DO-NOW: What is a depression? How would you describe the current status of the US economy?

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DO-NOW: What is a depression? How would you describe the current status of the US economy?

Transcript of DO-NOW: What is a depression? How would you describe the current status of the US economy?

Page 1: DO-NOW: What is a depression? How would you describe the current status of the US economy?

DO-NOW: What is a depression?

How would you describe the current status of the US economy?

Page 2: DO-NOW: What is a depression? How would you describe the current status of the US economy?

Depression: a period of sharp decline in the economy

Inflation: an increase in prices & a decline in the purchasing power of money

Capital: money used for investment

Self-Sufficient: able to provide for oneself without help from others

Stock Market Crash of 1929: stock prices fell dramatically

Debt: Money owed

Page 3: DO-NOW: What is a depression? How would you describe the current status of the US economy?

Everyone will complete the following task:Read Documents #1 – 4Underline/Highlight any important informationAnswer the questions that go with each

document

Page 4: DO-NOW: What is a depression? How would you describe the current status of the US economy?

Causes Effects

Huge Debt from World War I Unemployment

European dependence on US $ Loss of Faith in Capitalism/Democracy

Overproduction of goods and lack of demand

Authoritarian leaders gain support

Stock Market Crash of 1929 Rise of Fascism/Rise of Hitler/Rise of Mussolini

America can no longer loan money to European nations

World War II begins

Businesses and factories fail, because banks recall loans

Page 5: DO-NOW: What is a depression? How would you describe the current status of the US economy?

Using the information provided, craft a short Newspaper article that you would see in Europe during the 1920’s or 1930’s.