The Great Depression

Crash of 1929

• The New York stock exchange dumped 13 million shares and the stock market crashed
• People were afraid of spending money or they had already lost all of their money.

Families

• There were less jobs and wages become smaller. 25%
• People in Shantytowns lived in buildings made of corrugated metal, plywood,and sheets of plastic

The New Deal

• The WPA,Federal Writers Project, Rural Electrification administration, The NRA, and the Social Security Act
• An economic theory of total spending in the economy and it's effects on output and inflation