The Great Depression was caused by multiple factors including the 1929 stock market crash where stockholders lost over $40 billion, bank failures, reduced purchasing across the US and Europe, American economic policies in Europe, and drought conditions. It affected the entire world and lasted 3 years, leaving many homeless and unemployed with half of those still working getting reduced pay. President Roosevelt created programs like the New Deal, Works Progress Administration, and US Housing Authority to aid recovery.
2. What caused the Great
Depression?
There are multiple things
that started the Great
Depression. The main
cause was the stock
market crash in 1929
where stockholders lost
more than $40 billion
dollars. The other causes
were Bank
failures, Reduction in
Purchasing across the
board, American economic
Policy with Europe, and
Drought conditions.
3. Why was it so bad?
It was so bad because it wasn’t a small
problem. It was world wide and lasted
up to 3 years.
4. What happened to people
Due to inflation billions
were left homeless and out
of work. Those who were
employed only got half
their usual paycheck.
5. What programs assisted
recovery?
The programs that were
created by President
Roosevelt to assist the
recovery of the Great
Depression was the First
New Deal, the Second New
Deal, Works Progress
Administration(WPA), U.S.
Housing Authority, and
Farm Security
Administration
6.
7. Work cited
• Taylor, nick. “The great Depression
in the 1930’s”
• http://topics.nytimes.com/top/ref
erence/timestopics/subjects/g/gre
at_depression_1930s (28
march,2012)
• Frank G. Steindl “Economic
Recovery in the Great Depression”
http://eh.net/encyclopedi
a/article/Steindl.GD.Recovery (28
march, 2012)
• Martin Kelly “Top 5 causes of the
Depression”
http://americanhistory.about.com/
ad/greatdepression/tp/greatdepre
ssion.htm
• Kathy Gill “What caused the Great
Depression”
http://uspolitics.about.com/od/ec
onomy/tp/what_caused_great_de
pression.htm
Editor's Notes
The great depression was bad because it was a world wide economic problem. There was a widespread of unemployment, major stops in industry production and construction. 89% dropped in stock prices.
Dow jones industrial average fell 23% causing the market to lose between 8-9 billion in value.