page 2 Program Summary Teacher's Notes The Great Depression Part 1 Post-War Boom and Bust Global events leading to the economic depression of the 1930s Grades: 10-12 Duration: 30 mins This video is suitable for students studying 20th century history, economics, government, civics, and law. Business courses may also benefit from the discussion of investment and the stock market. Any teacher focusing on the causes, effects, and conditions of the Great Depression will benefit from this video. The depression era images will elicit an empathetic response from students which will, in turn, lead to a better understanding of the time period. This video is suitable for students in grades 10-12. The conclusion of World War I created a new world of optimism in the 1920s. It was the beginning of consumerism, a time of buying products on credit, buying stock ‘on margin’, mass production, and overproduction. The stock market crashed in October of 1929 and the domino effect led to the foreclosure of homes, farms and businesses. The majority of banks closed and approximately 25% of the population would be out of work. Most countries of the world were affected and faced difficult times throughout the 1930s. This video examines the efforts of various countries, including the USA, Canada, Australia, and several in Europe, to make the transition from war economies to more normal market conditions. It covers the postwar boom in manufacturing and wheat production in the USA and Canada; the prosperous “Roaring Twenties”; the effects of severe drought conditions in North America; and the economic, agricultural, and societal conditions that led to the ‘Crash of ‘29’. The program uses archival film and photographs to clearly depict the struggle of ordinary people to survive. It concludes with the election of Franklin Delano Roosevelt in the U.S. and his goal of returning confidence to the American people. (The next video, Part Two, explores FDR’s New Deal, the ‘On-to-Ottawa’ trek, and the beginning of WWII.) page 3 Chapters Minute Counter Introduction 00:00 The Effects of War 00:05 Europe in the 20s 07:02 Post-War Australia 11:03 America: The Roaring 20s 12:29 Dark Days of October 17:10 Hitting the Road 21:47 Global Dominoes 25:53 America: Changing of the Guard 28:17 Credits 29:45 End 30:23 Section 1 (Vocabulary) Define and give the significance of the following terms and people. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. Treaty of Versailles Infrastructure Mass Production Overproduction Credit Stock Market Shares ‘Buying on margin’ Depression Inflation General Strike Reparations Dawes Plan Bankruptcy ‘Roaring Twenties’ Prohibition Bootlegging ‘Laissez-faire’ Protectionism Tariffs Black Tuesday Dust Bowl R.B. Bennett Herbert Hoover Franklin Delano Roosevelt page 5 page 4 page 6 Section 2 (Paragraph Answers) 4. Have students answer the following questions in a structured paragraph using at least four points from the video and other sources. 1. Describe the economic conditions that many countries faced following the war. 2. Explain the economic hardships that affected Germany in the 1920s. 3. Explain why the United States was ‘roaring’ in the 1920s. 4. Summarize the reasons for the stock market crash of 1929. 5. Describe the conditions faced by American and Canadian farmers during the 1930s. 5. 6. 7. 8. 9. 10. 11. 12. Section 3 (Mind Mapping) In groups of four, have students map out the causes and effects of the Great Depression. Three sections to focus their information could be social, economic and political conditions. For more information on mind maps refer to the following resource: “Beyond Monet” by Barrie Bennett and Carol Rolheiser. Section 4 (Video Worksheet) Have students answer the questions in note form after they watch the video. 1. Why were returning soldiers unable to find work back home? 2. List three new products that were being mass-produced after World War I. 3. Why were Canadian farmers doing well in the twenties? 13. 14. 15. In chart form describe what the conditions were like in Britain, France and Germany following the end of the war. What plan did the Australian government launch to create jobs for soldiers? List some crazes of the ‘Roaring Twenties’ in the United States. What percentage of the cost did you have to pay when buying stocks ‘on margin’? Why was the economic policy of ‘laissez faire’ problematic in the United States? What did countries do to protect their home markets as the economies began to slow? What occurred on October 29, 1929? Why did banks get hit very hard by the events of October 29? What were the unemployment rates in the US and Canada during the worst years? What was a ‘Bennett Buggy’? What did many North Americans do when they lost their jobs? Why did