UNIT 7: ROARING TWENTIES AND THE GREAT DEPRESSION DAY 1: HARDING, NATIVISM, CONSUMERISM DO NOW LOOKING FORWARD ELECTION OF 1920 People wanted a return to the security they felt before WWI Warren G. Harding A “return to normalcy” WHAT IS “NORMALCY”? Normalcy = an idealized version of the way things are, or the way things should be In groups of 2-3, act out a scene of “normalcy” Family Life Women’s Rights Education Transportation Now, in groups of 2-3, act out the same scene, but as “reality” 1920S STATIONS DAY 2 DO NOW What do you know about the Harlem Renaissance? Tweet your answer @ms_keale Write it down on a post-it note and post it on the white board LOOKING FORWARD Harlem Renaissance work over break (I’ll explain later!) “RED SCARE” Russian Revolution Monarch replaced by a “republican” (“Republican” = communist) Communism: political and economic philosophy in which the government owns all property and individual rights mean very little “Red Scare” Anarchists attempt to assassinated Attorney General Palmer Palmer Raids: suspected communists are arrested and jailed Sacco and Vanzetti: convicted and executed “RED SCARE” Nativism: opposition to immigration Immigration quotas (limitations) – designed to allow more immigrants from Western Europe than Eastern Europe Ku Klux Klan Redeveloped out of fear of communism and mistrust of immigration Expanded to attack Jews, Catholics and immigrants Lynchings, violence GREAT MIGRATION African-Americans moving North Goal: jobs, economic equality White response: Racism (KKK) White Flight (migration) Race Riots (YouTube) HARLEM RENAISSANCE 1919-1930s African American pride and awareness First time African American intellectuals wrote works portraying the daily lives of working class African Americans Langston Hughes, Zora Neal Hurston TWITTER PROJECT You have just been transplanted back in time to the Harlem Renaissance Your Twitter followers want to know what it is like Use the remainder of this class period to work on your project, it’s due on the Monday we return! REVIEW DAY DO NOW LOOKING FORWARD “FISHBOWL” Round 1: Taboo Describe the vocab term on your card using any words, sounds or hand motions EXCEPT the words on your card Round 2: Charades Describe the vocab term on your card using hand motions or body language. You may not make any sounds. Round 3: Password Describe the vocab term on your card using one word RECAP: THE 1920S Consumer society “Red Scare”: period of time when Americans feared a communist takeover Palmer Raids: suspected communists and “subversives” were arrested and jailed Sacco and Vanzetti Nativism: opposition to immigration Quotas: limitations on the number of immigrants that could enter the US annually from different parts of the world Ku Klux Klan Prohibition: a national ban on the sale and consumption of alcohol Bootleggers, mobsters, gangsters (Al Capone) AMAZING RACE With a partner, race to complete all of the stations You do not need to complete the stations in order You must get your answer checked after every station When you have finished the stations, work on your homework! STATION 1 STATION 2 STATION 3 STATION 4 STATION 5 STATION 6 STATION 7 DAY 3 DO NOW Put your homework on your desk (do NOT email it to me) Add something to THIS KWL chart that you know about the Great Depression (either from prior knowledge OR your reading last night) or want to know about the Great Depression KNOW WANT TO KNOW LEARNED LOOKING FORWARD Tonight’s Homework: Chapter 22.2 – Main Idea Questions 1920s & Great Depression QUIZ on FRIDAY PROSPEROUS 1920S President Calvin Coolidge: the government should not interfere with the growth of business (laissez-faire economics) Stock Market: Speculation: high-risk investments in the hopes of making money “Buying on margin”: purchasing stocks for a portion of what they cost (10%) Technology Mechanization = mass production Manufacturers flood the markets with products = cheap goods! FARMERS IN THE 1920S OVERPRODUCTION! Agricultural prices drop drastically President Coolidge refuses to help (says it is unconstitutional) PREDICT: What is going to happen to farmers in the 1930s? STOCK MARKET GAME Today we’re going to complete a simulation in which you’ll have the opportunity to make decisions that will cause you to succeed