boll weevil and drought in georgia
TRANSCRIPT
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SS8H8a Describe the impact of the boll weevil
and drought on Georgia.
Concepts:Location
Production – Distribution - Consumption
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•Lack of rainfall over extended period of time
DROUGHT
EFFECT
1924-1927 DROUGHT IN GEORGIA
• Food shortage• Farmers went into
debt• Sharecroppers
move to urban areas
• Agricultural related businesses struggle
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Economic Factors of the Great Depression
SS8H8: b. describe the economic factors that resulted in the Great
Depression
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THE ROARING 20s – AMERICANS BECOME RICHThe 1920s were an age of dramatic social and political change. For the first time, more Americans lived in cities than on farms. The nation’s total wealth more than doubled between 1920 and 1929, and this economic growth swept many Americans into an affluent but unfamiliar “consumer society.” People from coast to coast bought the same goods (thanks to nationwide advertising and the spread of chain stores), listened to the same music, did the same dances and even used the same slang!
WWW.HISTORYCHANNEL.COM
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Analyzing Photographs
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Causes of the Great Depression Brainpop.com
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THE GREAT DEPRESSION
THE 1930s
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Stock Market Speculation People bought stocks and paid only
part of the cost at the time of purchase. Even though it wasn’t paid for, the investor
could sell it. If stock went up, all could be paid. This made prices higher than
what they were really worth.
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Over-Borrowing Borrowing more money that they could
afford to repay. Hurts banks, so banks can’t loan money to
businesses Businesses don’t get paid, people get laid
off work
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Personal Debt Owing more that you can ever pay off
(homes, cars, boats, etc.)
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Bank Practices Banks bought stock, when the market
crashed…banks lost money. Runs on the bank, people withdraw all the
money…the bank closes.
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Laissez-faire Attitude of living life to the fullest without
worry about the future. Believing the economy would take care of
itself; that the government couldn’t do anything to help.
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OVERPRODUCTION OF INDUSTRIAL AND AGRICULTURAL PRODUCTS
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Industrial Overproduction Factories and farmers produced more good
than they could sell. Had to stop production, so people loose
jobs. Farmers drove prices so low they couldn’t
pay debts…then drought hit.
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High Tariffs Tax on imports. Made it hard for other countries to sell goods in
the U.S. and get money to repay wartime loans or buy U.S. products.
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Depressed Agricultural Production Drought (Dust Bowl) Boll Weevil (in the South) Less product=less money to pay debts
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