1. Causes of the Great Depression
Useful Definitions

2. Define Overproduction
Prices dropped on goods which lead to overproduction.

3. Define Income Disparity
The income disparity between the rich and the poor expanded.

4. Define Installment Plan
More people used credit and installment plans to pay for goods.

5. New technology forced people out of their jobs.

6. Define Boom-and-Bust
The “Boom and Bust” cycle was due for a bust.

7. World War I allies could not repay their loans to us.

8. A major drought occurred in the middle of the United States.

9. The results were……
…massive dust storms
…wide spread poverty
…stock market crash
…the Great Depression.

10. Back to Slide
Overproduction: production in excess of need or stipulated amount.
Income Disparity: the differences in the distribution of wealth
and income within or between populations or individuals
Installment Plan: a system for paying for an item in fixed amounts
at specified intervals.
Boom-and-Bust: characteristic of a period of economic
prosperity followed by a depression.