Beowulf
The Great Depression
1. Read Time magazine article “A Brief History of The Crash of 1929.” Create a timeline of events leading up to the crash on Black Tuesday, starting with September 3, 1929.
September 3, 1929- The stock market peaked
October 23, 1929- Stock prices plummet in last hour of trading
October 24, 1929- When market opened, prices of stock plunged significantly
October 28, 1929- Stock prices plummet even more than the last Thursday.
October 29, 1929- In the first half hour, 3 million shares changed hands and another 2 million dollars were lost.
2. Upon completion of the reading and looking at the photos of “The Crash of ‘29”, what conclusions can you draw about America at the time? Back up your responses with direct citations or inferences from the reading and photos.
3.
America was in a situation they had never been in. In the 7th picture, the man is selling his car for $100 and has a sign that says he lost all his money on the stock market. America was in a panic and left people with no money in search of new jobs. Also, it said in the article that the stockbrokers knew they were losing money, but not at the rate it was. 16.4 million shares changed hands and the Dow had dropped another 12%.
3. Define “rugged individualism” and explain how this belief influenced Hoover’s response to the stock market crash and ensuing economic depression. Rugged individualism is the idea that an individual should take care of his own affairs and have little government help as possible. With this idea in mind, Hoover did very little to help the citizens recover from the crash.
4. What was the Dust Bowl (aka “Black Blizzard)? Where was it located? What caused it?
The dustbowl was America’s worst ecological disaster. It was a period of constant dust storms that occurred from over-plowing of land by farmers. It was located in states such as Oklahoma, Kansas, and Denver.
5. Who were Okies? Where did they go?
The Okies were
1. Read Time magazine article “A Brief History of The Crash of 1929.” Create a timeline of events leading up to the crash on Black Tuesday, starting with September 3, 1929.
September 3, 1929- The stock market peaked
October 23, 1929- Stock prices plummet in last hour of trading
October 24, 1929- When market opened, prices of stock plunged significantly
October 28, 1929- Stock prices plummet even more than the last Thursday.
October 29, 1929- In the first half hour, 3 million shares changed hands and another 2 million dollars were lost.
2. Upon completion of the reading and looking at the photos of “The Crash of ‘29”, what conclusions can you draw about America at the time? Back up your responses with direct citations or inferences from the reading and photos.
3.
America was in a situation they had never been in. In the 7th picture, the man is selling his car for $100 and has a sign that says he lost all his money on the stock market. America was in a panic and left people with no money in search of new jobs. Also, it said in the article that the stockbrokers knew they were losing money, but not at the rate it was. 16.4 million shares changed hands and the Dow had dropped another 12%.
3. Define “rugged individualism” and explain how this belief influenced Hoover’s response to the stock market crash and ensuing economic depression. Rugged individualism is the idea that an individual should take care of his own affairs and have little government help as possible. With this idea in mind, Hoover did very little to help the citizens recover from the crash.
4. What was the Dust Bowl (aka “Black Blizzard)? Where was it located? What caused it?
The dustbowl was America’s worst ecological disaster. It was a period of constant dust storms that occurred from over-plowing of land by farmers. It was located in states such as Oklahoma, Kansas, and Denver.
5. Who were Okies? Where did they go?
The Okies were