THE GREAT DEPRESSION Chapter 19 Section 1. The Dow Jones Since 2000 FEBRUARY 22, 2000 - DJIA at...
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Transcript of THE GREAT DEPRESSION Chapter 19 Section 1. The Dow Jones Since 2000 FEBRUARY 22, 2000 - DJIA at...
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THE GREAT DEPRESSION
Chapter 19 Section 1
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The Dow Jones Since 2000• FEBRUARY 22, 2000 - DJIA at 10,305• FEBRUARY 22, 2001 - DJIA at 10,526
(G.W. Bush’s first year)• FEBRUARY 22, 2006 - DJIA at 11,101• FEBRUARY 22, 2007 - DJIA at 13,100• FEBRUARY 22, 2008 – DJIA at 12,156• FEBRUARY 22, 2009 - DJIA at 7,187
(Obama’s first year)• FEBRUARY 22, 2010 - DJIA at: 10,383• FEBRUARY 22, 2011 – DJIA at: 12,213 • FEBRUARY 22, 2012 - DJIA at: 12,939• FEBRUARY 22, 2013 - DJIA at: ?????
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2010 2013• ATT = 28.36• BRK-HA “ = 129,894• BestBuy “ = 32.44• Coke = 26.56• Cisco = 18.73• Circuit City = 0.0030• Google =
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1) Late 1920s – the ____________ fell apart
2) Most Americans lived on less than __________ a year
3) People relied on _____________________ to pay for things that cost a lot of money (like credit cards today)
4) People invested money in the __________________ -
People purchased ____________ in a business
Goal: Become _________!
ECONOMY
$3000
INSTALLMENT PLANS
STOCK MARKET
SHARES
RICH
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THE STOCK MARKET
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5) In order for people to get rich they _____________
money based on _______________.
They believed the price of stocks would
_____________.
6) Stock prices ______________ throughout the 1920s
7) In autumn 1929, stock prices ___________________
INVESTEDSPECULATION
RISE
WENT UP
PLUMMETED
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8) People began to ________ stocks.
As a result, prices began to ___________ some more.
9) On October 29, 1929 – “______________________”
Stock prices __________________ causing widespread panic across the U.S. and world!
10) Overnight, stocks became __________________ and those who borrowed owed __________________ than the stock was worth.
11) Prices would continue to fall for __________________.
SELLFALL
BLACK TUESDAYPLUMMETED AGAIN
WORTHLESSA LOT MORE
3 MORE YEARS
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THE DOW JONES INDUSTRIAL AVERAGE• FEBRUARY 22, 2000 - DJIA at 4,000• FEBRUARY 22, 2006 - DJIA at 11,101• FEBRUARY 22, 2007 - DJIA at 13,100• OCTOBER 1, 2007 DJIA at
14,087.55• FEBRUARY 22, 2008 – DJIA at 12,156• FEBRUARY 25, 2009 - DJIA at 7,187 • FEBRUARY 26, 2010 - DJIA at: 10,355• FEBRUARY 28, 2011 – DJIA at: 12,201• FEBRUARY 22, 2012 – DJIA at: 12,955.17
(7:25 am)
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2011 2012
• ATT = 28.36 30.34
• BRK-A = 129,894 119,375
• BestBuy = 32.44 25.91
• Coke = 26.56 28.61
• Cisco = 18.73 20.36
• Circuit City = 0.0030 0.0020If you spent $100,000 last year on Coca-Cola, you would have $107,718 today. Your net profit / income would be $7,718. (A return of 7.7%)
If you spent $100,000 on Circuit City, you would only have $66,667 today, or a loss of $33,333 (a loss of 33.3%)
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12) The ___________________________ hits the U.S.
13) ___________________ would be out of work
14) Farmers ___________________ on loans and would lose their farms.
They purchased new _______________ and could not pay back the loans.
____________ went out of business.
After WWI, fewer __________ were being sold.
GREAT DEPRESSION
MILLIONS
DEFAULTED
MACHINES
BANKS
CROPS
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15) ______________ and ______________ industries grew smaller due to lack of spending money
Smaller ______________ let workers go.
16) In 1932, the U.S. ______________ had fallen apart
and __________________ of businesses had closed.
____________________ could not pay employees
____________________ had lost their jobs
____________________ stockpiled.
Many had less than _____________ a day for food.
CLOTHING MINING
FACTORIES
ECONOMYTHOUSANDS
FACTORY OWNERSMILLIONSUNSOLD GOODS
$1.50
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17) Banks _________________ on many farmers’ properties
On one day in Mississippi, _________ of all farmers lost their property
18) _________________ and __________________ were common since many people were without food.
FORECLOSED
25%
BREADLINES SOUP KITCHENS
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BREADLINES IN MAJOR CITIES
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SOUP KITCHENS
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19) TEENS –
There were more than ______________ homeless teens
Since they had no _________, many left home.
Many felt they were _____________ to their families
Some traveled on top and in ________________.
Many were ___________ or __________.
Others died from _____________ and ______________
Some found work __________________________.
250,000
JOBSBURDENS
BOX CARS
INJURED DIED
DISEASEHUNGER
ON FARMS PICKING CROPS
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20) The ___________________ had no answers.
_____________________ wanted to help end the Depression.
He felt government ________________ was not the answer.
He wanted ________________ to help themselves.
GOVERNMENT
PRESIDENT HOOVER
CHARITY
AMERICANS
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21) Many Americans were _____________:a) Some joined the _____________________.b) Farms ___________________ crops.c) Farmers stopped ___________ from taking their
propertyd) WWI ______________ marched on
Washington, DC 1932 – Known as the “_______________________” Congress had promised ____________ to
them but Hoover rejected them. ___________________ drove out the vets by
attacking them Many Americans saw this and demanded
_____________ to the government
ANGRYCOMMUNISTS
DESTROYEDBANKS
VETS
BONUS ARMYBONUSES
U.S. TROOPS
CHANGE
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Vocabulary• Speculation – making a guess as to whether
something will happen
• Stock – a unit of ownership in a business
• Soup Kitchen – place where free food is served to the needy
• Breadlines – a line of people waiting for free food