Great Depression
Published on Nov 20, 2015
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PRESENTATION OUTLINE
CRASH OF 1929
- The Wall Street stock market crashed
- Most devastating crash in US history
- Triggered the Great Depression
- Slowed down business growth
Photo by Wayan Vota
FAMILIES
- Unemployment rates reached 25%
- >11 million people were unemployed
- Wages decreased greatly
- Shantytowns: places with unemployed people
- who were taken from their homes.
Photo by Robb North
THE NEW DEAL- PROGRAMS
- Federal help for people who lost their jobs, homes and savings
- Job creation through massive service project
- Agricultural and manufacturing assistance for farmers and industries
- Stricter banking regulations
- Creation of the FDIC to protect bank savings
Photo by Great Beyond
KEYNESIAN ECONOMICS
- Used increased government expenditures
- and lowered taxes to stimulate demand
Photo by Gwydion M. Williams
