3.1 The Great Depression Begins

Open Ended

What is one good piece of advice when it comes to money? What is one bad piece of advice when it comes to money?

Draw

This chart measures the unemployment rate from 1925-1948. 

Circle the years with the highest rate of unemployment.

Fill in the Blank

The easy credit programs that allowed consumers to purchase products by making smaller payments over time were called ___.

Multiple Select

Which of the following were signs that the economy was struggling by the late 1920s?

• Sick industries

• Overproduction in agriculture

• Income inequality

• All of the above

Multiple Select

Opinion: What do you think was the biggest sign that the economy was struggling?

• Sick industries

• Overproduction in agriculture

• Income gap

• Buying on credit

Multiple Choice

What was one major reason investors in the 1920s were able to buy more stocks than they could afford?

• They bought stocks on margin, borrowing money to purchase them.

• They received government grants for stock purchases.

• Stocks were given away for free to new investors.

• Banks forced people to buy stocks.

Multiple Choice

What event is known as 'Black Tuesday' and why is it significant in American history?

• The day the stock market crashed, marking the start of the Great Depression

• The day World War I ended, leading to economic prosperity

• The day the United States declared independence

• The day the first bank opened in New York

Multiple Select

Which of the following events contributed to the Stock Market Crash of 1929?

• Panicked speculators selling shares

• Banks calling in loans

• A sudden increase in stock prices after the crash

• No buyers to purchase stocks

Multiple Choice

Why did the price of stocks fall when panicked sellers sold their stock on Black Tuesday?

• because there were more buyers than sellers

• because the stocks were more valuable than their prices

• because sellers had to pay back their margin loans

• because so many stocks were offered for sale

Google Earth

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Fill in the Blank

During the 1930's, about ___ of the banks failed in the United States.

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Multiple Select

Which of the following were consequences of the stock market crash of 1929?

• A series of financial disasters

• Bank runs

• Immediate economic recovery

• Widespread unemployment

Draw

This picture shows a Bank Run.

Draw or add an emoji to show how you think the people in this photograph felt.

Open Ended

Describe the impact of bank runs on ordinary people during the Great Depression.

Multiple Choice

Why were banks unable to return money to depositors when depositors created a run on the bank?

• The banks kept insufficient records of each customer's deposits.

• The banks did not have enough workers to serve all the customers at once.

• The banks kept the cash at a larger bank rather than at a local bank.

• The banks lost their deposits on the stock market.

Multiple Choice

Which of the following was a direct result of the Smoot-Hawley Tariff of 1930?

• International trade increased significantly

• American exports rose by 78%

• International trade dropped by 75%

• Countries reduced tariffs on American goods

Open Ended

What do you think was the biggest cause of the Great Depression?