Great Depression
Published on Nov 18, 2015
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
What was it?
- Economic downturn that affected the whole world
- 1929-WWII
- Unemployment, political turmoil, agricultural crisis
Photo by SSAVE w/ over 2,500,000 views THX
How it started
- Stock Market Crash October 29, 1929
- Prices at record lows
- Investments/savings lost
- PANIC!!!
Photo by Thomas Hawk
The Effects
social, economic, and political problems
Social Problems
- High unemployment
- Poverty, homelessness
- Marriage/family breakdown
- Depression
- School dropouts
Photo by Gwenaël Piaser
"Hoovervilles"
Economic Problems
- Unemployment from 3% to 25%
- Banks failed and people lost savings
- Drought/dropping prices collapsed agricultural economy
Political Problems
- Pres. Hoover thought the GD would sort itself out
- People blamed Hoover
- Pres. FDR instituted "The New Deal"
Untitled Slide
Untitled Slide
How did it end?
WWII
- Increase in government spending
- War created jobs
- US has not experienced a recession like this since
