The Great Depression
Published on Nov 19, 2015
No Description
MORE DECKS TO EXPLORE
PRESENTATION OUTLINE
The Crash of 1929
On October 24, 1929, Wall Street experienced a huge drop in share prices. This drop is now called Black Thursday and this was the beginning of the crash of Wall Street and the ensuing of the American Great Depression. Shares did not rise to their 1929 pre-Depression values until 1954.
Photo by anieto2k
Families
The Great Depression mainly made most jobs go bankrupt and non existent as many businesses were no longer businesses making many poor. The unemployment rate at its highest was a quarter of the US (24.9%). Shanytowns became a common word and a common practice during this time period, as shelter was built out of whatever they could find, tin, cardboard, etc.
Photo by sander_123
The New Deal
The Agricultural Adjustment Actor the AAA accepted the long-held premise that low farm prices resulted from overproduction. So the government sought to stimulate increased farm prices by paying farmers to produce less.
Photo by Stuck in Customs
The Other New Deal
The 1933 National Industrial Recovery Act also known as NIRA, set up the New Deal's fundamental strategy of centralized planning as a means of combating the Depression. Industrial sectors were encouraged to avoid selling below cost to attract dwindling customers and drive weaker competitors out of business
Photo by powerfocusfotografie
