Testimonies from people who fell into debt after their successful livelihoods and who lost money in the Wall Street Crash. America was the land of plenty, but then the economy crashed and the country plummeted into Depression.
- This clip is from:
- First broadcast:
- 28 June 2007
Ask students to create a spider diagram marked ‘economic crash’ at the centre. Explore the causes of the crash: big businesses investing in more production, purchase plans for the consumer, debt, low worker’s pay, divisions in society, banks with surplus capital, bankruptcy, laissez faire. Students could present the case for each of being a major factor, with the class voting for the most important issue. From boom to crash, challenge students to explore the root causes and write up a summary with evidence to back up their findings.