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# “I’m in the Market – For You!

## By, George Olsen

Date: February 9, 1930

## Listen to the song while reading the lyrics and

answer the question on the handout.
Yeehaw!
Point Earnings
Go for the Gold!
Hold Tight Play it safe
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8

## Two Chips will cost 10% of your total points

Three Chips will cost 20% of your total points

## Deduct the cost by adjusting the “Running Total”

column.
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9

If you have a Bonanza Chip multiply the points you earn in each
round by:

x2 for 2 chips
x3 for 3 chips
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9
Round 5 0 +1 +2 +3 +4 +5 +6 +7

If you have a Bonanza Chip multiply the points you earn in each
round by:

x2 for 2 chips
x3 for 3 chips
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9
Round 5 0 +1 +2 +3 +4 +5 +6 +7
Round 6 0 -10 -40 -40 -40 -40 -40 -40

If you have a Bonanza Chip multiply the points you earn in each
round by:

x2 for 2 chips
x3 for 3 chips
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9
Round 5 0 +1 +2 +3 +4 +5 +6 +7
Round 6 0 -10 -40 -40 -40 -40 -40 -40
Round 7 0 +1 -4 -5 -6 -8 -10 -20

If you have a Bonanza Chip multiply the points you earn in each
round by:

x2 for 2 chips
x3 for 3 chips
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9
Round 5 0 +1 +2 +3 +4 +5 +6 +7
Round 6 0 -10 -40 -40 -40 -40 -40 -40
Round 7 0 +1 -4 -5 -6 -8 -10 -20
Round 8 0 +1 -4 -5 -6 -8 -10 -20
If you have a Bonanza Chip multiply the points you earn in each
round by:

x2 for 2 chips
x3 for 3 chips
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9
Round 5 0 +1 +2 +3 +4 +5 +6 +7
Round 6 0 -10 -40 -40 -40 -40 -40 -40
Round 7 0 +1 -4 -5 -6 -8 -10 -20
Round 8 0 +1 -4 -5 -6 -8 -10 -20
Round 9 0 +1 -4 -5 -6 -8 -10 -20

If you have a Bonanza Chip multiply the points you earn in each round by:

x2 for 2 chips
x3 for 3 chips
Point Earnings
Go for the Gold!
Hold Tight Play it safe

Round 1 0 +1 +2 +3 +4 +5 +6 +7
Round 2 0 +1 +2 +3 +4 +5 +6 +7
Round 3 0 +1 +3 +4 +5 +6 +7 +8
Round 4 0 +1 +4 +5 +6 +7 +8 +9
Round 5 0 +1 +2 +3 +4 +5 +6 +7
Round 6 0 -10 -40 -40 -40 -40 -40 -40
Round 7 0 +1 -4 -5 -6 -8 -10 -20
Round 8 0 +1 -4 -5 -6 -8 -10 -20
Round 9 0 +1 -4 -5 -6 -8 -10 -20
Round 10 0 -10 -4 -5 -6 -8 -10 -20
If you have a Bonanza Chip multiply the points you earn in each round by:
x2 for 2 chips
x3 for 3 chips
Black Tuesday

## “We have entered the age of Permanent

Prosperity.” – Various Economists, 1920s
“I’m in the Market – For You!”

## By, George Olsen

Date: February 9, 1930

## Listen to the song while reading the lyrics and

answer the question on the handout.
Signs of Economic Troubles
Faced increased competition New forms of transportation Decrease in demand →
from developing nations cut into its bottom line – industry reached its peak
Trucks, buses, and personal during WWI
automobiles.
Signs of Economic Troubles
The boom industries of the 1920s begin to lose
ground.
Automobile Construction Consumer Goods
People had purchased cars Slowed by 25% - Housing If people aren’t
in droves – everyone that construction is an economic buying/building new homes
furniture
Trouble with Farms
• During WWI → farmers increased production
to meet international demand for food.
• WWI Ends → demand for American crops
decrease as Europeans grow their own again.
Trouble with Farms
Farmers kept growing crops →
Too much supply – weak demand = decrease
in prices (prices decrease 50% or more)
Living on Credit
• American’s live beyond their means
• Availability of credit = people taking on too
much debt
• People begin to lose their jobs → less money
Uneven Distribution of Income
Top 1% Top 5% Average American Poorest 40%
Wealth increases Wealth increased Incomes rose by Earned \$150\per
by 75% 30-35% 9% year

## 1/10th the national

average of \$1500
Bull Market
• American’s raced to buy stocks
• 1929 – 3% of Americans (4 million) owned
stocks.
Speculation
stocks the values of
those stocks became
inflated.
• “Paper Money” – huge
sums of money were
generated – based on
the value of stocks
• Paying a small
percentage (10%) as a
down payment and
borrowing the rest.
• Brokers lent
individuals money
• Stocks go up → repay debt and make a profit
• Stocks go down → you owe more than the
value of the stock
Black Tuesday
Stocks reach their peak value Oct 29 – private investors and
large corporations sell their
stocks – the market PLUNGES!

September October

## Oct 24 – stock values decrease –

Investors lose confidence – stocks
investors begin to sell
lose value
Dow Jones Industrial Average
• A measure based on the stock prices of 30
companies that are representative of the
market.
– 1924 – DJIA → 81 points
– 1929 – DJIA → 381 points
– July 2, 1929 → 41 points
Companies that make up the DJIA today
Alcoa DuPont International Paper
American Express Eastman Kodak Johnson & Johnson
AT&T Exxon Mobil McDonald's
Boeing General Electric Merck
Caterpillar General Motors Microsoft
Coca-Cola Hewlett-Packard 3M
Citigroup Home Depot JP Morgan
Disney Honeywell Philip Morris
IBM Proctor & Gamble
Intel SBC
Communications
United Tech
Wal-Mart
Causes of the Great Depression
1. Industrial base that was outdated – old
2. Farm Sector Crisis – farmers overproduced