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MODULE Good Times, Bad Times
5 SOCIAL STUDIES CONNECTION: THE GREAT DEPRESSION .............................. 294
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A Crisis in
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my Notes myNotes A Crisis in History .............................................................................. 300
Short
Histor
Read A Cr isis in
Histor
Photojournalists captured the struggles and joys of families living through the
INFORMATIONAL TEXT
The stock market crash of 1929 shocked the nation. Great Depression. Left, a photo by Dorothea Lange, right, a photo by Gordon Parks.
The stock market crash of 1929 shocked the nation.
OVERPRODUCTION: In the years before the crash, the Texas and Oklahoma panhandles. This area became during his first 100 days in office. The New Deal—
THE GREAT DEPRESSION 3 farms and factories had been producing more goods than known as the Dust Bowl. Roosevelt’s program to address the economic crisis—
WAS THE WORST ECONOMIC CRISIS IN
UNITED STATES HISTORY. IT BEGAN IN 1929 people could buy. When the crash came, prices collapsed. A Country in Crisis The effects of the created new government offices and 40 new agencies.
The New Deal created jobs, fed and housed people in
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Depression were dramatic. About 300,000 businesses
Many farms and businesses failed, putting Americans out
AND PERSISTED THROUGHOUT THE 1930s. of work. 10 need, and placed new safety regulations on banks and
1 Black Tuesday The 1920s was an era of 4 BANK FAILURES: In the wake of the crash, fearful closed. Unemployment skyrocketed from three percent the stock market. Still, the Great Depression would not
before the crash to a peak of 25 percent. Family incomes
invention and industry in the United States. Millions of customers lined up to withdraw their money from banks. dropped by 40 percent on average and hundreds of fully come to an end until World War II began in 1939,
Americans invested in stocks—small ownership (Many banks had invested in the stock market). Banks thousands lost their homes. putting businesses and people back to work
manufacturing supplies for the war effort.
were unable to hand over so much money at once. About
shares—in exciting new businesses. By 1929, the Millions of Dust Bowl residents abandoned their ruined
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investment craze had driven stock prices much higher 11,000—more than half of all U.S. banks—failed farms and migrated west to start over. Many unemployed
than their actual value. Then, on Tuesday, October 29, nationwide. Millions of customers lost a total of one men, and some women, rode the rails across the country,
1929, prices suddenly plummeted. They continued to billion dollars in savings.
drop as panicked investors raced to sell their stock. At its 5 DECREASED SPENDING: As broke and wary seeking work. They were joined by approximately
250,000 teenagers hoping to ease the burden on their
lowest point, the stock market lost 90 percent of its value. consumers spent less money, businesses continued to fail. families. In cities, millions lined up for free meals at “soup
That was in 1932. A share of U.S. Steel once sold for $262. DROUGHT: In addition to falling crop prices, farmers in kitchens.” The homeless built tent camps in city parks.
Now it sold for $22. Millions of investors lost everything 6
they owned. the Plains region were hit with a series of severe droughts. 9 A New Deal for America In 1932, Franklin
These droughts persisted throughout the 1930s. Combined
Delano Roosevelt was elected president. Assuring
2 A Perfect Storm The Crash of 1929 was just with over-farming and poor soil management, they led to Americans that he would “wage war against the
one of several factors that combined to create the Great massive dust storms that destroyed 100 million acres of
Depression. Others included the following: farmland in southeastern Colorado, southwest Kansas, and emergency,” he pushed through fifteen major laws President Roosevelt speaks to the nation.
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myNotes Bud, Not Buddy .....................................................................................302
BUD,
Not
BUDDY by Christopher Paul Curtis • illustrated by Lisa Fields
HISTORICAL FICTION
by Christopher Paul Curtis
illustrated by Lisa Fields
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he W
f t
he W
f t
Men o
Men of the Woods: : : Men of the Woods: The Civilian Conservation Corps ........320
oods
Men o
oods
The Civilian Conservation Corps
NARRATIVE NONFICTION
Above, men from a Civilian
Conservation Corps work group stand
on a log. At right, the Civilian
Conservation Corps Emblem Patch.
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Stories of the Great Depression ...................................................330
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myNotes
VIDEO INTERVIEW
Stories of the
Great Depression
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Children myNotes Children of the Great Depression ................................................336
OF THE GREAT
DEPRESSION
by Russell Freedman
By Russell Freedman
INFORMATIONAL TEXT
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Performance Task
Write an Informational Article ................................................. 356
Glossary ......................................................................... 360
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