Social Studies - 2018-19

VUS.10c - Great Depression

The student will apply social science skills to understand key events during the 1920s and 1930s by

c) explaining the causes of the Great Depression and its impact on the American people;


Adopted: 2015

BIG IDEAS

UNDERSTANDING THE STANDARD

The Great Depression was caused by severe weaknesses in the nation’s agricultural, financial, and industrial sectors, resulting in widespread hardships.

ESSENTIALS

Causes of the Great Depression 

 Overproduction of industrial and agricultural products 

 Purchasing items on credit, placing Americans in an unstable financial position 

 Unequal distribution of wealth, making it difficult for many Americans to make purchases 

 An agricultural depression that had plagued farmers throughout the 1920s 

 Federal Reserve’s failure to prevent widespread collapse of the nation’s banking system in the late 1920s and early 1930s, leading to severe contraction in the nation’s supply of money in circulation 

 High protective tariffs produced retaliatory tariffs in other countries, restricting world trade

Impact of the Great Depression 

 Unemployment and homelessness 

 Collapse of the financial system (bank closings) 

 Decline in demand for goods 

 Political unrest (growing militancy of labor unions) 

 Farm foreclosures and migration


KEY VOCABULARY

Terms & Events

Stock Market Crash

Overspeculation

Bankruptcy

Buying on Margin

Federal Reserve

Contraction

Hawley-Smoot Tariff (Tariff Act of 1930)

Fireside Chats

Militancy

Foreclosure

Migration

New Deal

Three R’s

WPA

AAA

FDIC

Social Security

People

Franklin Roosevelt


Updated: May 18, 2018