Chapter 15-1
Board
Tracking a business cycle
Describe what happens during a period of expansion?
High employment
business activity
increased personal income
Describe what happens during a period of contraction?
Unemployment rises
Dwindling business activity
15-2
Board
Black Tuesday October 29, 1929
Affected;
Investors, Office Executives (white collar) and
laborers (blue collar).
Anyone who had a savings account in a bank,
most likely lost all or part of it due to banks
closing.
FACT!! those that took the harest hit were already at
the bottom of the socio-economic ladder.
most were;
unable to pay the rent
many moved in with relatives
or..lived on the streets
or..rode trains from city to
city.
15-3
Board
Groups pulled together to get through the depression
** protested rent increases and evictions
** neighbors helped neighbors (see page 520)
Presidential election of 1932
FDR = 32nd AMerican President
Hobo Symbols page 520
Penny Auctions
** unique way for farmers to stay united
Monoploy
** 1935 board game played by over 500,000,00
** stress reliver
** fantasy - allowed individuals and families
in despare brief moments of
power by handling large amounts
of $$ and property.
