United States History Unit 7: 1920’s-1930’s Great Depression Bell Work: Recall the different...
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United States History Unit 7: 1920’s-1930’s Great Depression Bell Work: Recall the different parts of the business cycle. Draw the cycle and label the various parts. •What’s the difference between a depression and a recession?
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Transcript of United States History Unit 7: 1920’s-1930’s Great Depression Bell Work: Recall the different...
United States History Unit 7:1920’s-1930’s Great Depression
Bell Work: Recall the different parts of the business cycle. Draw the cycle and label the various parts.•What’s the difference between a depression and a recession?
Basic Economics
ExpansionBull
ContractionRecessionBear
Peak
Trough- Bust
Recovery
Macro Supply and Demand
Price
Quantity
Macro Supply and Demand
Price
Quantity
Law of demand: As price goes up demand goes down and vice versa.
Macro Supply and Demand
Price
Quantity
Law of supply: as price goes up the quantity supply will increase.
Macro Supply and Demand
Price
Quantity
Macro Supply and Demand
Price
Quantity
Where supply and demand cross this is price equilibrium
Macro Supply and Demand
Price
Quantity
Macro Supply and Demand
Price
Quantity
In the 20’s, one of the causes was too much supply and too little demand (too many goods too few takers).
20’s and the Depression
• Now- with that as a basis, you need to examine the other causes of the depression.
• Realize that the stock market crash was only the short term effect of the depression.
Graphic Organizer: The Economy in the Late 1920’s 498-501, 730-733
Economy Appears Healthy
Economic Danger Signs
Herbert Hoover
Wonderful Prosperity
Everybody Ought To Be Rich
Welfare Capitalism
Uneven Prosperity
Buying on Credit
Playing the Stock Market
Too Many Goods, Too Little Demand
Trouble for Farmers
Trouble for Workers
