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Unit2.Gd.Honors
1. Unit 2: The Great Depression & World War II
Topic 1: The Great Depression
Guiding Questions
What caused the Great Depression?
‐‐‐‐What were the weaknesses in the 1920s economy?
‐‐‐‐How did the stock market crash of 1929 contribute to the G.D.?
‐‐‐‐Why did the GD go global and what affect did that have on the U.S.?
How did the Great Depression affect Americans?
‐‐‐‐How was the effect different in the cities and the rural areas?
‐‐‐‐What was the effect on women? minorities? children?
Why did President Hoover's policies fail to solve the economic crisis?
‐‐‐‐Why was President Hoover reluctant to interfere with the economy?
‐‐‐‐What measures did he take initially? How did his approach change over time?
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2. Our story begins in here:
quot;By adherence to the principles of decentralized self‐government, ordered liberty, equal opportunity, and freedom to the
individual, our American experiment in human welfare has yielded a degree of well‐being unparalleled in all the world. It has never
come nearer to the abolition of poverty, to the abolition of fear of want, than human has ever reached before.quot;
‐‐‐Herbert Hoover, 1928
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6. Lesson #3: the Business Cycle
Peak Peak Peak
Con
ion
Con
ion
Con
ion
ans
trac
ans
trac
ans
trac
Exp
tion
Exp
tion
Exp
tion
Decling Production Trough Rising Production
Trough
Declining Employment Rising Employment
Declining Incomes Rising Incomes
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7. Problems in Uneven Distribution
Agriculture of Wealth
Underlying
Causes of the Great Depression
Easy Credit
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9. Peak: 1929
Trough, 1932
• GDP down between 1/2 and 2/3rds from 1929
• Construction expenditures down 70%
• Investments rates down 98%
• Unemployment = 25%
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