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The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
The Great Depression
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The Great Depression

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  • Transcript

    • 1. The Great Depression
    • 2. <ul><li>Period of very high poverty & high levels of unemployment </li></ul>What is a Depression? <ul><li>Great Depression : 1929~1941 </li></ul>
    • 3. <ul><li>1920s economy was not as prosperous as it seemed… </li></ul>A Booming Economy?
    • 4. <ul><li>Decreasing farm prices </li></ul>Causes of the Depression <ul><li>Prices fell when demand decreased after WWI </li></ul><ul><li>Farmers couldn’t pay debts & lost their farms </li></ul>
    • 5. <ul><li>Decreasing farm prices </li></ul>Causes of the Depression <ul><li>1930s ~ drought in the Great Plains caused a “Dust Bowl” </li></ul><ul><li>Migration of farmers to the West (“Okies”) </li></ul>
    • 6.  
    • 7. <ul><li>Uneven distribution of wealth </li></ul>Causes of the Depression <ul><li>Very few rich people and very many poor people </li></ul><ul><li>Companies overproduced (people couldn’t afford to buy goods) </li></ul>
    • 8. <ul><li>Decreased consumer spending in the late 1920s </li></ul>Causes of the Depression <ul><li>People could buy on credit… </li></ul><ul><li>Credit debt led to less spending and business bankruptcies </li></ul>
    • 9. <ul><li>1929 ~ Stock Market Crash </li></ul>Causes of the Depression <ul><li>10/29/1929: Black Tuesday </li></ul><ul><li>Stock prices dropped quickly </li></ul><ul><li>Marks start of Depression </li></ul>
    • 10. <ul><li>1929 ~ Stock Market Crash </li></ul>Causes of the Depression <ul><li>Investors had bought on margin (took out a loan to buy stock) </li></ul><ul><li>Results </li></ul><ul><li>Led to bank failures </li></ul><ul><li>Many lost life savings </li></ul>
    • 11. BANK You start a savings account Your money Your money Bank invests money Bank makes loans Your money Profit on investment Interest paid to your account People repay loans You may close your account
    • 12. The Stock Market Crashes!
    • 13. BANK You start a savings account Your money Your money Bank invests money Bank makes loans Your money Profit on investment People repay loans After the Crash, banks lose $ on investments After the Crash, people can’t repay loans
    • 14. People go to withdraw money that the bank does not have. Result: The bank collapses!
    • 15.  
    • 16. <ul><li>Unemployment </li></ul>Effects of the Depression <ul><li>1933 ~ rose to 25% </li></ul>
    • 17. Effects of the Depression <ul><li>Loss of homes </li></ul><ul><li>Hoovervilles ~ shantytowns </li></ul>
    • 18.  
    • 19. <ul><li>Hopelessness </li></ul>Effects of the Depression
    • 20. The End

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