Boll Weevil and Drought

SS8H8a Describe the impact of the boll weevil

and drought on Georgia.

Concepts:Location

Production – Distribution - Consumption

•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

Economic Factors of the Great Depression

SS8H8: b. describe the economic factors that resulted in the Great

Depression

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!

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Analyzing Photographs

Causes of the Great Depression Brainpop.com

THE GREAT DEPRESSION

THE 1930s

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.

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

Personal Debt Owing more that you can ever pay off

(homes, cars, boats, etc.)

Bank Practices Banks bought stock, when the market

crashed…banks lost money. Runs on the bank, people withdraw all the

money…the bank closes.

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.

OVERPRODUCTION OF INDUSTRIAL AND AGRICULTURAL PRODUCTS

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.

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.

Depressed Agricultural Production Drought (Dust Bowl) Boll Weevil (in the South) Less product=less money to pay debts