GREAT DEPRESSION

OCTOBER 24TH, 1929
One week before the Wall Street Crash. Investors on new York stock exchange dumped 13 million share causing the value of shares to plummet.

"THE CRASH"

• Bad economic situation
• For more than 3 years
• Banks were unable to lend money to businesses
• People lost jobs
• Banks wee unable to repay people their money

FAMILIES

• Unemployment rate of 3.2%
• Nobody had a job because of the businesses not having money
• Without businesses having money employees were not payed
• Shantytown was a slum settlement

THE NEW DEAL

• Helped banks and the economy to function again
• Consisted of job creation
• Civil uplift, to bring every place to be improved so people can work again
• Established to help stabilize the economy and civil socity

KEYNESIAN ECONOMY

• Was a economic theory
• Named after John Maynard Keynes
• Helped improve the economy
• Stated that people have to have an equal amount of:
• Consumption or spending