Crash of 1929

Crash of 1929

• The Stock Market crashed on October 24, 1929
• The businesses lost money
• Many businesses went out of business
• Stock investors lost their fortune

FAMILIES

• The amount of Jobs went down
• The Wages went down
• The highest unemployment rate was 25%
• The Shantytowns were comprised of Shacks

THE NEW DEAL

• Keynnesian Economics was the idea that the
• the economy would benefit from spending
• in the short run
• Publics Works Administration was put in place
• PWA built government buildings to supply jobs