many American people dislike Herbert Hoover? Section 5 (Research) Create a list of products that became available to all economic classes during the 1920s. In pairs, have the students research the impact these products had on the decade. If applicable, also discuss how the inventions continue to affect our lives today and what it would be like without them. Some examples of products are: automobiles, radio, dishwasher, vacuums, refrigerator, electric stove, hair dryer. Section 6 (Journal Writing) Have students create journal entries based on the first person accounts of individuals during the depression. Examples: Farmers dealing with drought and lower prices for wheat. Politicians’ reaction to unemployment. (Hoover, Bennett, FDR) Wife/mother faced with a laid-off husband and children to feed. Wall Street broker facing personal bankruptcy as the stock market crashes. Written, Produced, and Directed by BERNARD MOTUT Editing/Computer Graphics OLIVER SCHNEIDER Executive Producer JOHN DAVIS Special Thanks to: City of Vancouver Archives National Archives of Canada US National Archives & Records Administration Franklin D. Roosevelt Library National Archives of Australia Saskatchewan Archives Board Corinna Klupiec Teacher’s Notes SCOTT BANCROFT Section 7 (Illustrated Timeline) Give students an unordered list of events from the end of World War I to the early 1930s. Approximately 16 events will suffice. Have the students write summaries both defining and giving the significance of these events to the time period. Students will place events in chronological order and draw (or photocopy) a picture to represent each event. Have them display the timeline in a creative manner. Events can be at the teacher’s discretion or selected from the list below. The Great Depression Timeline – 1919 to 1933 1919 1920 1921 June 28 December 9 1922 1923 August 3 1924 1926 May 3 1929 March 4 October 22 October 24 October 29 1930 August 7 1931 September 8 1932 October 14 1933 January 30 March 4 Peace Treaty of Versailles signed in France Germany pays Allies territories, coal, and iron as partial reparations Final total of German reparations established: 400% of national income William Lyon Mackenzie King elected Prime Minister of Canada Hyperinflation in Germany begins Calvin Coolidge becomes President in USA New York Stock Exchange begins dramatic rise In Canada, Old Age Pension instituted by federal government General Strike in Britain begins; lasts for 9 days Herbert Hoover becomes President in USA James Henry Scullin becomes Prime Minister of Australia “Black Thursday”; Wall St. investors panic and 13 million shares traded “Black Tuesday”; the Wall St. ‘Crash’; 16 million shares traded First bank panic in the US; leads to bankruptcies, bank failures Richard B. Bennett becomes Prime Minister of Canada 1/3 of Australian work force out of work Japan invades Manchuria In the US, the worst year of the Depression; 13 million unemployed Relief camps established throughout Canada by federal government Great Hunger March to London by British unemployed Adolph Hitler becomes German Chancellor Franklin Delano Roosevelt becomes US President; launches New Deal page 7 Section 8 (Debates) The Great Depression is an excellent event to debate political and economic decisions. Some examples of debating ideas are: 1. Political leaders (Bennett/Hoover) could do nothing to fix the economy. 2. Laissez-faire capitalism is to blame for the depression. Section 9 (Website Reference) http://memory.loc.gov (USA) http://www.historychannel.com/classroom/classroom.html (USA/Canada) http://library.trinity.wa.edu.au/subjects/sose/history/depression.htm (Australia) http://www.bbc.co.uk/history (Britain) http://www.yesnet.yk.ca/schools/projects/canadianhistory/depression/depression.html (Canada) http://history1900s.about.com/cs/greatdepression (USA) http://www.pbs.org (USA/Canada) http://www.education-world.com (General) Recommended Video: “The Global Economy” An appropriate companion video to the “Great Depression” programs, “Global Economy” is a contemporary look at issues surrounding the interdependence of countries in the international marketplace. Many of the issues raised in the “Depression” videos are analyzed and explained: challenges of global trade, free trade and protection, trading blocks, international economic organizations. Available from Classroom Video. 20 min. Grades 9-12 Copyright CLASSROOM VIDEO (2003) and Orders: Classroom Video 107 1500 HartleyAvenue Coquitlam, BC V3K 7A1 Ph: (604) 523 6677 Fax: (604) 523 6688 email:[email protected] Australia Ph: (02) 9913 8700 Fax: (02) 9913 8077 UK: Ph: 01454 776670 Fax: 01454 776689 USA: Ph: 1 800 665 4121 Fax: 1 800 665 2909 page 8
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