THE GREAT DEPRESSION

ON OCTOBER 24,1929

• Wall Street Crash of 1929
• devastating stock market crash
• Signaled beginning of 10 year Great Depression
• Affected western countries

WALL STREET CRASH IMPACT

• Over 10 million job losses
• 12,000 unemployed daily
• 20,000 companies bankrupt
• 1500 banks bankrupt

JOBS AND WAGES

• Employment and wage declined drastically
• Wages dropped 42%
• Unemployment rose to 25%

SHANTYTOWNS

• Found in the periphery of cities, parks and trash sites
• Slum settlement made of plywood, cardboard boxes, sheets of plastic
• Lack proper sanitation
• Unhealthy water supply and high crime rates
• Lack of hygiene

KEYNESIAN ECONOMICS

• Economic theory by John Maynard
• ideas created policies during the Great Depression.
• Based on the circular flow of money

PROGRAMS DURING GREAT DEPRESSION

• CCC - Civilian Conservation Corps
• CWA - Civil Works Administration
• FHA - Federal Housing Administration
• HOLC - Home Owner's Loan Corporation