 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.