Question

A tiny, destructive insect known as a boll weevil
made its way ______________________
_____ and reached Georgia’s farms in 1915.
The boll weevil was devastating to the South
because it laid its eggs in cotton plants and the
larvae ____________________________.
By the 1920s, many Georgia farmers had
_____________________, money, and their
land due to the insects’ destruction.DateThe Depression hit Georgia especially hard in the 1930s and hurt many Americans. People who were rich one day were poor the next.
Many banks went out of business, unemployment rose sky high, and thousands of people lost their life savings and their homes.
Below are the factors that led to the great depression. Fill in the notes using the powerpoint.NameCause & EffectCause & Effect
FACTORS LEADING
TO THE GREAT
DEPRESSION
BOLL WEEVIL
EFFECTS
The Great Depression was
the _________________
_______ and low economic
activity in modern times.
It began in 1929 and lasted
_______________.
Agriculture income dropped
50%, 25% of Americans were
unemployed, poverty and
___________________.
CONSUMERISM BANK FAILUREOVERPRODUCTION
STOCK MARKET CRASHDROUGHT
People’s spending habits changed as they
focused __________________ things
rather than on saving.
_________________________ also
became more common, which allowed
people to buy things right away rather than
having to save to afford them.
A _____________ soon followed the boll
weevil catastrophe from 1924 to 1927.
Without _____________, farmers could not
grow as much as they normally did.
The drought and boll weevil forced many of
Georgia’s farmers to_____________
__________.
Meanwhile, industries and businesses were
_____________________________ could buy.
Farmers were also producing more than
________________________.
With WWI over, prices for ___________________,
making it hard for farmers to earn a profit.
Many farmers had to ______________________
to buy new equipment and grow more crops.
During the early 1900s, there was _____
_____________ protecting bank deposits.
After the stock market crashed, people
rushed to banks to _________________.
The banks quickly __________________,
which caused many people to lose their
entire life savings.
During the 1920s, people often paid for part of a
stock and then_________________ from
banks to buy the rest.
In the 1920s, millions of Americans bought
_______________________.
When stocks began to drop to their true worth,
________________ and sold their stocks for
much cheaper prices.
This caused the stock _________________,
and on October 29th, 1929, the stock market
crashed.
This is known as “_________________” and
marked the beginning of the Great Depressi

Answer 1

A tiny, destructive insect known as a boll weevil made its way from Mexico into Texas and across the South and reached Georgia’s farms in 1915. The boll weevil was devastating to the South because it laid its eggs in cotton plants and the larvae ate and destroyed the cotton bolls. By the 1920s, many Georgia farmers had lost their crops, savings, and their land due to the insects’ destruction.

The Great Depression was the worst economic downturn and period of low economic activity in modern times. It began in 1929 and lasted through the 1930s. Agriculture income dropped 50%, 25% of Americans were unemployed, and poverty and homelessness increased.

FACTORS LEADING TO THE GREAT DEPRESSION — Cause & Effect

- CONSUMERISM
- People’s spending habits changed as they focused on buying consumer goods and new conveniences rather than on saving.
- Buying on credit (installment buying) also became more common, which allowed people to buy things right away rather than having to save to afford them.

- DROUGHT / BOLL WEEVIL
- A drought soon followed the boll weevil catastrophe from 1924 to 1927.
- Without adequate rainfall, farmers could not grow as much as they normally did.
- The drought and boll weevil forced many of Georgia’s farmers to abandon their farms.

- OVERPRODUCTION
- Meanwhile, industries and businesses were producing more goods than people could buy.
- Farmers were also producing more than the market demanded.
- With WWI over, prices for cotton and other crops fell, making it hard for farmers to earn a profit.
- Many farmers had to borrow money (take out loans) to buy new equipment and grow more crops.

- BANK FAILURE
- During the early 1900s, there was no federal deposit insurance protecting bank deposits.
- After the stock market crashed, people rushed to banks to withdraw their savings.
- The banks quickly failed/closed, which caused many people to lose their entire life savings.

- STOCK MARKET CRASH
- During the 1920s, people often paid for part of a stock and then borrowed from banks to buy the rest (buying on margin).
- In the 1920s, millions of Americans bought stocks on margin.
- When stocks began to drop to their true worth, investors panicked and sold their stocks for much cheaper prices.
- This caused the stock market to collapse, and on October 29th, 1929, the stock market crashed.
- This is known as “Black Tuesday” and marked the beginning of the Great Depression.