From Prosperity to Panic

The U.S. enters the Great Depression

The Roaring Twenties end in 1929

America enters the Great Depression

REVIEW:

1920s - Imminent Crash!• Growing income gap

rich poor

• Rural / urban divide

• Overspending (Credit)

• Risky investments

Today’s Note-Taking Focus

• First, listen and fill in the missing numbers

• Then, listen again and take notes on each main point.

– NOTE: You will not see many words on today’s powerpoint. I will mainly show pictures. Listen for the main ideas.

Listen and fill in the missing numbers.

Listen and take notes on the main ideas under

each statistic.

Stock Market Crash!

Banks Failed

Unemployment

Breadlines

Hoovervilles

Homeless Men Wandered

Homeless Men Wandered

Suicide Increased

Farms were foreclosed & repossessed.(Farmers couldn’t pay their mortgages.)

Dust Bowl

“Black Blizzards”

Migrants (“Okies”)

Migrants (“Okies”)

Review

What happened in 1929 if your bank failed?

A. You had to wait to get your money back.B. The government would pay you back.C. You lost all of the money you had in the bank.D. The insurance company would pay you back

What is a mortgage?

A. A bank loan for land or a house.B. A farm.C. A migrant worker.D. Another word for a “Hooverville.”

Where was the “Dust Bowl”?

A. CaliforniaB. The SouthC. The Southern Great PlainsD. The Midwest

Who were “Okies?”

A. All people from OklahomaB. Women whose husbands left themC. Homeless men who left cities to find workD. Dispossessed farmers who moved west

Who were “Okies?”

A. People from Oklahoma.B. Women whose husbands left themC. Homeless men who left cities to find workD. Dispossessed farmers who moved west

NEXT LECTURE: The government takes action!