GREAT DEPRESSION

OCTOBER 24TH, 1929

• Wall Street crashed
• Markets lost 11% of their value
• Many business lost their value
• Many went out of business or had major layoffs

FAMILIES

• Unemployment rate of 25%
• Families went hungery when men lost their jobs
• Almost no knew jobs or opportunities
• Wages dropped along with layoffs

SHANTYTOWNS

• Also known as Hooverviles
• Housing spaces built by homeless people during the Depression
• Named because people thought Herbert Hoover was responsible

FARM AND PUBLIC WORKS PROGRAMS

• The Public Works Administration, created to provide economic stimulus and jobs during
• The Civil Works Administration, created in 1933 to make jobs for the unemployed
• The Farm Security Administration
• helped with rural regrowth, farm loans, and subsistence homestead programs

KEYNESIAN ECONOMICS

• the idea that when spending increases in an economy, earnings also increase
• which can lead to even more spending and earnings