The Great Depression
Published on Nov 19, 2015
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PRESENTATION OUTLINE
THE GREAT DEPRESSION
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Crash of 1929
- Economic boom caused many to invest beyond their means
- October 24th, 1929 Stocks plummet
- Lenders called in loans, forcing investors to keep selling
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Families
- Many jobs lost
- Unemployment rate reached 25%
- Many went hungry
- Production dropped dramatically
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SHANTYTOWNS
- Slums, with high crime rate
- Small houses made of plywood and scrap
- Very poor living conditions
- Also known as Hooverville
- Built by homeless
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THE NEW DEAL
- Works Progress Administration created jobs in construction
- Farm Security Administration combat rural poverty
- Civil Works Administration created jobs in manual labor
- Keynesian Economics- you have to spend money to make money
Photo by fatboyke (Luc)
