The Great Depression

The Great Depression

• The depression was the deepest and longest-lasting economic downturn in the history of the Western industrialized world.
• In the United states the depression began soon after the stock market crash of October, 1929.

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• Over the next several years consumer spending and investment dropped causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers.

Workers out of work

By 1933 Great depression hits lowest point

Women and their children

1933

• When the Great depression reached its lowest point some 13 to 15 million people were unemployed and nearly half of the countrys banks had failed.

Help with G.D

• President FDR helped lessen the worst effects of the G.D in the 1930 the economy would not fully turn around until after 1939 when WW2 kicked America industr into high gear.

Stock Market

Wall St.

Great Depression Ends