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The Great Depression
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The Great Depression

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  • Transcript

    • 1. The Great Depression
    • 2.
      • Period of very high poverty & high levels of unemployment
      What is a Depression?
      • Great Depression : 1929~1941
    • 3.
      • 1920s economy was not as prosperous as it seemed…
      A Booming Economy?
    • 4.
      • Decreasing farm prices
      Causes of the Depression
      • Prices fell when demand decreased after WWI
      • Farmers couldn’t pay debts & lost their farms
    • 5.
      • Decreasing farm prices
      Causes of the Depression
      • 1930s ~ drought in the Great Plains caused a “Dust Bowl”
      • Migration of farmers to the West (“Okies”)
    • 6.  
    • 7.
      • Uneven distribution of wealth
      Causes of the Depression
      • Very few rich people and very many poor people
      • Companies overproduced (people couldn’t afford to buy goods)
    • 8.
      • Decreased consumer spending in the late 1920s
      Causes of the Depression
      • People could buy on credit…
      • Credit debt led to less spending and business bankruptcies
    • 9.
      • 1929 ~ Stock Market Crash
      Causes of the Depression
      • 10/29/1929: Black Tuesday
      • Stock prices dropped quickly
      • Marks start of Depression
    • 10.
      • 1929 ~ Stock Market Crash
      Causes of the Depression
      • Investors had bought on margin (took out a loan to buy stock)
      • Results
      • Led to bank failures
      • Many lost life savings
    • 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.
      • Unemployment
      Effects of the Depression
      • 1933 ~ rose to 25%
    • 17. Effects of the Depression
      • Loss of homes
      • Hoovervilles ~ shantytowns
    • 18.  
    • 19.
      • Hopelessness
      Effects of the Depression
    • 20. The End