• Like
The depression continues
Upcoming SlideShare
Loading in...5
×

The depression continues

  • 84 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
84
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
0
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. The Depression Continues
  • 2. Wash, Rinse, Repeat  Because the Stock Market crashed, companies laid people off.  This made the surplus stock grow, because less Americans could buy companies’ items.  More people then went to the banks to withdraw all their money.  More layoffs
  • 3. Runs on the bank  When people ran to get to their money out of a bank, it was called a “run on the bank.”  Banks loan money out using the money put in.  When people took their money out suddenly, many banks had to close completely.
  • 4. Calling in the loan  At the same time, in an attempt to recoup the money they were losing, banks required people to pay ALL the money they were loaned or they would lose their house/car/etc.
  • 5. Continuing the Cycle  Unemployment and homelessness continued to increase, banks and businesses closed, and the economic depression in the U.S. then intensified the worldwide depression.
  • 6. A Change of Direction  Remember the Depression began in Europe.  Remember Europe owed America a great deal of money for loans during and after World War I.  Germany borrowed more money from the United States to pay back reperations.
  • 7. Taking these ideas global  Similar to how banks were treating American consumers, American banks and businesses that loaned Europe money began demanding their money back.  Many countries in Europe (Germany especially) suffered even more due to this.
  • 8. The Third World  Poor nations (Asia, Africa, and South America) are often called the Third World.  Countries in the Third World suffered because European and Americans stopped loaning and investing in them.
  • 9. Worldwide Depression  As these investments decreased, the economies in nations of these other continents began to suffer, and by the early 1930s the worldwide depression had begun.