PPT-1. The Great Depression:

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. Nicholas Crafts and Peter Fearon. The 1930s. Deflation, slump and crisis. De-globalization: trade wars, collapse of gold standard and of foreign lending. Lessons from the downturn quite well understood; but also much to be gained from looking at recovery. (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. 18 AugGreat-great-granddaughter-in-lawDebrah A. EastmanGreat-great-great-granddaughterRichard SmithJeremy Beattie SmithGreat-great-great-great-grandsonDiane L. Eastman Great-great-great-great-granddau 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. . 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.. a. Discuss the Stock Market Crash of 1929, Herbert Hoover, Franklin Roosevelt, the . Dust Bowl, and soup kitchens.. b. Analyze the main features of the New Deal; include the significance of the Civilian Conservation Corps, the Works Progress Administration, and the Tennessee Valley Authority.. & New Deal. January 2-5, 2018. (Jan. 4-5 = snow days). Why are we here this week?. Students will complete Ch. 14: Great Depression (HA 30-32) collaborative, open-notes assessments, plus Ch. 15: The New Deal (HA 33).. 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. 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.