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This chapter delves into the Stock Market Crash of 1929 and its profound social effects during the Great Depression. It narrates the spread of the Great Crash to all Americans through unemployment, bank failures, the collapse of businesses, loss of savings, and poverty. Analyzing the business cycle, the Great Depression represented a trough. It examines the unstable economy of the 1920s and three key underlying causes: over-speculation, excessive debt, and agricultural decline. The chapter also highlights the struggles faced by families and marginalized groups, exemplified through individual stories such as that of Wilson Ledford.
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Chapter 22 Section 1 and 2 The Stock Market Crash and Social Effects of the Depression
List and briefly describe 5 ways the Great Crash spread to all Americans.
Which part of the business cycle did the Great Depression represent? • A trough
How did the unstable economy in the 1920s contribute to the Great Depression?
List and briefly describe the 3 underlying causes of the Depression.
What factors led to the creation of the Dust Bowl in the 1930s?
What were some causes and effects of increased discrimination during the Great Depression?
What can you learn about the Depression from Wilson Ledford’s experiences?