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The great depression part 1

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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
  • Transcript

    • 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

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