7.2 The Great Depression Begins

Open Ended

What do we already know about "the stock market"? What are stocks? How do they work? Why do people buy them?

7.2 The Great Depression Begins

1. Schedule your 2nd marking period meeting NOW! Extra credit if YOU schedule. Bookings QR

2. Download and use the guided notes- Lesson 7.2 (1/20) in Prep for Success Tab.

3. Happy birthday to Dayana Hernandez!

4. Q2, S1, Yearlong Grades in US History- Jan 26th.

Reminders:

• Identify how a weakening economy affected farmers and workers.

• Explain the causes and economic effects of the Great Depression.

Objectives:

Multiple Select

What were some signs that the American economy was strong before the Great Depression?

• Steady growth in national income

• New, exciting products available to consumers.

• Buying on installment plans.

• Farmers struggling.

Multiple Choice

If supply of something goes up, what typically happens to prices?

• Prices go up.

• Prices go down.

• Nothing.

Fill in the Blanks

Buying stocks with borrowed money is called buying on a

.

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 had loaned customers' deposits to be put into the stock market, which were now gone.

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

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

Open Ended

How would the stock market collapse of Black Tuesday lead to the failure of thousands of banks throughout the country?

Open Ended

Explain at least two economic conditions or activities that led to the Great Depression, and at least one condition or activity that worsened the effects of the Great Depression after the stock market crashed.