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Grade 9 Topic: The Great Depression
Grade 9 Topic: The Great Depression
Grade 9 Topic: The Great Depression
-The market had grown too fast and stocks were overvalued. The stocks were worth much
more than the real value of the companies they represented.
-The economy had slowed down considerably and the stock market didn't reflect it. Despite
many signs that the economy was struggling, the market continued to rise.
Learning goal: Develop an awareness of the consequences of the Wall Street Crash.
Success Criteria: Identify and interpret the message of sources with regards to the Wall Street
Crash.
Activity: Before we interpret the sources, you will need to gather information on the
consequences of the Wall Street Crash. You will need to watch the attached video and read the
attached web page. Then decide in the table below what are your top 5 consequences of the
Crash.
My top 5 most important consequences of the Wall Street Crash
the collapse of the banks: in this times there were a lot of banks that were closed because
the people started withdrawing their money because they had the fear of losing it and this
produced that 2294 closed for 1931 and this closures made that a lot of people lose their
savings.
gnp collapse: This is one of the worst consequences because in that time the gnp was very
important in this dropped in almost 50 %
unemployment: Between these years there was a lot of unemployment because the big
corporations didn't have enough money for paying a lot of workers. This made 14 million
people that didn´t have work so there were 14 million people in depression and if they do not
have money they could not buy the everyday things
homeless ness the repossession of homes increased so homlessnes people increased also
Answer: In this image I could see how it says stock market rides, this represents a roller coaster,
which starts at a higher point and it goes down to the lowest place and then this goes up and
down and this symbolizes how the stock market went up and down. then we can also see how
this roller coaster has an end were the people that are taking the ride fall down so this
symbolize how there was the end of the point taking all the people that were in stock market to
the ruin
Critical thinking activity: According to the end of the attached video, “The Wall
Street Crash of 1929 is widely regarded as the beginning of the Great Depression”,
using evidence from this week’s lessons only, explains why this statement would
be correct. (150 words)
Answer:
This statement is correct because with everything that I had learned, I could realize how these events
started a lot of bad consequences like unemployment, homelessness, bank collapse and also big
business collapse. Everything here is negative and I think that all together were the things that produced
the great depression is the collapse of the stock market.