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the great depression
- 1. The Great Depression By Angela Fasana
- 2. CAUSES Of the great depression
- 3. The crash of wall street Also known as black Thursday 28th of October 1929 Stocks dropped by 150 points Biggest drop ever recorded Caused by banks lending too much money
- 4. Banks fail Banks were in debt More then 9000 banks failed People lost all their savings remaining banks wouldn’t lend money anymore
- 5. No shopping People had no money The didn’t buy any goods Shopkeepers didn’t earn anything And a loop formed, going round and round
- 6. No trade with other countries High taxes were put on imports To encourage people to buy American goods Foreign goods were too expensive Nobody bought it Eventually trade stopped
- 7. Drought Didn’t cause the depression but made things worst Happened in the Mississippi valley Many had to sell their farms for little money Farm goods became very expensive
- 9. Herbert Hoover • From 1929 to 1933 • republican • 31st president of the US • Was hopeful that the depression would solve quickly • Created Hoovervilles
- 10. Franklin D. Roosevelt • From 1933 to 1945 • Democrat • 32nd president of the US • Tried to help the economy • Created the New Deal
- 11. The new deal Government funded projects Were supposed to help the country get out of the depression Based on European style government Has some positive effect
- 12. EFFECTS Of the great depression
- 13. Lack of productivity • The national product of the US dropped by 50% • The hourly wages also dropped by 50% • The unemployment t rate went up by 25% in four years
- 14. Prices drop People didn’t have money to buy things So shopkeeper had to lower their prices Many goods remained stored and unsold Shopkeeper had to owner their prices They didn’t have enough money to pay employs
- 15. Other countries Affected Italy UK Australia Germany France • Had been given money by the us to rebuild after WWI. • When the depression started the US took the money back • Crisis in Germany brought Hitler to power Not Affected Japan China Russia
- 16. End of the depression POSSIBLE CAUSES The New Deal Some believe it ended the depression by giving jobs WWII It created jobs because rebuilding was necessary It kick started the economy