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Depression, Variant II
5
The Roaring 20's
After the First World War, the United States entered a decade of relative prosperity.
Financial SPECULATION drove the stock market, creating tremendous wealth for a few. The wealthy of the period built large houses and spent lavishly on bootleg alcohol.
The era is remembered for the creation of jazz music, famous mobsters, and "speakeasys."
Examine the key
Millions would MIGRATE
A combination of overcropping and unsustainable farming techniques destroyed millions of farms.
The most serious droughts occured here, in the "Dust Bowl."
The Gross Domestic Product was an economic measure developed during the Great Depression, to track the nation's recovery.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period.
What Happened?
Use the question stem to pose a COUNTERFACTUAL
What would happen if_______ instead of _________?
Example: What would happen if the government had raised the minimum wage?
When complete, we'll choose a question to answer. Jot down your answer to the question. Be prepared to discuss.
By 1929, the party was over.
Exit Question: Summarize - Identify the primary cause and ONE effect of the Great Depression.
Remember, counterfactuals ask "what if it happened differently?"
Let's examine some VARIABLES around the Great Depression.
A.) Unregulated trading of stocks led to a disastrous crash.
B.) Low wages kept consumers from the marketplace.
C.) The Dust Bowl wiped out midwestern farms, deepening the unemployment crisis
Task One: Together, we will read "Countdown to Financial Crisis"
ANNOTATE - Causes of the financial crisis of 1929
Counterfactual Discussion: Examining Cause and Effect
Together, we're going to listen to a popular song of the era. Read along. When complete, answer, in an ACE paragraph:
How did the Great Depression impact the American people?
Task: Art as primary source
Get Ready...
Use this data to answer:
When did the Great Depression start? When did it end?