or fail at the Stock Market Every person should have: 4 $100s 1 $50 5 $10 Step 1: Read the Stock Prospectus Step 2: Begin to buy stocks from the Stock Brokers Consider: How will you make the most money? Consider: How will you lose the least amount of money? Suggestion: “Buy low, sell high!” START Each share is worth $10 To purchase a stock certificate, you need to purchase 10 shares ($100) Everyone must purchase something each round When the market is “closed”, you may purchase/trade with each other, but may not trade with the stock brokers 1920 Company Situation New Stock Price Per Share Kroger Purchases a West Coast food chain $12 Radio Corporation New model released with built-in antenna $13 Mammoth Oil 9 wells begin producing in Wyoming Field $14 Gotham Bank Bank declares a 6% dividend $11 Durant Motors Fails to make payment on notes to the Gotham Bank $7 Midland Utilities Midland extends services into Michigan and Wisconsin $13 Kansas Pacific K&P will pay no dividends this year because of expansion into the Southwest $9 Tel-Tone Dial telephones will be installed in parts of $15 New York City 1922 Company Situation New Stock Price Per Share Kroger Merger with large Eastern chain of stores $15 Radio Corporation 15 patents are purchased from the Edison’s company $14 Mammoth Oil Largest oil field in America may be located under Mamouth Oil Lease in Tea Pot Dome, Wyoming $19 Gotham Bank Stock price remains the same $11 Durant Motors Locomobile sales are depressed because of competition from Ford Motor Company $5 Midland Utilities Insull’s financial manipulation allows Midland to take control of Commonwealth Edison $19 Kansas Pacific Profits rise as agricultural shipments from the southwest begin $10 Tel-Tone New York Stock Exchange announces that Tel-Tone has shown the greatest increase of any stock listed on the exchange $22 CRISIS: PRESIDENT HARDING Company New Stock Price Per Share Kroger $13 Radio Corporation $13 Mammouth Oil $16 Gotham Bank $10 Durant Motors $4 Midland Utilities $19 Kansas Pacific $9 Tel-Tone $19 President Harding is suffering from a coronary seizure and may have pneumonia. He is reported to be dying. The Stock Market will be closed for 2 minutes for new postings 1925 Company Situation New Stock Price Per Share Kroger Corn blight on Kroger farms causes 90% loss of crop $12 Radio Corporation Speculation on new patent causes rise in stock prices $15 Mammoth Oil Japanese offer to buy the total production of Elk Hills $21 Gotham Bank French government announces that they will begin to pay their World War I war debts to U.S. banks $12 Durant Motors The DuPont family begins to buy large blocks of Durant Motors stock $7 Midland Utilities Insull fears Cyrus Eaton of Cleveland may be trying to take over Midland by purchasing large quantities of stock $22 Kansas Pacific Speculation on increased profits from holdings in Mexico causes stock price to rise $11 Tel-Tone $24 Announces completion of successful merger. Speculation on the Market continues 1927 Company Situation New Stock Price Per Share Kroger Speculation that Purity Markets are buying Kroger for an attempted take over $14 Radio Corporation Rumored merger with the Edison Company causes stock to rise $17 Mammoth Oil Congressional committee begins an investigation of the Mammoth Oil leases. Possible fraud. $13 Gotham Bank Bank stock remains unchanged $12 Durant Motors Louis Chevrolet is hired to design an inexpensive automobile $10 Midland Utilities Cyrus Eaton begins dumping large blocks of Midland stock on a depressed market $18 Kansas Pacific Drought in the Southwest and depressed farm prices cause profits of K&P to fall $10 Tel-Tone Drop of two points caused by J.P. Morgan selling 200,000 shares. Brokers see only temporary setback $22 1928 Company Situation New Stock Price Per Share Kroger Food prices are depressed because of agricultural surpluses $13 Radio Corporation Merger with the Edison Company falls through when Radio Corporation pays no dividends $14 Mammoth Oil Harry Sinclair is called before Congressional Committee. Secretary of the Interior Fall is indicted for fraudulent oil leases $7 Gotham Bank Announces profits have increased 5% over the last quarter $13 Durant Motors Durant Motors and Fisher Body have announced a merger. New