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Lesson 1 - 1920s and Great Depression
Lisa Valentine
Created on October 21, 2024
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Transcript
Unit 4: 1920s and Great Depression
Lesson 1: Unit Intro/Economic Boom/Social changes
Review
Complete the sentences
CHALLENGE QUESTION
Watch The Roaring 20s Documentary
Link for Fill in the Blank notes
Audio
-Credit expansion: Americans in the 1920s began buying on credit (buying appliances and paying for them later), and many people could not afford the goods they were purchasing, which resulted in many people living paycheck-to-paycheck and having no savings. On the surface, this makes the economy look good, because people are buying a lot of stuff, but in reality, a credit-driven economy is bad, because most of the people were in debt they could not re-pay.
Changes in the Economy and Culture
Consumerism: Driven by the idea of “buy now, pay later,” many Americans fell into the financial traps of the 1920s consumer-driven economy. Department stores offered all the newest and best goods and appliances to any Americans who were willing to go into debt to have these things. Automobiles were also a major source of debt for Americans who bought on credit.
Changes in the Economy and Culture
Link to Newspaper
Link for Fill in the Blank notes
Listen
Listen
Audio
19th Amendment
Changes in the social and economic status of women during this era, including: flappers, clerical and office jobs, and the rise of women’s colleges.