The Great Depression

At the end of the 1920s

• people bought more items on credit.

• a cycle of layoffs and business failures began.

• people bought more stock.

• World War II began.

stock prices dropped in the fall of 1929 because

• there was new stock available.

• no one was selling their stock.

• too many people were selling their stock.

• the stock market was stable.

Bankers tried to save the stock market by

• selling all of the stock.

• buying large amounts of stock in important industries.

• loaning money to people to buy stock.

• closing the stock market.

When people went to the banks to get out their savings

• the banks had loaned the money so they could not give it back.

• the banks gave everyone their money.

• new money was printed.

The Great Depression

• the only time we had an economic depression.

• was short and didn't affect many people.

• was deeper and longer than any depression before it.

In the fall of 1929. the stock market

• prospered.

• crashed.

• began.

The decade after WWI where quality of life improved was called _____.

• Post War Success Decade

• Roaring Twenties

• Good Times Twenties

• Great Depression

During the Roaring Twenties, many people used cred to purchase items like _____.

• wagons

• seeds

• cars

Cars (automobiles) became MORE common during the Roaring Twenties.

• True

• False

The 1920's were called the Roaring Twenties because people roared after the Allies won WWI.

• True

• False