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I nflation Simulation

I nflation Simulation. Prices. Rent 2 Skittles Food 1 Skittle Utililties 1 Skittle Incidentals 2 Skittles. New Prices. Rent 4 0 Skittles Food 30 Skittles Utilities 30 Skittles Incidentals 20 Skittles. Newest Prices.

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I nflation Simulation

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  1. Inflation Simulation

  2. Prices • Rent 2 Skittles • Food 1 Skittle • Utililties 1 Skittle • Incidentals 2 Skittles

  3. New Prices • Rent 40 Skittles • Food 30 Skittles • Utilities 30 Skittles • Incidentals 20 Skittles

  4. Newest Prices • Rent 4000 Skittles • Food 4000 Skittles • Utilities 4000 Skittles • Incidentals 3000 Skittles

  5. What is Inflation? • The word `inflation' describes a situation in which prices are rising and the value of money is falling.

  6. Hyperinflation in Weimar Germany

  7. Invasion • Late in 1922 Germany failed to pay an instalment of reparations on time. • French troops occupied Germany's main industrial region, the Ruhr. • They wanted to keep Germany weak. • A weak Germany meant that France was safe from the threat of attack.

  8. German Response • Workers go on strike because they know it will just benefit the French • All the workers on strike had to be given financial support. • The government paid its way by printing more and more banknotes. • Germany was soon awash with paper money. • The result was hyperinflation.

  9. Rich Kids?

  10. Play Time

  11. Fuel

  12. Street Sweeping

  13. Group Scenario Questions • Work on the following questions in your group. • You only need one piece of paper in the group.

  14. THE GREAT DEPRESSION

  15. LONG-TERM CAUSES • Huge debts resulting from the costs of World War I • Widespread use of credit • Overproduction of goods while demand was falling • Rising wages for industrial workers while farm earnings were falling

  16. IMMEDIATE CAUSES • New York stock market crash ruins investors • Banks demand repayment of loans • Without capital, businesses and factories fail

  17. IMMEDIATE EFFECTS • Vast unemployment and misery • Loss of faith in democracy and capitalism • Authoritarian leaders gain support

  18. LONG-TERM EFFECTS • Nazis take control of Germany • Fascist leaders gain support in Eastern Europe • Governments experiment with social programs • People blame scapegoats for economic woes • World War II begins

  19. Great Depression in the US Video

  20. Great Depression Reading

  21. Great Depression Questions • Add your group’s answers to the following questions to the back of your Scenario. • How did the Great Depression affect his childhood? • How did it affect his community? • What did they do for entertainment? • How did his life change when the Depression ended? • How does the depression continue to shape his life?

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