The Great Depression
Published on Dec 12, 2015
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PRESENTATION OUTLINE
CRASH OF 1929
- U.S economic boom prompted many to speculate , invest beyond their means
- Black Thursday: stock prices dropped, investors lost life savings
- Lenders called in loans , forcing investors to keep selling
- Over production and reduced consumer demand for businesses
- Widespread business failure and unemployment
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FAMILIES
- Economic decline caused businesses to crash
- Thousands lost their jobs due to the economic failure
- Unemployment rate decreased by 20-25%
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SHANTYTOWNS
- People went homeless and moved to shanty towns
- They are made of plywood, scrap metal, and cardboard.
- Nicknamed "Hooverville "
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THE NEW DEAL
- A deal by Franklin Roosevelt
- Large-scale public works to give jobs and revive the economy by spending.
- Keynesian economics is the theory of f total spending in the economy
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