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Do Now:

In your notebook answer this question:

What caused the Great Depression?

America's economic policy with Europe

  • Hawley-Smoot Tariff 1930
  • Placed a high tax on imports
  • Led to a decline in trading
  • Meant to protect American Companies

Drought Conditions

Prolonged period of abnormally low rainfall

Reduction in Purchasing

The Dust Bowl

A period of severe dust storms during the 1930s

  • People stopped buying goods
  • Caused by the drought
  • Forced thousands to abandon their farms
  • Production declined
  • Caused major economic problems
  • People could not pay off items bought through installment buying

The Great Depression

1929-1939

Causes of the

Great Depression

The deepest and longest-lasting economic downturn in the history of the Western industrialized world.

Bank Failure

  • Deposits were uninsured
  • Over 9,000 banks failed in the 1930s
  • Surviving banks were afraid to give out loans

1929 Stock Market Crash

Black Tuesday October 29 1929

  • 16 Million shares sold
  • This creates PANIC
  • $14 Billion lost in a single day

Exit Ticket:

1. What were the 5 causes of the Great Depression?

2. Choose one cause and explain it in detail.

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