Internet Stock Market Crash

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    Internet Stock Market Crash - Presentation Transcript

    1. The Stock Market Crash The Depression Or The Great Slump
    2. Smoot-Hawley Act
      • Signed into law on June 17, 1930.
      • This act Raised U.S tariff levels to new heights on over 20000 goods.
      • By Economist opinion this worsened the great Depression, because many countries were angered and their was some boycotts.
      • Supposed to help farmers by raising tariff levels on agricultural goods
      • http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act
    3. Bank Failure
      • 1920’s there were lots of banks nationwide.
      • As farmers had less and less money to spend in town banks began to fail.
      • When the banks failed people lost there life savings and became terribly poor.
      • Some say it was the failure of banks that caused the depression others say it was other economic issues.
      • http://en.wikipedia.org/wiki/The_Depression
    4. Federal Reserve
      • Used in the depression to balance banks
      • It Failed.
      • IT WORSENED THE DEPRESSION BECAUSE THE US DOLLAR WAS DEVALUED, AND MONEY DECLINED 2.6 PERCENT!!!!!!!!!!
      • http://www.hoover.org/publications/policyreview/3476271.html
    5. Resources
      • All done by Wikipedia
      • Authors Unknown
      • http://en.wikipedia.org/wiki/Revenue_Act_of_1926 , this page was last modified 22:35, 5 December 2006.
      • http://en.wikipedia.org/wiki/Revenue_Act_of_1928 This page was last modified 17:23, 13 February 2007.
      • http://en.wikipedia.org/wiki/Smoot-Hawley_Tariff_Act This page was last modified 16:18, 26 September 2007.
      • http://en.wikipedia.org/wiki/The_Depression
      • This page was last modified 05:21, 3 October 2007.

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