Thursday, February 14 Turn in Mussolini/Fascism Note sheet Wrap up Shopping in Germany in 1922 Look at historical realities of German hyperinflations Vocab: Economic Depression VOCAB TEST TOMORROW!! Objective: Describe two factors that caused the Great Depression and explain how two world leaders addressed economic hardships
Life in Germany - 1922 You were given a # by your teacher, this will tell you what job you will hold for this day long experience as a German living through the Inflation of the 1920 s
September Factory Worker - Male $1,600 Businessman $1,700 Salesclerk $1,500 Factory Worker- Female $1,500
Rent 1,000 Bread 20 Gas for the car 50 Milk 30 Apples 50 Beef 100 Juice 30 Potatoes 75 Chocolate 15 Brussel Sprouts Green Beans 40 Broccoli 50 Bananas 60 Sandwich Fixings Movies 150 School Supplies Winter coat 400 40 100 100
October Factory Worker- Male $2,300 Businessman $2,450 Salesclerk $2,200 Factory Worker- Female $2,250
Rent 1,500 Bread 30 Gas for the car 80 Milk 45 Apples 100 Beef 250 Juice 40 Potatoes 150 Chocolate 15 Brussel Sprouts Green Beans 80 Broccoli 100 Bananas 120 Sandwich Fixings Movies 200 School Supplies 80 175 150 Winter coat 700 Fate 200
November Factory Worker- Male $3,600 Businessman $3,800 Salesclerk $3,600 Factory Worker- Female $3,500
Rent 1,900 Bread 50 Gas for the car 150 Milk 80 Apples 160 Beef 400 Juice 70 Potatoes 250 Chocolate 40 Brussel Sprouts 130 Green Beans 130 Broccoli 160 Bananas 200 Sandwich Fixings Movies 350 School Supplies 200 250 Winter coat 1,300 Fate 400
December Factory Worker- Male $11,000 Businessman $10,000 Salesclerk $10,000 Factory Worker- Female $11,000
Rent 8,000 Bread 200 Gas for the car 700 Milk 320 Apples 800 Beef 1,800 Juice 300 Potatoes 1,000 Chocolate 160 Brussel Sprouts 550 Green Beans 550 Broccoli 680 Bananas 820 Sandwich Fixings Movies 1,400 School Supplies 1,300 1,200 Winter coat 5,500 Fate 6,000
January Factory Worker- Male $115,000 Businessman $110,000 Salesclerk $113,000 Factory Worker- Female $115,000
Rent 90,000 Bread 2,500 Gas for the car 9,000 Milk 3,200 Apples 9,000 Beef 19,000 Juice 3,000 Potatoes 11,000 Chocolate 1,500 Brussel Sprouts 6,000 Green Beans 6,000 Broccoli 7,000 Bananas 9,000 Sandwich Fixings Movies 13,000 School Supplies Winter coat 60,000 14,000 12,000
German Inflation When the value of $ decreases Prices go up
The German inflation of 1923. One dollar worth 100,000 marks.
Causes of German Inflation Did not pay taxes to pay for war Borrowed money, figuring they would WIN THE WAR and make the LOSERS PAY LOST the War & Forced to pay REPARATIONS Printed Money without any Gold to back it up
1914 10 Pfennig, Copper-Nickel Would buy ½ dozen eggs or 2 ½ pounds of potatoes. Bread is 13 Pfennig for a 1 pound loaf.
1918 ½ Mark, Silver Would buy 1 Dozen Eggs, 5 Pounds of Potatoes or a ¼ pound of Meat Bread is 22 Pfennig a loaf.
1920 1 Mark, Paper Money Would buy ½ Dozen Eggs or a pound of flour. Bread is 1.20 Mark a loaf.
1922 10,000 Mark January 19, 1922 Reichsbanknote In early 1922 10,000 Mark would buy over 250 Pounds of Meat. By the end of the year it would buy only 5 pounds of Meat. In June bread is 3.50 Mark a loaf.
1923- May 500,000 Mark May 1, 1923 Reichs banknote Would buy about 40 pounds of meat. Bread is 1200 Mark a loaf.
1923- July To save printing cost and produce currency faster, the note was printed only on one side 10 Million Mark July 25, 1923 Reichsbanknote Would buy 12 Pounds of Meat or 7 pounds of butter. Bread is 100,000 Mark a loaf.
100 Billion Mark, Nov. 3 1923 City of Freital On November 1 100 Billion Mark would buy 3 pounds of meat. Bread is 3 Billion Mark a loaf. On November 15 100 Billion Mark would buy 2 glasses of beer Bread is 80 Billion Mark a loaf. 1923- Nov.
1924 ADOLF HITLER WRITES "MEIN KAMPF". 10 Retenpfennig, aluminum-bronze Would buy 3 Eggs or 2 pounds of Potatoes. Bread is 35 Pfennig a loaf
Essential Question 5 Describe two factors that caused the Great Depression and explain how two world leaders addressed economic hardships
Economic Depression
Historical Vocabulary Word: Teacher s Explanation: Period of extended financial decline marked by rising unemployment and decreasing production. Economic Depression My Meaning: My Graphic Representation: Relevant Example: Relevant Non-Example:
Economic Depression Synonyms Economic downturn, drop-off, slump
Economic Depression Causes and effects of the Great Depression in the United States
Word Used In A Sentence The US stock market crash in 1929 led to the economic depression that then spread around the world.