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Aim & Do Now: 02/10

Aim & Do Now: 02/10. Aim: How did the Great Depression impact European Nations? Do Now: Define the term Depression. What does it mean to you?. Homework: due today!. World War I/Russian Revolution packet, due today Animal Farm Activity, due Friday Feb. 14 Quiz, Friday Feb. 14 th. Vocabulary.

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Aim & Do Now: 02/10

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  1. Aim & Do Now: 02/10 Aim: How did the Great Depression impact European Nations? Do Now: Define the term Depression. What does it mean to you?

  2. Homework: due today! World War I/Russian Revolution packet, due today Animal Farm Activity, due Friday Feb. 14 Quiz, Friday Feb. 14th

  3. Vocabulary Economics - the branch of knowledge concerned with the production, consumption, and transfer of wealth. Recession- a period of temporary economic decline during which trade and industrial activity are reduced. Depression- is a sustained, long-term downturn in economic activity in one or more economies

  4. The Great Depression Rapid Inflation in Germany occurred in the early 1920's as a result of Germany printing money to pay their war debts. Dawes Plan – U.S. Loans money to Germany to help them Stock Market Crash of 1929 – U.S. Markets crash and all the money invested in Europe ends up drying up. Most of the world drops into a depression

  5. Discussion Questions Why did the Great Depression result in high unemployment rates? Explain supply creates demand using a real life example. Explain demand creates supply using a real life example Which of these do you think makes more sense? (Explain in 3-4 sentences) List 3 solutions that governments can use to solve an economic depression.

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