Great Depression
Published on Nov 18, 2015
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PRESENTATION OUTLINE
Great Depression
Economic crisis beginning with the stock market crash.
GrEat Depession
- Black Tuesday, October 29,1929
- Stock Prices plummeted
- People were trying to sell
- No one was buying
Financial collapse
Late 1920's, American economic prosperity sustained the world economy
Financial collapse
- Uneven distribution of wealth
- Over production by business/agriculture
- Americans were buying for less
Stock market crashes
In 1929, New York City's Wall Street
Stock market crashes
- Banks/Investments lined its side-walkes
- Many middle-class began to buy margin
- Thursday, October 1929, panic resulted.
- Then on Tuesday, October 1929 -
- A record of 16 million stocks were sold
Unemployment rate
1927-1947
World Trade
1860-1990
NEw deal
Franklin D. Roosevlet
New deal
- Roosevelt began this for government reform
- He provided jobs for unemployed
- Financial help to farms and businesses
- Large amounts were spent on welfare/ relief programs
- Roosevelt believe this would create jobs and start a new recovery
REcovery
WW2
WW2
- America decided to go into the war
- This got the unemployment rate down
- Also got america out of the great depression
