Great Depression
Published on Nov 18, 2015
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PRESENTATION OUTLINE
WHY DID BANKS CLOSE?
BANKS CLOSED BECAUSE...
- People could not buy goods
- People were selling not buying
- People could not afford to pay their loans
- People were nervous and closed their bank accounts
- 12 to 13 million people did not have jobs
WHERE DID ALL THE MONEY GO?
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MONEY...
- Banks closed for 8 days and limited withdrawals
- A lot of people withdrew money at the same time
- Stocks crashed and people lost money
- Banks invested in stocks that decreased in value
- People used their savings because they lost their jobs
WHO, WHAT, WHERE, WHEN OR HOW
DID BANKS FALL APART?
BANKS...
- Bank profits decreased
- Businesses closed due to people not spending money!
- Banks stopped lending money to companies
- Farmers lost money and could not pay their mortgages!
