? starter activity

1
? starter activity
In May 2012 Mark Zuckerberg put his company up
for sale. The public could buy a piece or pieces
of the company known as shares. Their money would
be used to improve Facebook and in return they
would receive an annual income known as
dividends. Would you buy shares in Facebook?
?What are the dangers in buying shares?
Describe the picture or source here.
2
Why did Wall Street Crash?
? Key words stocks recession speculate
tariff
? Learning objectives

• TBAT explain 5 main causes of the WSC and assess
  the extent to which Hoover was to blame

3
In 1928 Herbert Hoover, Republican, won the
presidential election. He famously said as
entered the White House in 1929, We in America
today are nearer to the final triumph over
poverty than ever before .the poor man is
vanishing from us. Within months of this
speech, the world was plunged into one of the
deepest recessions ever seen. Read the extract
from Walsh, Modern World History p.211-2 and
try to identify as many different causes of the
Wall Street Crash as you can. ?How far do you
think Hoover and the US administration was to
blame?
4
Causes of the Crash

• Poor distribution of income between rich poor
• Overproduction by US industries
• Speculation on stock markets
• Lack of an export market for US goods
• Lack of support from banks for share prices

Plot the relative positions of the causes on a
scale similar to the one below
Least significant cause
Most significant
5
? Your task

• Study the top secret government sources in your
  boxes and find evidence of the impact of the
  subsequent Great Depression on the following
• Agriculture
• Industry
• Society
• ?Which source for you sums up the impact of the
  Great Depression most and why?

6
Hoover was voted out in 1932. But, do you think
he was to blame? Read p.104-105 of Modern
America by Joanne de Pennington and order the
different groups in society to see who was most
to blame. ?To what extent is it true to say the
nobody was to blame?
7
? Extension task
Dorothea Lange produced some of the most iconic
images of the Great Depression. Find out about
her life and her work charting the misery of the
Great Depression for ordinary families.
8
Why did Wall Street Crash?
? Key words stocks recession speculate
? Learning objectives

• TBAT explain 5 main causes of the WSC and assess
  the extent to which Hoover was to blame