DO-NOW: What is a depression? How would you describe the current status of the US economy?
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Transcript of DO-NOW: What is a depression? How would you describe the current status of the US economy?
![Page 1: DO-NOW: What is a depression? How would you describe the current status of the US economy?](https://reader036.fdocuments.net/reader036/viewer/2022070401/56649f1e5503460f94c358ec/html5/thumbnails/1.jpg)
DO-NOW: What is a depression?
How would you describe the current status of the US economy?
![Page 2: DO-NOW: What is a depression? How would you describe the current status of the US economy?](https://reader036.fdocuments.net/reader036/viewer/2022070401/56649f1e5503460f94c358ec/html5/thumbnails/2.jpg)
Depression: a period of sharp decline in the economy
Inflation: an increase in prices & a decline in the purchasing power of money
Capital: money used for investment
Self-Sufficient: able to provide for oneself without help from others
Stock Market Crash of 1929: stock prices fell dramatically
Debt: Money owed
![Page 3: DO-NOW: What is a depression? How would you describe the current status of the US economy?](https://reader036.fdocuments.net/reader036/viewer/2022070401/56649f1e5503460f94c358ec/html5/thumbnails/3.jpg)
Everyone will complete the following task:Read Documents #1 – 4Underline/Highlight any important informationAnswer the questions that go with each
document
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Causes Effects
Huge Debt from World War I Unemployment
European dependence on US $ Loss of Faith in Capitalism/Democracy
Overproduction of goods and lack of demand
Authoritarian leaders gain support
Stock Market Crash of 1929 Rise of Fascism/Rise of Hitler/Rise of Mussolini
America can no longer loan money to European nations
World War II begins
Businesses and factories fail, because banks recall loans
![Page 5: DO-NOW: What is a depression? How would you describe the current status of the US economy?](https://reader036.fdocuments.net/reader036/viewer/2022070401/56649f1e5503460f94c358ec/html5/thumbnails/5.jpg)
Using the information provided, craft a short Newspaper article that you would see in Europe during the 1920’s or 1930’s.