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Warm-up 12/4/18

Warm-up 12/4/18. 1) Review Harlem Renaissance Notes A) How did WEB DuBois and Marcus Garvey contribute to the civil rights movement during the 1920s? B) What were the benefits of living in the black communities in the North? 2) Read Langston Hughes Poem and answer questions.

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Warm-up 12/4/18

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  1. Warm-up 12/4/18 1) Review Harlem Renaissance Notes A) How did WEB DuBois and Marcus Garvey contribute to the civil rights movement during the 1920s? B) What were the benefits of living in the black communities in the North? 2) Read Langston Hughes Poem and answer questions.

  2. 14.1 Reading quiz 12/5 18 Answer three of the following. 1) Which industries were facing troubles in the 1920s? 2) What does it mean to buy a stock on Margin? 3) What was Black Tuesday? 4) Why did Congress pass the Hawley-Smoot Tariff? 5) What caused the Bank Failures?

  3. Causes of the Great Depression

  4. I. Farmers were overproducing. • Caused prices to go down.

  5. II. Consumers Spend less money Why? • Prices were rising. • Wages were stagnant (stayed the same) • People bought too many things on credit and were piling up large debts

  6. III. Uneven Distribution of Wealth • Wealth was being accumulated among the richest Americans. • The middle class saw declining purchasing power.

  7. Reading Quiz EC Define the following. • Double Standard • Flapper • Bessie Smith

  8. IV. Problems With the Stock Market • More people were buying stocks • People were engaging in speculation -buying a stock in hopes that the price of it will go up quickly while ignoring risks! C. Many began buying on Margin -When you pay a small percentage of a stock’s price and make payments on the rest

  9. D. The stock Market crashes 1. In early September 1929, stock prices peaked and then fell 2. People lost their confidence in the stock market and started to sell their stocks 3.Black Tuesday, On October 29th the bottom fell out of the stock market 4. People who bought stocks on margin were left with huge debts

  10. V. Bank and Business Failures • After the crash, many people panicked and withdrew their money from the banks. -Many people couldn’t get their money because the banks had invested it in the stock market.

  11. VI. Hawley-Smoot Tariff • Established the highest protective tariff in US history. -Meant to protect US businesses but it backfired.

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