THE GREAT DEPRESSION

CRASH OF 1929

• On October 24, 1929, the Stock Market crashed
• Businesses lost high amounts of money and some went out of business
• Stock investors lost a lot of money

FAMILIES

• The amount of jobs and the wages decreased
• The highest unemployment rate was about 25%
• Shantytowns were comprised of cheap houses made out of scrap materials

THE NEW DEAL

• The Public Administration was put in place to create jobs
• The PWA also built government buildings to help place jobs
• Keynesian Economics was a plan that in the short run
• economic output is based off of aggregate demand