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An Overview of the Great Depression

Presentation by David Wheelock, Fed economist and author of the overview essay in The Great Depression Curriculum. In this presentation, Wheelock outlines causes of the Great Depression, economic concepts and data from the era. Presentation (.ppt)


National Standards Correlation

Each lesson in the Great Depression curriculum is correlated with the National Standards in Economics, the National Standards for History, and the National Council for the Social Studies Strands, and these standards and strands are listed in the front section of each lesson.

State Standards Correlations

This document aligns the Great Depression Curriuculum with the Missouri Department of Elementary and Secondary Education's Course Level Expectations (COE) and Depth of Knowledge statements for the U. S. History course. The document was prepared by Patricia Palmer, Ed.D, Director Operation Outreach, UMKC Center for Economic Education

Alignment Doc (.pdf)

Curriculum

The Great Depression Lesson Plans

The Great Depression: A Curriculum for High School Students

The curriculum begins with a message from Former Federal Reserve Chairman Ben Bernanke and an introductory essay, “The Great Depression: An Overview,” written by David C. Wheelock, a research economist at the Federal Reserve Bank of St. Louis and an expert on the Great Depression. The essay is incorporated into many of the lessons, as students are asked to read and refer to various sections of the essay.

Following the essay, the curriculum includes six stand-alone lessons, allowing the teacher to pick and choose the lessons most appropriate for his or her students. Although each lesson is written to stand alone, the lessons are sequenced for instruction so that a teacher can use the entire unit.

Lesson Format

Each lesson includes:

Lesson Content

Full Curriculum
Download the Full Curriculum (.pdf)

Lesson 1 – Measuring the Great Depression
Lesson (.pdf) | Whiteboard (.notebook) | Whiteboard (.pptx)

This lesson introduces tools—such as Gross Domestic Product (GDP), the unemployment rate and the Consumer Price Index (CPI)—that are used to measure the economy’s health, through an analysis of simple bar charts and graphs. Developing an understanding of these concepts is critical to understanding the magnitude of the economic problems that took place during the Great Depression.

Lesson 2 – What Do People Say Caused the Great Depression?
Lesson (.pdf) | Whiteboard (.notebook) | Whiteboard (.pptx)

There are many suggested causes for the Great Depression. It is important for students to understand that occurrences such as the stock market crash—and other events that affected particular sectors of the economy—were important, but not significant enough to cause the Great Depression. By reading fictitious letters that reflect actual problems and people’s concerns during the Great Depression, students begin to identify with the people of that era and to uncover the problems that people experienced during the Great Depression.

Lesson 3 – What Really Caused the Great Depression?
Lesson (.pdf) | Whiteboard (.notebook) | Whiteboard (.pptx)

Through participation in two simulations, students determine that bank panics and a shrinking money supply were the primary causes of the Great Depression. Through an additional activity, they see how the many other factors they have discussed, such as problems in the agricultural sector and the stock market crash, exacerbated the situation.

Lesson 4 – Dealing with the Great Depression
Lesson (.pdf) | Whiteboard (.notebook) | Whiteboard (.pptx)

Students learn about programs initiated through the New Deal. By comparing and categorizing New Deal programs, they recognize that the value of most of these programs was their effects on the confidence that U.S. citizens had in the economy. Students also identify the impact that these programs had on the role of the U.S. government in the economy.

Lesson 5 – Turn Your Radio On
Lesson (.pdf) | Whiteboard (.notebook) | Whiteboard (.pptx)

Students use excerpts from Franklin Delano Roosevelt’s “fireside chats” to identify his plans for restoring the economy. They determine that using available technology to communicate was important to FDR’s effort to restore consumer confidence.

Lesson 6 – Could It Happen Again?
Lesson (.pdf) | Whiteboard (.notebook) | Whiteboard (.pptx)

Students learn about the roles and functions of the Federal Reserve System. Through a simulation, they learn how the Fed manages the money supply through open market operations. They identify what central bankers have learned about implementing monetary policy as a result of the Great Depression. Furthermore, they recognize the steps the central bank has taken to respond effectively to financial crises since that time.

 

Glossary of Terms
printer-friendly (.pdf) | web page

The glossary of terms includes an alphabetical list of economic terms used in the lessons, a definition of each term and a reference to the lesson(s) in which the term is used.

Appendix

The appendix of the curriculum includes:

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