THE GREAT DEPRESSION

CRASH OF 1929

• On October 24th, 1929, the Wall Street Crash occurred causing the Great Depression.
• All the stock markets crashed and more than 13 million shares plummeted
• causing many businesses "crashing" down.

FAMILIES

• Since the businesses went down, they had no many to give to the people
• which caused the wages to go down.
• The highest unemployment rate went to around 25 percent.
• Shantytown was compromised of mud, straw and scrap material.

THE NEW DEAL

• The WAP, AAA, and RFC were some of the programs created in order to help
• the people pick the selfs back up and get on their feet.
• Some would give out small loans and others would just help recreate homes.
• Keynesian economics was developed by the British economist John Maynard Keynes
• during the 1930s in an attempt to understand the Great Depression.

CONTINUED

• Keynes advocated increased government expenditures and lower taxes
• taxes to stimulate demand and pull the global economy out of the Depression.