The Great Depression
Published on Mar 15, 2016
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PRESENTATION OUTLINE
Great Depression
1929 - 1939
1920'S
ERA OF OPTIMISM & ECONOMIC PROSPERITY
75% of Americans spent most of their yearly income on consumer goods...
IN 1929
GOODS BOUGHT ON CREDIT EQUALED...
7 BILLION
EVERYONE INVESTED IN STOCKS...
MOST ON BORROWED MONEY
BORROWED MONEY
MOST USING...
It was said that had America entered a period of Permanent Prosperity!
HUGE TARIFFS
WERE SET BY THE GOVERNMENT...
U.S. INDUSTRIES
TO PROTECT....
INTERNATIONAL TRADE...
GROUND TO A HALT
HANDS-OFF POLICY
FOR ALL OTHER BUSINESS, THE GOVERNMENT HAD A...
"It is just as important that business keep out of government as that government keep out of business."
- U.S. President Herbert Hoover
Photo by cliff1066™
EVERYTHING CHANGED
IN OCTOBER 1929...
BLACK TUESDAY
OCTOBER 29
STOCK MARKET CRASHED....
$14 BILLION LOST IN ONE DAY
WEEK'S LOSS = $30 BILLION
THAT WAS 10X MORE THAN THE FEDERAL BUDGET
$377 BILLION
IN TODAY'S MONEY
89%
BY 1932 THE DOW JONES DECLINED
FORMER MILLIONAIRE
FRED BELL LEFT TO SELL APPLES ON THE STREET
BANK RUNS...
PEOPLE RUSHED TO PULL THEIR MONEY OUT OF BANKS
STOCK MARKET
BUT BANKS HAD INVESTED THEIR MONEY IN THE...
$140 BILLION
IN DEPOSITOR MONEY WIPED OUT
11,000 BANKS DISAPPEARED
BY 1933...
FACTORIES CLOSED...
BUSINESSES SHUT DOWN
25% UNEMPLOYMENT RATE
1 OUT OF 4 AMERICANS COULD NOT FIND A JOB
50% UNEMPLOYMENT RATE
1 OUT OF 2 AFRICAN AMERICANS COULDN'T FIND A JOB...
RIDING THE RAILS
MANY AMERICANS ABANDONED THEIR FAMILIES AND TOOK TO...
Shantytowns popped up across America...
HOOVERVILLES
KNOWN AS...
HOOVER BLANKETS
NEWSPAPERS BECAME...
BREADLINES
THE HUNGRY & UNEMPLOYED WAITED TO BE FED IN...
AL CAPONE
IN CHICAGO, SOME WERE OWNED BY...
750,000 FARMS WENT BANKRUPT
BY 1935...
ECOLOGICAL DISASTER
A CATASTROPHIC MAN-MADE...
SHAKEN TO ITS CORE
AMERICA HAD BEEN...
LEFT DEVASTATED
HOPE
BUT THEY HAD...
"THE ONLY THING WE HAVE TO FEAR IS FEAR ITSELF."
WHAT SAVED AMERICA?
THE NEW DEAL or WWII...LET'S FIND OUT!
