Name: __________________________ Period: _____
Reading Guide: Chapter 26 – Timeline and Section 1
Background
The Business Cycle
Consumer buys
goods/services
Business provides
goods/services
Needs &
wants
The Economic Cycle
Business
Cycle
Consumers have
money to spend
from wages
Wealth for
companies and
employees
Page 744
The title of this chapter is ____________________________
It covers the years ______ -- ______
Timeline
American Event 1929 = ______________________________________________________________
World Event 1929 = ________________________________________________________________
American Event 1933 = _____________________________________________________________
Word Event 1933 = _________________________________________________________________
Map (Page 745) List all five states that were part of the Dust Bowl:
1. ___________________________
4. ___________________________
2. ___________________________
5. ___________________________
3. ___________________________
Section 1: The Great Crash
Copy the Main Idea Statement (page 746 by the American flag) – ______________________________
____________________________________________________________________________________
____________________________________________________________________________________
Signs of Economic Trouble (746)
Which three groups of workers did not share in the prosperity of the 1920s?
1. _____________________ 2. _____________________ 3. _____________________
The Crash (747)
What caused stock prices to fall in late 1929? _______________________________________________
What happened on Black Tuesday? _______________________________________________________
What was the date of Black Tuesday? _____________________________________________________
The Great Depression Begins
Causes of the Great Depression (747-748)
According to the passage on 747 and 748, the two major causes of the Great Depression were:
1.
_______________________________________________________________________________
2.
_______________________________________________________________________________
Fascinating Fact: More than ___________ banks closed between 1929 and 1932. (748)
The Downward Spiral (748)
The stock market crash ruined many _______ ____________. Without money or ________________
from investors business could no longer expand. Businesses could not turn to ____________ for capital
because they were also in trouble.

As factories cut back on production, they ____________________________________________

Unemployed workers, in turn, had little money to spend so demand for goods ______________

In the end, many businesses went ______________________

As bankrupt businesses closed, even more people _____________________________________
Unemployment 1929-1941 Graph (748)
The year with the worst unemployment was ________ with _______ percent of workers unemployed.
Hard Times (749)
What made the Great Depression worse that earlier economic depressions? ______________________
____________________________________________________________________________________
____________________________________________________________________________________
Rising Unemployment (749)
By the early 1930s, _____ in every ______ workers was jobless. Millions more worked _____________
hours or took ______ _________. Many of the jobless lost their _____________.
What did people in the cities do to survive?
 _____________________________________________
 _____________________________________________
 _____________________________________________
The Human Cost (749)
How did the Great Depression affect families? ______________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
____________________________________________________________________________________
Who did Americans blame for their suffering? (circle one)
THE GOVERNMENT
THEMSELVES