Describe the impact of the boll weevil
and drought on Georgia.
Production – Distribution -
4. •Lack of rainfall
period of time
1924-1927 DROUGHT IN GEORGIA
• Food shortage
• Farmers went into
move to urban
• Agricultural related
6. Economic Factors
of the Great
SS8H8: b. describe the economic
factors that resulted in the Great
7. THE ROARING 20s – AMERICANS BECOME RICH
The 1920s were an age of dramatic social and political
change. For the first time, more Americans lived in cities
than on farms. The nation’s total wealth more than
doubled between 1920 and 1929, and this economic
growth swept many Americans into an affluent but
unfamiliar “consumer society.” People from coast to coast
bought the same goods (thanks to nationwide advertising
and the spread of chain stores), listened to the same
music, did the same dances and even used the same
14. Stock Market Speculation
People bought stocks and paid only
part of the cost at the time of purchase.
Even though it wasn’t paid for, the investor
could sell it.
If stock went up, all could be paid.
This made prices higher than
what they were really worth.
Borrowing more money that they could
afford to repay.
Hurts banks, so banks can’t loan money to
Businesses don’t get paid, people get laid
20. Industrial Overproduction
Factories and farmers produced more good
than they could sell.
Had to stop production, so people loose
Farmers drove prices so low they couldn’t
pay debts…then drought hit.
21. High Tariffs
Tax on imports.
Made it hard for other countries to sell goods in
the U.S. and get money to repay wartime loans
or buy U.S. products.