Understanding the Great Depression

Chantel·

History

Preview

At a Glance

Grade Level11th Grade

SubjectHistory

Original Prompt

Causes of the great Depression quick notes and what is important to know.

This lesson delves into the myriad causes of the Great Depression, a profound economic crisis that struck the United States from 1929 to 1939. Students will explore the significance of the Stock Market Crash, which marked the beginning of this era, alongside a nationwide banking crisis that resulted in over 9,000 bank failures, undermining public trust in financial institutions. The lesson also examines the issue of uneven wealth distribution, highlighting how wealth concentrated in the hands of a few impacted consumer purchasing power and contributed to the economic downturn. Furthermore, the topic covers agricultural challenges due to overproduction and environmental factors like the Dust Bowl, leading to a catastrophic drop in farm incomes. Additionally, international factors and government policy failures are discussed, including high tariffs and the initial reluctance of the government to intervene effectively. The lesson concludes with a reflection on lessons from the Great Depression and their relevance to today's economic landscape.