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Stock Market Crash of 1929: Causes and Blame Game

Explore the causes of the Wall Street Crash and assess Hoover's role. Analyze the impact of the Great Depression on agriculture, industry, and society. Was Hoover truly to blame? Delve into Dorothea Lange's iconic images of the era.

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Stock Market Crash of 1929: Causes and Blame Game

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  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. Key words: stocks recession speculate tariff Why did Wall Street Crash?  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 Plot the relative positions of the causes on a scale similar to the one below Least significant cause Most significant • 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

  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. 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.  Extension task

  8. Key words: stocks recession speculate Why did Wall Street Crash?  Learning objectives TBAT explain 5 main causes of the WSC and assess the extent to which Hoover was to blame

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