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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
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
Homework: due today!

World War I/Russian Revolution packet, due today

Animal Farm Activity, due Friday Feb. 14

Quiz, Friday Feb. 14th

vocabulary
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

the great depression
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

discussion questions
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.