8.5 - The Great Depression

From EngageNY

Economic and environmental disasters in the 1930s created hardships for many Americans. Amidst much debate about the appropriate role of government, President Franklin D. Roosevelt helped to create intensive government interventions in the United States economy and society.

8.5a
Risky investing, protectionism, and overproduction led to the collapse of the stock market, a wave of bank failures, and a long and severe downturn in the economy called the Great Depression.
  • Students will examine how the economic practices of the 1920s contributed to the coming of the Great Depression.
8.5b The Great Depression and the Dust Bowl affected American businesses and families.
  • Students will examine the effects of the Great Depression on American families in terms of the loss of jobs, wealth, and homes, noting varying effects based on class, race, and gender. Students will explore the conditions in New York City and other communities within New York State during the Great Depression.
  • Students will explore the man-made and environmental conditions that led to the Dust Bowl, the economic as well as cultural consequences of the Dust Bowl, and federal government efforts to address the problem.
8.5c President Roosevelt issued the New Deal in an attempt to revive the economy and help Americans deal with the hardships of the Great Depression. These New Deal reforms had a long-lasting effect on the role of government in American society and its economic life, but did not resolve all of the hardships Americans faced.
  • Students will identify key programs adopted under the New Deal, including the creation of the Federal Deposit Insurance Corporation and the Securities and Exchange Commission, and the adoption of the Social Security Act.

Supporting Materials

Game

Black Friday

When you invest in the stock exchange, you want to buy low and sell high! But it does not always go that way, so sometimes you will need subsidies from the government to keep investing. To keep the stocks you have acquired on the rise, you must convince other players they have value so they will...

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