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  • In Germany, even those with large bank accounts no longer had enough money to buy carrots or a pound of flour.
  • 6 million Germans were out of work by the early 1930s


  • 1. The Great Depression(1929-1939)
  • 2. What was the Great Depression?
    The Great Depression: a period of very low economic activity and high unemployment that spread throughout the world during the 1930s
  • 3. Economic Boom in the United States
    The Roaring 20’s
    American factories produced most of the world’s manufactured goods
    American workers made more money than workers in other countries
    Banks in the U.S. loaned other countries large amounts of money
  • 4. Economic Struggles in Europe
    Most nations were deep in debt after World War I
    Many countries printed too much money and experienced inflation (money loses value and prices go up)
    Many European nations relied too much on the U.S. economy
  • 5. Causes of the Great Depression
    Too much confidence in the economy
    Americans borrowed and spent too much
    People made careless investments
    Factories produced more goods than they could sell
  • 6. The Stock Market Crash of 1929
    The economy slowed down
    Stock values began to fall
    Investors panicked and too
    many people wanted to sell
    their stocks
  • 7. The Stock Market Crash of 1929
    Stockbrokers demanded
    that borrowers pay off loans
    People withdrew money from banks to pay off loans
    Many banks did not have enough money and had to close
  • 8. The Stock Market Crash of 1929
    Prices dropped further
    On October 29, 1929, Black Tuesday, values of stocks “crashed” to record lows
  • 9. Effects of the Great Depression
  • 10. Effects of the Great Depression
  • 11. Many banks and factories closed
    People lost faith in the economy
    People bought less and invested less
    Many people became homeless
    Unemployment was at an all time high
    1/4 Americans and British jobless
    2/5 Germans jobless