14
Interwar YearsSocial Studies 11
Ms. Thind
Roaring 20s and Consumerism Consumerism: social and economic system
causing desire to purchase material goods in great amounts.
Economic boom wages spending
Rise of credit
Roaring 20s and Consumerism Rise in advertising
New technology: telephone, automobiles, toaster, washing machines
New inventions: radio, Band-Aids, hair dryer
What were the causes, effects, and responses to the Great Depression?
The Great Depression
Black Tuesday – October 29, 1929.
Severe economic depression caused by:
- consumer demand
- financial panic
- misguided government policies
The Stock Market CrashOctober 29, 1929 Black TuesdayPanic selling as many had bought on margin
Causes of the Great DepressionOverproduction and expansionDependence on primary productsDependence on the USHigh Tariffs – ProtectionismPsychological Uncertainty
Effects of the Great DepressionDemand for raw materials decreases.Companies cut back on production layoffs.
GDP drops 40%Unemployment reaches 30%
To Make Matters Worse
