The Great Depression

Crash of 1929

• October 24, 1929: Wall Street Crash
• Signaled the beginning of the Great Depression
• Most devastating Stock Market crash in history
• Businesses cut down production 
• Nobody could afford products or production of them

Public Works Administration

• Major program of public works
• Organized and provided funds for buildings
• Included schools, hospitals, roads, bridges
• Worked towards reforestation and flood control
• Other programs: Ressettlement & National Youth Adminitration 

Keynesian Economics
In the short run, economic output is influenced by the total spending in the economy.

Family Life

• Shanty Towns: poorest sections of towns; Slums
• High crime rates, houses made of plastic and trash
• Job opportunities declined; 29% unemployment
• 40% Reduction in wages