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Great Depression (1929-1939)
 

Great Depression (1929-1939)

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    Great Depression (1929-1939) Great Depression (1929-1939) Presentation Transcript

    • The Great Depression (1929 – 1939)
    • Causes• grossly inflated stock projections• buying stocks on credit• increased spending on credit• massive simultaneous stock withdrawals• massive bank withdrawals
    • International Effects• U.S. owned much of world’s debt• Germany – hyperinflation, high unemployment• Japan – forced banks to close• Great Britain – decreased spending, high unemployment
    • U.S. Responses• Smoot-Hawley Tariff Act – backfired• increased government spending• New Deal – public works programs – money for welfare programs – new regulations protecting banks and the stock market