THE GREAT DEPRESSION

CRASH OF 1929

• investors on the NewYork Stick Exchange dumped 13 million shares causing shares to plummet.
• Many US businesses were ruined, and unemployment soon became a serious problem
• Many countries relied upon American investment and loans and therefore the Crash led to a worldwide depression

FAMILIES

• in 1933, 25 percent of all workers and 37 percent of all nonfarm workers were jobless
• Some people starved; many others lost their farms and homes.
• Shanty towns are of poor people living in improvised residences are made from scraps
• corrugated metal, plywood and sheets of plastic.
• It is a slum settlement also known as a squatter settlement.

THE NEW DEAL

• "3 Rs": Relief, Recovery, and Reform
• Relief for the unemployed and poor
• Recovery of the economy to normal levels
• Reform of the financial system to prevent a repeat depression
• the private sector sometimes is not efficient and therefore requires government intervention through monetary