The Great Depression Begins… Today’s Goals: 1.) REVIEW: Why was there an economic boom in the...
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The Great Depression Begins… Today’s Goals : 1.) REVIEW: Why was there an economic boom in the 1920s? (LACK PANTS) 2.) How can each factor contributing to the economic boom in the 20s also contribute to the reasons why the economy will crash in 1929? Created by Mrs. Bedard PVMHS
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Transcript of The Great Depression Begins… Today’s Goals: 1.) REVIEW: Why was there an economic boom in the...
Created by Mrs. Bedard PVMHS
The Great Depression Begins…
Today’s Goals:
1.) REVIEW: Why was there an economic boom in the 1920s? (LACK PANTS)
2.) How can each factor contributing to the economic boom in the 20s also contribute to the reasons why the economy will crash in 1929?
Created by Mrs. Bedard PVMHS
The Great Depression Begins…
Main Idea:Many living in the 1920s thought that
economic prosperity would go on forever…However, there were many warning
signs that economic troubleswere on the horizon.
Created by Mrs. Bedard PVMHS
1920-1929 1929-1941
From BOOM to BUST!
Created by Mrs. Bedard PVMHS
1920-1929prosperity
1929-1941depression
From BOOM to BUST!
Created by Mrs. Bedard PVMHS
The Great Depression Begins…
So remind me what you learned last week…
Why was there an economic boom in the 1920s?
Created by Mrs. Bedard PVMHS
1.) Why was there an economic Boom in the 1920s?
Created by Mrs. Bedard PVMHS
Laissez-Faire
Assembly Line
Credit
Knowledge/Tech
Position #1
Advertising
New Products
Tariffs
Share Confidence
1.) Why was there an economic Boom in the 1920s?
Created by Mrs. Bedard PVMHS
Laissez-Faire
Assembly Line
Credit
Knowledge/Tech
1.) Why was there an economic Boom in the 1920s?
DefinitionREASON GOOD because
No gov. regulationsOn business
Business can do what it needs to in order to make $
Breaks big tasks intosmall fast tasks.
Can make more productsfaster = lowers prices
Allows consumers tobuy more products
Businesses had tech to helpproduce faster. And learnedhow to run businesses better.
Buy now pay later
Ex: electricity
Created by Mrs. Bedard PVMHS
Position #1 inthe world
Advertizing
New Products
Tariff
1.) Why was there an economic Boom in the 1920s?
DefinitionREASON GOOD because
After WWI we werethe richest/powerful
Every other nation wants to dobusiness with us. (TRADE)
Mass media designedto get you to buy
Brings more consumers out and encourages spending.
People BUY…Businesses make $JOBS!
People buy the cheaper Americanmade goods.
Cars, Radios, timesaving appliances
Tax on foreign goodsmakes them expensive
Stock Market Confidence
People invest money = businesseshave $ to pay wages/make stuff
Share /Stock = owning a part of a company
Created by Mrs. Bedard PVMHS
2.) How can each factor contributing to the economic boom
also contribute to the reasons why the economy will
crash in 1929?
Created by Mrs. Bedard PVMHS
Laissez-Faire
Assembly Line
Credit
Knowledge/Tech
2.) How can LACK PANTS can also cause a BUST?
DefinitionREASON BAD because
No gov. regulationsOn business
Business could take advantage,form trusts, raise prices, etc.
Breaks big tasks intosmall fast tasks.
If a business makes too much too fast = deflation of prices
People spend too muchgo into debt!
If a business makes too much too fast = deflation of prices
Buy now pay later
Ex: electricity
Created by Mrs. Bedard PVMHS
Position #1 inthe world
Advertizing
New Products
Tariff
2.) How can LACK PANTS can also cause a BUST?
DefinitionREASON BAD because
We are a target…other countriesmay want to hurt us.
Encourages us to buy stuffwe don’t always need!
Old products don’t sell. MakesYou think you need it.
If we make foreign goods expensive,
won’t other nations to this to us?
Share Confidence
What if we invest in companiesthat don’t last? = we lose our $
After WWI we werethe richest/powerful
Mass media designedto get you to buy
Cars, Radios, timesaving appliances
Tax on foreign goodsmakes them expensive
Share /Stock = owning a part of a company
