Topic: Black Thursday and the Great Depression

Target group

7th‑grade students of elementary school

Core curriculum

7th‑grade students of elementary school

XXX. Society and economy of the Second Polish Republic. Pupil:

  1. discusses the effects of the global economic crisis in Poland.

1st‑grade students of high schools (old core curriculum)

  1. Economy and society of the Second Polish Republic. Pupil:

  1. compares the manifestations of the economic crisis in the world and in Poland, indicating its specific features.

General aim of education

Students learn about the manifestations of the economic crisis in the world and in Poland, indicating its specific features.

Key competences

  • communication in foreign languages;

  • digital competence;

  • learning to learn.

Criteria for success
The student will learn:

  • to characterise the causes of the economic crisis at the turn of the 20s and 30s of the 20th century;

  • to describe the consequences of the economic crisis at the turn of the 20s and 30s of the 20th century;

  • to characterise specific features of the economic crisis in Poland.

Methods/techniques

  • expository

    • talk.

  • activating

    • discussion.

  • programmed

    • with computer;

    • with e‑textbook.

  • practical

    • exercices concerned.

Forms of work

  • individual activity;

  • activity in pairs;

  • activity in groups;

  • collective activity.

Teaching aids

  • e‑textbook;

  • notebook and crayons/felt‑tip pens;

  • interactive whiteboard, tablets/computers.

Lesson plan overview

Before classes

  1. The teacher asks you to repeat information about the state of the economy after the First World War.

Introduction

  1. The teacher states the subject of the lesson, explains the aim of the lesson and together with students determines the success criteria to be achieved.

  2. The teacher displays the chart from e‑textbook (Wskaźnik Dow Jones Industrial Average od października 1928 roku do stycznia 1933 roku). With this and other examples, he explains what happened on Black Thursday in the New York Stock Exchange. Together with students, he wonders why the crisis that began in the United States has become a global one.

Realization

  1. The teacher asks the students to perform Task 1 (definition and effects of the „price scissors” phenomenon) and Exercises 1 (sketch analysis) .The teacher presents the iconographic material on the multimedia board. He reminds the students that thier main task during this lesson will be to analyze the effects of the Great Depression The teacher encourages students to wwrite down their insights on some sticky notes.

  2. The teacher asks the students to carry out Task 2. The students listen to the recording. The teacher once more encourages students to note their observations on sticky notes.

  3. The teacher explains to students what actions have been taken in the United States and in western Europe (especially in Germany under Hitler's rule) to overcome the crisis. The students analyze the example of the promotion of Polish products (Task 3), and as a summary they perform Exercise 2, completing the text. The teacher makes sure that the tasks have been correctly completed and provides feedback.

Summary

  1. The students read out the effects of the crisis and the actions that were meant fight it. Then they stick them to the board. Then all together with the teacher the wonder what criterion they can be ranked with. Sticky notes on the board are organized according to the agreed arrangements, maintaining a hierarchy.

  2. The teacher assesses the students' work during the lesson, taking into account their input and commitment. For this purpose, he may prepare a self‑assessment questionnaire.

Homework

  1. The teacher tasks willing students with homework: Carry out the Task 4 from the e‑textbook. Students find out whether after the Second World War there was a similar economic meltdown. They prepare a short essay about the chosen post‑war economic crisis.

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The following terms and recordings will be used during this lesson

Terms

Autarky
Autarky
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Nagranie słówka: Autarky

Autarkia – samowystarczalność gospodarcza, ekonomiczny cel polityki gospodarczej państwa lub grupy państw.

State interventionism
State interventionism
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Nagranie słówka: State interventionism

Interwencjonizm – system polityki gospodarczej państwa polegający na jego bezpośrednim oddziaływaniu na gospodarkę.

Consumption
Consumption
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Nagranie słówka: Consumption

Konsumpcja – wydatki ponoszone przez gospodarstwa domowe na zakup dóbr i usług

New Deal
New Deal
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Nagranie słówka: New Deal

Nowy ład - antykryzysowa polityka społeczno‑gospodarcza, realizowana w USA przez administrację prezydenta F.D. Roosevelta w latach 1933–39

price scissors
price scissors
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Nagranie słówka: price scissors

nożyce cenowe – są jednym z podstawowych wskaźników pokazujących zmiany poziomu cen, a także możliwości nabywcze rolników; w okresach kryzysów agrarnych, gdy rolnicy w celu uzyskania gotówki zwiększali produkcję (podaż), pogłębiając tym spadek cen, podczas gdy ceny produktów (przemysłowych i innych) przez nich kupowanych ulegały obniżce dużo mniejszej (tzw. rozwieranie się nożyc cen).

Texts and recordings

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Nagranie abstraktu

Black Thursday and the Great Depression

October 24, 1929, went down in economic history as Black Thursday. After the crash on Wall Street, the world economy entered a period called the Great Depression in the US, and the Great Economic Crisis in other countries. Production fell sharply and unemployment rose. The prices of agricultural commodities fell too. As a result of the continuing crisis, the economic policies of the affected countries were changed significantly, making it possible to overcome the collapse. In 1933, thanks to the New Deal policy implemented by US President Roosevelt, the situation on the American market began to improve. The first stage of the program’s implementation was to organize public works. The army was modernized. In order to increase the attractiveness of American goods on foreign markets, the value of the dollar was reduced. Also, social legislation was introduced. The US decided to increase its budget deficit and reduced its expenditure on administration.