corporation will be called General Motors $13 Midland Utilities Reports in the Chicago Tribune disclose Insull’s Company is a “House of Cards” ready to crumble $14 Kansas Pacific New oil fields in Oklahoma cause a new boom along along Kansas Pacific track $12 Tel-Tone Fails to rise as predicted. Brokers are unable to explain the downward trend $17 OCTOBER 23, 1929 The market slipped today as the government announced that home construction, an indicator of prosperity, was at an all -time low. The Federal Reserve Board also announced that a change in the prime interest rate would take place in the near future; speculation on the stock market is getting out of hand. It is rumored that the House of Morgan intends to sell 12 million shares of common stock at a loss, before interest rates change. The Gotham Bank announced that margin buyers of stock are being notified that they must put up more money to cover today’s losses. The Stock Market will be closed for 5 minutes. OCTOBER 24, 1929 (BLACK THURSDAY) Stock brokers must buy back all of the stocks Company New Stock Price Per Share Kroger $8 Radio Corporation $4 Mammouth Oil $2 Gotham Bank $12 Durant Motors $12 Midland Utilities $3 Kansas Pacific $8 Tel-Tone $6 REFLECTION Did you have a system for what would make you money, or lose you money? Did you start with the same amount of money with which you ended the game? Did anyone sell out before the crash? THE BEGINNINGS OF THE GREAT DEPRESSION President Herbert Hoover: opposes government interference in business October 29, 1929 (Black Tuesday): Stock Market crash Prices drop drastically Buying on speculation or the margin = lose everything Financial ruin Beginning of the Great Depression EXIT TICKET Write one paragraph Could the Great Depression have been avoided? Why or why not? DAY 4 DO NOW Rich or poor, most Americans have possessions and take for granted the hundreds of big and little conveniences that having a home gives them Imagine NOT having a home and having a limit in your possessions. You can only own what you can carry with you. What five things would you take with you if you had to migrate on a daily basis? Why? LOOKING FORWARD 1920s and Great Depression Quiz on FRIDAY StudyBlue terms are now up! (Paper copies available) Tonight’s Homework: Chapter 22.3 – Main Idea Questions ROOT CAUSES OF THE GREAT DEPRESSION 1. Stock Market Crash of 1929 Two months after the crash, stockholders had lost $40 billion 2. Bank Failures Over 9,000 banks failed (people lose all their savings) Banks refuse to issue new loans 3. Reduction in Purchasing Across the Board Consumerist society ends Unemployment rises to above 25% 4. American Economic Policy with Europe Smoot-Hawley Tariff: high tax for imports 5. Drought Conditions “The Dust Bowl” LIVING CONDITIONS DURING THE GREAT DEPRESSION Homelessness Soup kitchens and breadlines “Hoovervilles” THE DUSTBOWL Step 1: Watch “America the Story of Us: Bust” from 20:0026:00 Step 2: Complete the questions OR take notes on the video independently OVERALL QUESTION: What caused the Dust Bowl? What did the Dust Bowl cause? POLITICAL CARTOON ANALYSIS Open “7.GreatDepression.PoliticalCartoons” in the Unit 7 folder on Edmodo (use Safari NOT the App) With a partner (or independently), complete the worksheet Check your answers with a classmate before emailing me your completed document DAY 5 DO NOW LOOKING FORWARD LIVING CONDITIONS DURING THE GREAT DEPRESSION Unemployment rate: 25% Bonus Army march: wanted early payment of a promised bonus Dust Bowl drought High homelessness (“Okies” and “bums”): migration to California Effect on communities: Undernourishment Teachers work for free Low birthrate Single parent families DIFFERING RESPONSES Herbert Hoover “Rugged individualism” Laissez-faire economics Franklin Delano Roosevelt “New Deal” : series of direct relief and recovery measures Deficit spending: government spending of borrowed money Fireside chats: effectively used radio to his advantage VERY controversial SELF-DIRECTED LEARNING Today’s Checklist: Read Chapter 7.3 of the red EOC book on the New Deal and answer the guiding questions in your notes Complete the Study Island assignment “April 11, 2013” until you have 70% accuracy! Use StudyBlue or your notes to study for tomorrow’s quiz