STANDARD VUS.10c 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; Essential Understandings Essential Knowledge The Great Depression was caused by Causes of the Great Depression severe weaknesses in the Overproduction of industrial and agricultural products nation’s agricultural, financial, and industrial Purchasing items on credit, placing Americans in an unstable financial position sectors, resulting in widespread Unequal distribution of wealth, making it difficult for many Americans to make purchases hardships. An agricultural depression that had plagued farmers throughout the 1920s Federal failure to prevent widespread collapse of the banking system in the late 1920s and early Reserve’s nation’s 1930s, leading to severe contraction in the supply of money in circulation nation’s 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
STANDARD VUS.10c 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; Essential Understandings Essential Knowledge The Great Depression was caused by severe weaknesses in the nation’s agricultural, financial, and industrial sectors, resulting in widespread hardships. 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
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