The Great Depression

THE Stock Crash

• on oct. 24 1929 the stock market crashed
• Lost 11% of its total value
• Was caused by ww1
• Known as Black Tuesday

Families

• Black tuesday caused economic decline
• wages dropped drastically
• Unemployment rose to 25%
• Shanty towns formed from plywood and trash built by homless

The New Deal

• Programs such as well fair, food stamps, and unemployment offices
• Keynesian economics the view that in times of recession especially economics are dependint on exports and spending