THE GREAT DEPRESSION

CRASH OF 1929

• The Dow Jones Industrial Average plummeted and launched the Great Depression.
• Known as "Black Tuesday"
• Many businesses had to close down because of money loss.

FAMILIES

• The unemployment rate jumped to 25%
• Shantytowns consisted mainly of shacks
• Many people lost their jobs

NEW DEAL

• Keynesian Economics is the view that economic output strongly influenced by total spending in economy
• PWA built government buildings
• The New Deal was a series of programs enacted by Roosevelt.
• The New Deal focused on relief, recovery, and reform