View
214
Download
1
Tags:
Embed Size (px)
Citation preview
HOT ROC: What are the similarities between the economic decline of 1929 and 2008?
1929 2008
Heavy borrowing Corruption Unrealistic buying stocks
on margin and goods on credit
Falling real-estate prices Vastly overvalued stocks Bailout by GM’s Durant,
Rockefeller, Lamont Emergency spending
programs: New Deal
Heavy Borrowing Corruption Risky investments by stock
broker companies Plummeting real-estate prices Vastly overvalued stocks Bailout by government,
Buffett Emergency spending
programs: American Reinvestment and Recovery Act
HOT ROC: What are the differences between the economic decline of 1929 and 2008?
1929 2008
Government’s involvement in the economy: 3%
Governments did little to directly intervene
Massive bank failures: 40-50%
Unemployment: 25% *Add to glossary
Government’s involvement in the economy: 20%
Governments all over the world rushed to prevent a total meltdown
Few bank failures: 0.6%
Unemployment: 9%
New Vocab: Which approach do you think is best for the economy?
Supply Side Economics The theory that economic growth depends on
increasing the supply of goods and services through tax cuts; also known as trickle down economics
Demand Side Economics The theory that economic growth comes from
government spending and regulation of the economy; also known as Keynesian economics
FDR Launches the New Deal’s First Hundred Days Read over page 398 What 2 programs do you think could most
help the US in 1933? What 2 programs do you think could help the
least? Why?
News broadcasts You will be working to develop a news
broadcast in a group of 3-4 that will teach the class about the impact of the Depression on a particular group.
Homework: Read the assigned section for your news broadcast group.
Performances will be on Friday.
Review http://
www.youtube.com/watch?v=Wil1ePlT1xs&feature=related
Homework Study Vocab Do Makeup Work, due December 9th