The Great depression

Crash of 1929

• 2/5 of all money invested was in stocks.
• The market declined exponentially.
• Leaving stocks worthless
• And families penniless.
• Buisness slowed down greatly.

Families

• Unemployment peaked at 25%
• People were fired and wages were lowered.
• Families had trouble getting money.
• Shantytowns were for the extremely poor,
• who had no where else to go.

the new deal

• A series of domestic programs.
• $500 Million in relief.
• Attempt to fix the economy.
•  Keynesian Economics.
•  Economic output is strongly influenced by aggregate demand.