The Great Depression
Published on Nov 18, 2015
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
THE CRASH 1929
The Crash of 1929 was a huge stock market crash that was severe downturn in equity prices that put an end to the "Roaring Twenties". This crash didn't occur in a single day, but was spread out over a two-week period beginning in mid-October. The Dow Jones Industrial Average fell more than 20% over those two days and several stock prices dropped.
BUSINESS DURING THE CRASH
The Crash affected business because people worried about the stock market crash and rushed to withdraw all their money from the banks. This caused the banks to lose money, force bankruptcy and several ended up crashing.
Photo by Universal Pops
JOBS & UNEMPLOYMENT RATES
This economic decline affected jobs and wages as personal income, tax revenue, profits and prices dropped, all while international trade plunged by more than 50%. Those heavily dependent on industrialization suffered the most and primary sector jobs suffered the most. The unemployment rate jumped to a whooping 25% in the US while it rose to 33% in other countries.
Photo by Alejandro Castro
SHANTYTOWNS
Shanty towns were comprised of poor people living in self made residences constructed from scrap materials such as: metal, plywood and sheets of plastic. Shantytowns were basically slums also known as a squatter settlement.
Photo by imaginedp
PROGRAMS
The American Farm and Public Works programs put in place to create jobs during the The Great Depression were known as the three Rs: Relief, Recovery, and Reform. Relief for the unemployed and poor; Recovery of the economy to normal levels; and Reform of the financial system to prevent another depression.
Photo by DVIDSHUB
