THe great depression!
Published on Nov 27, 2015
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PRESENTATION OUTLINE
THe great depression!
A Economic Crisis!
Causes
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Stock market crash of 1929
Black Tuesday
Bank Failures
Many lost there savings
Uneven distribution of wealth
American were buying less
Less people buying, less making items, and less jobs
global depression
Its the whole world
Effect
- American economy collapse sent shock waves through the world
- Many countries depended on exporting good to the U.S
- Germany and Austria depended on American loans for there debt
- Prices collapsed
Britain
- Raised taxes
- Passed high protective tariffs
- Regulated currency
- lowered interest rates
- avoided political extremes
France
- Formed a coalition
- passed a series of reforms to help workers
- preserved democratic government
Recovery
in the U.S
U.s.
- Franklin D. Roosevelt. voted president
- began program called new deal
- It eventually reformed American economy
