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TCI Chapter 30 Notes

The document summarizes key events from a classroom simulation game about the stock market crash of 1929 and the Great Depression, and compares them to actual historical events. It notes that in the game, many students invested with hopes of getting rich, some bought on margin, and point values decreased dramatically in the last round causing most to lose everything. Two actions by the federal government that made the Depression worse are described. Speculative bubbles are defined as situations where asset prices increase rapidly then collapse.

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Mary Kelly Friedman
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897 views2 pages

TCI Chapter 30 Notes

The document summarizes key events from a classroom simulation game about the stock market crash of 1929 and the Great Depression, and compares them to actual historical events. It notes that in the game, many students invested with hopes of getting rich, some bought on margin, and point values decreased dramatically in the last round causing most to lose everything. Two actions by the federal government that made the Depression worse are described. Speculative bubbles are defined as situations where asset prices increase rapidly then collapse.

Uploaded by

Mary Kelly Friedman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Chapter 30 Notes Name Box#

Directions: read Sections 30.1 and 30.2 and record at least three parallels between the game and
history. Use these Key Content Terms in your response: Black Tuesday, stock market crash,
buying on margin. The first comparison is completed for you.

Comparing the Yee Haw! Game to History


Classroom Experience Historical Parallels
Many students selected the “Go for the Gold!” Many Americans invested in the stock market
option with hopes of earning lots of extra in the 1920s with hopes of getting rich.
credit.

Some students bought Bonanza Chips to


increase their gains.

Point values decreased dramatically in the last


round. All but those who chose to “Hold
Tight” lost everything they had and sometimes
even more.

Even those who chose to “Play It Safe” lost


their extra credit.

Directions: Overproduction and underconsumption were key causes of the Great Depression.
Complete the table below as you read Section 30.3.

Key Causes and Effects of the Great Depression


What caused this economic What were the effects of this
trend? economic trend?
Overproduction

Underconsumption
Section 30.4
Name and describe two actions the federal government took that made the Great Depression
worse.

1.

2.

Section 30.5
Write a definition of speculative bubble. Then list at least four examples of speculative bubbles
from the past and at least one way a speculative bubble might affect your life today.

Speculative Bubble:

Definition:

Examples from Connection to


the past: You today:

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