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The Great Depression
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Published on Dec 14, 2015
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1.
THE GREAT DEPRESSION
BY: SUJAY ADHIKARI
2.
CRASH OF 1929
October 24: Panic selling led to stock market plummeting
Businesses realized that they could not sell their products
This led to cutbacks in production and layoffs
As the economy continued to plummet, so did businesses
3.
FAMILIES
Unemployment increased while wages became lower
Unemployment raised to 24.9%
Shanty Towns were slums filled with crime, suicide, drug use, and disease
4.
THE NEW DEAL
Prevent collapse of banks and worker's rights to bargain and organize
Jobs and farm subsidies, minimum wage, and social security
The Keynesian economy thought that the problem was inadequate demand
Wanted the government to stimulate the economy by increasing the money supply
Thought this would lower the interest rates and encourage investment
Sujay Adhikari
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