Lesson 30 – Causes of the Great Depression
Vocabulary:
Black Tuesday:
stock market crash:
buying on margin:
Overproduction:
Under consumption:
Hawley-Smoot Tariff Act:
Sections 1 and 2
How was the Yee Haw! game like history? Create the table
on the right on a full page of your notebook.
Then read Sections 1 and 2 and record at least three
parallels between the game and history. Use these Key
Content Terms in your response: Black Tuesday, stock
market crash, buying on margin. The first comparison is
completed for you.
Procedure
1. Each pair begins the game with 5 points.
2. Before each round of the game, you and your partner
will decide among the following three options. The option
you choose will determine how many points you earn in
that round.
Hold Tight: Keep what you have.
Play It Safe: Potential for modest gains.
Go for the Gold!: Potential for amazing gains.
3. For each round, check the box on your scoring sheet to
indicate which option you are choosing. This must be done
before the die is rolled and cannot be changed.
4. After the die is rolled, determine how many points you
earned in that round. If you “Go for the Gold!,” points
earned are determined by the number rolled. The higher
the roll, the greater the number of points.
5. After each round, compute and enter your point total in
the “Running Total” column.
Section 3
Overproduction and under consumption were key causes of the Great Depression. Copy the table below into your
notebook, and complete it as you read Section 3.
Section 4
Name and describe two actions the federal government took that made the Great Depression worse.
Section 5
Copy the diagram below into your notebook. Write a definition of speculative bubble. Then list at least
four examples of speculative bubbles from the past and at least one way a speculative bubble might
affect your life today.