The Great Depression by Jordin Freeto

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Slide Notes

The Great Depression

Published on Nov 28, 2015

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PRESENTATION OUTLINE

THE GREAT DEPRESSION

BY: JORDIN FREETO

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CRASH OF 1929

Photo by Leo Reynolds

On October 24, 1929 investors started selling their stocks off which created a domino effect of falling stock prices, furthering the stock market to crash. Prices plummeted a few days later after the panic had started.

Photo by Seattle Municipal Archives

FAMILIES

Photo by conorwithonen

Unemployment rates reached about 25%, leaving almost 11 million people looking for work. Shanty towns were the poorest areas of a city. They consisted of scraps of wood and tin, and typically lacked sanitation, electricity, and water supply.

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THE NEW DEAL

Photo by Gwydion M. Williams

Because so many people were being laid off, the New Deal set forth in building dams, hospitals and school to provide work for those who needed it. Keynesian economics was a theory that the government must stimulate demand.

Photo by B Tal

Jordin Freeto