Global economic conditions have been profoundly impacted by US tariffs. One significant outcome that many people worry about is a major depression, which is the worst economic collapse in modern history. People would go from lavishly celebrating to losing everything, including their life savings.
Watch the video below to learn more about the great depression.
Vocabulary Questions:
- Define “breadlines”. “People went from parties jazz music and riches in the roaring 20’s to losing their life savings and standing in breadlines in a span of a few years. ” Use this term in a sentence. Give a synonym.
- What does “Post-war boom” mean? ” “Driven by the post war boom, easy credit, and all the new demand for consumer products.” Use this phrase in a sentence
- What is the meaning of “the worst has yet to come” “People who had borrowed money to invest were crushed, and many people lost their life savings. However, the worst was yet to come.” Use this idiom to make your own sentence.
Discussion Questions:
- Do you think another great depression will begin in this century? If so, why?
- How would a great depression affect your life right now?
- What have you learned from the great depression?