THE GREAT DEPRESSION

Causes Of The Great Depression

• The 1929 stock crash
• Easy credit
• unemployment by big industries

October 24, of 1929 the stock market took a plunge & panicked investors unloaded their shares . The stock market crash signaled the beginning of the GREAT DEPRESSION

Easy credit made people waist money for fun and caused family's to go bankrupt .

In 1930 Ford fired more workers and caused unemployment. men who had to sustain there family's were going to start going through hunger and depression.

Effects Of The Great Depression

• Massive unemployment
• The money that the U.S let Britain,Italy,& France borrow was needed
• Allowed Hitler to get into power
• Made breadlines,soup-lines, & shantytowns a common sight
• people were really stressed and giving up they demanded relief the suicide rate was higher.

shanty towns were called hoover villes many family's were in debt and looked for scrap materials to make their new homes with.

bread lines as well as soup lines were a common sight they were provided by charitable organizations or public agencies

people blamed the depression on president Hoover. hoover decided to hike the taxes but made thing worst.

Long Term Effects of The Great Depression

• The Great Depressions of 2008 and 2009 would have been worse without the $700 billion and $770 billion stimulus packages from President Bush and President Obama
• Social Security , continues to this day, and was introduced by Franklin D. Roosevelt in the midst of the Great Depression.s

HELP

• The government helped the citizens with soup lines and bread lines that they put for the public.
• maybe the great depression wouldn't have been so bad if banks didnt give easy credit
• citizens shouldn't have blamed everything to the president becuase he didnt tell them to waist money.

Site Sources

• https://www.youtube.com/watch?v=xYD9fb---Gs(The Great Depression 1929).
• (PBS Presentation: The Great Depression)
• U. S History Textbook