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Interwar Years

Interwar Years

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Interwar Years

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  1. Interwar Years Social Studies 11 Ms. Thind

  2. Roaring 20s and Consumerism • Consumerism: social and economic system causing desire to purchase material goods in great amounts. • Economic boom   wages  spending • Rise of credit

  3. Roaring 20s and Consumerism • Rise in advertising • New technology: telephone, automobiles, toaster, washing machines • New inventions: radio, Band-Aids, hair dryer

  4. What were the causes, effects, and responses to the Great Depression?

  5. The Great Depression • Black Tuesday – October 29, 1929. • Severe economic depression caused by: -  consumer demand - financial panic - misguided government policies

  6. The Stock Market Crash • October 29, 1929 Black Tuesday • Panic selling as many had bought on margin

  7. Causes of the Great Depression • Overproduction and expansion • Dependence on primary products • Dependence on the US • High Tariffs – Protectionism • Psychological Uncertainty

  8. Effects of the Great Depression • Demand for raw materials decreases. • Companies cut back on production  layoffs. • GDP drops 40% • Unemployment reaches 30%

  9. To Make Matters Worse