The great depression

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  • The great depression was bad because it was a world wide economic problem. There was a widespread of unemployment, major stops in industry production and construction. 89% dropped in stock prices.
  • Dow jones industrial average fell 23% causing the market to lose between 8-9 billion in value.

Transcript

  • 1. The Great Depression By: Andrew Gaynor, Mary Woods, Ross Woods
  • 2. What caused the GreatDepression?There are multiple thingsthat started the GreatDepression. The maincause was the stockmarket crash in 1929where stockholders lostmore than $40 billiondollars. The other causeswere Bankfailures, Reduction inPurchasing across theboard, American economicPolicy with Europe, andDrought conditions.
  • 3. Why was it so bad?It was so bad because it wasn’t a smallproblem. It was world wide and lastedup to 3 years.
  • 4. What happened to peopleDue to inflation billionswere left homeless and outof work. Those who wereemployed only got halftheir usual paycheck.
  • 5. What programs assistedrecovery?The programs that werecreated by PresidentRoosevelt to assist therecovery of the GreatDepression was the FirstNew Deal, the Second NewDeal, Works ProgressAdministration(WPA), U.S.Housing Authority, andFarm SecurityAdministration
  • 6. Work cited• Taylor, nick. “The great Depression in the 1930’s”• http://topics.nytimes.com/top/ref erence/timestopics/subjects/g/gre at_depression_1930s (28 march,2012)• Frank G. Steindl “Economic Recovery in the Great Depression” http://eh.net/encyclopedi a/article/Steindl.GD.Recovery (28 march, 2012)• Martin Kelly “Top 5 causes of the Depression” http://americanhistory.about.com/ ad/greatdepression/tp/greatdepre ssion.htm• Kathy Gill “What caused the Great Depression” http://uspolitics.about.com/od/ec onomy/tp/what_caused_great_de pression.htm