Chapter 11: The Great Depression Begins
Section 1: The Causes of the Great Depression

Name____________________________

Main Idea:

Stock speculation on an unregulated stock market put investors and banks at risk in the 1920s

Objectives:

People, places and terms:

stock market


bull market


margin


margin call


speculation


bank run


installment


collapse


invest


sum


Alfred E. Smith

Black Tuesday

Hawley Smoot Tariff

 

Questions:

What section of the nation supported Smith?Why might this be suprising?

 

What was the stock market like in the 1920s?

 

What descriptions show the stock market despair?

 

What chain of events led to the economic crash of 1929?

 

 

 

p403 Bank Failures
Which two years had nearly similar numbers of bank closures?

 

p 403 Unemployment graph
Why might people have been hopeful in 1932?


What three factors led to the Great Depression?
1.
2.
3.

p 402 Turning Point
Do you think the Great Depression required government intervention?