Document A
In what month and year was this article published?
August 1929
Identify the newspaper and the date of this paper.
New York Times, October 29, 1929
What is the date of this issue of Fortune Magazine?
February 1930
According to the cartoon, what big problem faced US Farmers?
Overproduction of farm goods
Who was John T. Raskob?
What event rocked the nation the previous day?
The stock market dropped/crashed/went way down.
What is the price range of the ten models of Gar Wood Boats mentioned in this ad?
$3,150 to $12,950
What two agricultural products are represented by the eggs?
Wheat and Cotton Prices
According to the article, how could every American become rich?
By saving $15 a month and investing.
Looking at one example, what happened to the PRICE of United States Steel Common Stock?
AT&T fell in value from $202 to $185
In document D, we learn that Gladys Caldwell earned about $10 a week in the cotton mill. If she had saved ALL of her earnings, about how long would she have to work in order to buy the least expensive Gar Wood speed boat?
315 weeks, or about 6 years.
What happens to prices during a period of overproduction? Use the law of supply and demand to explain.
Prices fall. When supply is high, but demand is low, prices fall.