The Great Depression Chicago History Bell Ringer Student

The Great Depression Chicago History

Bell Ringer Student Survey ► On § § § a sheet of paper: Name Email Interest in History How I Learn Best Hobbies and Interests Plans after High School

Current Events Blog ► Due every Monday night, 11: 59 PM. ► Follow directions on the blog. ► The link is § http: //mrverdaguer. wordpress. com ► Please include your name in the blog post to receive credit. ► No late work accepted. ► Assignment is worth 15 points every week.

The Stock Market Crash October 28 -29, 1929 ►A major cause of the Great Depression. ► It did not happen overnight. ► Speculation ►Can be characterized as taking risk in either “boom and bust”. ►How can speculation cause a crash?

The Other Causes ► Bank failures ► Reduction of purchasing power ► Economic policy with Europe § Smoot-Hawley Tariff Act ► Drought conditions

Chicago and the Great Depression Effect on African Americans § By 1932, 40 -50% were unemployed. ► Effect on school teachers § By Feb 1933, they were owed 8 ½ months back pay. § What happened? ► Homelessness § People were forced to band together to prevent evictions. § Growth of Shanty Towns § By 1931, 1500 people slept on the lower level of the Michigan Avenue Bridge. ► The building industry collapsed § People lost their jobs and construction slowed down dramatically in Chicago. ►

In Class Activity ► Read the letter written by a young boy to President Roosevelt. ► Answer these questions in the same sheet as your Bell Ringer. § Why does the boy ask the president for help? § Do you think this letter could have easily been written today because of the recession? Why or why not?