Lesson 3 - The Wall Street Crash and Great Depression
If you have a Netflix account, this 'explained' episode is an excellent introduction in to the origins and function of the US stock market.
Read Walsh pages 211-2.
Using the films and the text, briefly explain how the stock-market works and how people made so much money in the 1920s
Again reading 211-212, complete the causes of the Wall Street Crash diagram (right). Add a brief note beneath each factor to explain how it helped to cause the Crash.
In one of the smaller boxes under each factor, put a letter to show what kind of cause it was: S short-term (arose in the weeks or months before the crash); L long-term (had been brewing up for years or even decades).
In the other box, give the factor a mark out of 10 for its importance.
Finally, you are an economic advisor employed to advise on reforming the US financial system. What practical changes would you suggest in order to provent another Wall Street crash?
The human cost of the Great Depression.
Lovely short film on Dorothea Lange's photography. NB The Matu examiners like her work.
Read the sources on pages 214 and 215 of your text book and consider the sources above. Make a set of notes that examines the human cost of the Depression by explaining both the impact on the rural and industrial communities of the USA.
True or false quiz. 20 factual knowledge questions based on your understanding of this topic and the Crash Course film.