The Great Depression

1. The Great Depression
1929-1939

2. The Start of the Great Depression
 The Great Depression was caused by
a crash in the stock market in 1929.
 When the stock market crashed,
masses of people went to draw
money out of the banks; the banks
did not have enough money for all of
the withdraws causing the banks to
close their doors.
 With the banks closed, people lost
their money.
 Over 9,000 banks failed in the 1930’s.
Those that survived were scared to
loan money out.

3. Struggles of the Great
Depression
 With banks not loaning out money,
businesses did not have as much means to
use for production, and with people having
no money, they produced less.
 Rapidly people were being laid off and were
forced to move from their homes in search of
work or because they could no longer afford
it.
 At its highest peak 13 million Americans were
unemployed.
 Families who had to move were forced to live
in shantytowns outside of the cities in what
were named Hoovervilles after President
Herbert Hoover who the people thought was
neglecting them.
 Thousands of people were forced to stand in
bread lines in order to avoid starvation.

4. Breadlines During The Great Depression
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5. The End of the Great Depression
 On the outside it seemed as though WWII was the end of the Great Depression. 12
million people were enlisted in to the American Armed Forces and just as many
had defense related jobs.
 However it is said that the start of WWII and government mandated jobs such as
road construction pulled many people out of unemployment.
 What effects of the Great Depression do we still see today?
 Medicare and Medicaid
 The FDIC was put into place
 The Blues became a popular music choice
 Stock Market Regulations