The great depression2
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The great depression2 Presentation 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
    • 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
    • Prices dropped further
      • On October 29, 1929, Black Tuesday , values of stocks “crashed” to record lows
  • 7. Effects of the Great Depression
    • 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
  • 8.
    • Different Responses to the Great Depression
  • 9. The United States
    • Kept its democratic form of government
      • Voters gave government more power to deal with depression
    • The New Deal: set of programs started by President Franklin D. Roosevelt that helped bring the U.S. out of the Great Depression
      • The Social Security Act of 1935
        • Benefits for retired, disabled, and unemployed
      • Public building projects
        • Created new jobs
      • More government involvement in economy
        • Rules and regulations for businesses
        • Assistance for farmers
        • Higher taxes to pay for programs
  • 10. Germany
    • After WWI, Germany set up a democratic government
      • New government failed to solve economic problems
      • Germans lost faith in democracy
    • During the Great Depression, Germans wanted a strong leader to help with their economic problems
      • Adolf Hitler: leader of the Nazi Party and dictator of Germany from 1933-1945
        • His ideas inspired German people who were suffering under the Great Depression and the Treaty of Versailles
        • Nazism: the political beliefs of the Nazi (National Socialist German Workers’) Party
          • Promised to build a more powerful Germany
          • Called for a powerful leader (dictator) to get things done quickly
          • Blamed Jewish people for Germany’s problems
        • His harsh rule brought Germany out of the depression
  • 11. Great Britain
    • Kept its democratic form of government
      • Voters elected a new political party to help the economy
    • economic retrenchment: cutting back on
    • other government programs and focusing
    • on economic improvement
      • More government involvement in the economy
        • Raised tariffs to protect British businesses
        • Cut back money supply to limit inflation
        • Lowered interest rates on loans to encourage spending
      • Balanced the budget (got the government out of debt)
        • Raised taxes and controlled government spending
          • Cut military spending – saved money but weakened defense ability
  • 12. The End
    • Special thanks to:
      • Google Images
      • ClipArt
      • Ben Bindewald