Your SlideShare is downloading. ×
Worst banking crises in history
Worst banking crises in history
Worst banking crises in history
Worst banking crises in history
Worst banking crises in history
Worst banking crises in history
Worst banking crises in history
Worst banking crises in history
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Worst banking crises in history

543

Published on

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
543
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
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. Worst Banking Crises in History: Great Depression By GorillaPay.netMerchant Account Providers
  • 2. Learn From Our Mistakes • Seeing as we are experiencing the after effects of two crises in less than a decade, it would do well for everyone to learn from our mistakes.Merchant Account Providers
  • 3. The Great Depression • It is known as the worst financial crisis in our history, and hopefully it never will get worse than that. • It lasted for more than a decade in some parts of the world and caused unemployment to reach record heights of upwards of 25%Merchant Account Providers
  • 4. Causes of the Great Depression • Stock Market Crash • Bank Failures • Great Mississippi Valley DroughtMerchant Account Providers
  • 5. Stock Market Crash • In 1930 the U.S. stock market fell from a peak of nearly 400 points to close to 200 points in little more than a month. • This enormous plunge in the market, some say, was a symptom rather than a cause. • What they all agree upon, however, is that it was a starting point; a starting point that cost investors 4 billion dollars.Merchant Account Providers
  • 6. Bank Failures • Over 9,000 banks failed throughout the 1930s. • When the banks failed, people lost their savings and therefore stopped spending. • Banks that were able to pull through the crash and subsequent years stopped loaning new money and therefore decreased influx of money again.Merchant Account Providers
  • 7. Great Mississippi Valley Drought • This drought was of such large proportion and wide spread influence that many farms went bankrupt. • These farms were either seized or sold for no profit. Those that did survive had to cut employees, labor, and productivity to minimums; once again reducing expenditures.Merchant Account Providers
  • 8. Hopefully, it Won’t Happen Again • If it is always there so say about the great depression is that we do not want this to happen again to any of us. • We have to learn from our mistakes and not let them happen ever again.Merchant Account Providers

×