Causes of the Great Depression PDF

Name: ___________________________________________________ Date: ________________ Hour: _______ Cause of the Great Depression Chapter 8 Section 1 Essential Questions: How did the prosperity of the 1920’s give way to the Great Depression. Prosperity Hides Troubles...

Name: ___________________________________________________ Date: ________________ Hour: _______ Cause of the Great Depression Chapter 8 Section 1 Essential Questions: How did the prosperity of the 1920’s give way to the Great Depression. Prosperity Hides Troubles economic 1. The 1920’s were a period of _________________________ prosperity in the United States. 2. Warren G. Harding and Calvin Cooldige (both ____________________ ) were Presidents during the 1920’s. Republicans Herbert 3. People’s optimism led them to elect another Republican _______________ __________________ in1928. Hoover crisis 7 4. Little did they know, an economic ___________________ was just _______________ months away. Problems Plague American Farmers 1. American _________________ faced hard times throughout the 1920’s due to having huge _____________ for farmers farm equipment. loans 2. When the war was over, they could no longer sell their _____________ crop yields and they went _____________. high broke 3. The result was a rural ___________________ that impacted millions of farmers in the 1920’s. depression Name: ___________________________________________________ Date: ________________ Hour: _______ Easy Credit Hides Problems 1. _________________ buying also made the American _________________ frail and vulnerable. Installment economy 2. Credit allowed Americans to buy new ____________________ goods, but they did so with money they didn’t consumer actually have. 1 failed 3. Millions of Americans went into ___________. Eventually the American economy _______________. debt 4. Eventually the ________________ ___________________ came crashing down in 1929. stock market 5. One particular day signaled the crash - it is known as _________________ _____________________. Black Tuesday The Great Depression Begins 1. The stock market crash marked the beginning of the _________________ ______________________. Great Depression 2. One of the first _________________________ to collapse were the nation’s ________________. institutions banks 3. Once stock prices _____________________ , investors flooded banks to try to pull out their ________________. crashed money 4. As people lost their __________________ they stopped spending money on _________________. jobs products 5. Businesses were forced to cut workers resulting in record numbers of _________________________. unemployment 6. By 1933, nearly ______________ percent of all American workers were _____________________. 30 unemployed