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The great depression

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The Great Depression,[object Object],Submitted by: Charisse A. Caminong,[object Object],MGT 110/ BY02,[object Object],Prof. Quiogue,[object Object]
http://amreekandesi.com/wp-content/uploads/2009/02/great-depression.jpg,[object Object]
Depression vs. Recession,[object Object],Depression – a significant decline in the gross domestic product that lasts several years.,[object Object],Recession – a temporary downturn in economic activity usually indicated by two consecutive quarters of falling GDP.,[object Object],http://economics.about.com/cs/businesscycles/a/depressions.htm,[object Object]
Great Depression,[object Object],Originated in the U.S. starting with the fall in stock prices on Sept. 4, 1929 and became worldwide with the stock market crash on Oct. 29, 1929.,[object Object],Also known as the Wall Street Crash of 1929.,[object Object],Personal income, tax revenue, profit and prices dropped and unemployment in the U.S. rose to 25% and in some countries up to 33%.,[object Object],http://en.wikipedia.org/wiki/Great_Depression_in_the_United_States#Facts_and_figures,[object Object]
Cont.,[object Object],Some people blamed late President Herbert Hoover for the economic downturn. ,[object Object],After 3 years, Franklin Delano Roosevelt claimed the position of presidency introducing the program New Deal.,[object Object],AAA – Agricultural Adjustment Administration,[object Object],CCC – Civilian Conservation Corps,[object Object],WPA – Works Progress Administration,[object Object],http://history1900s.about.com/od/1930s/p/greatdepression.htm,[object Object]
Causes of the Great Depression,[object Object],The stock market crash of 1929.,[object Object],Major cause of the great depression and after 2 months stockholders lost more than $40B.,[object Object],Bank Failures,[object Object],Bank deposits were not insured and so people lost their savings and surviving banks would not let people create new loan.,[object Object],http://americanhistory.about.com/od/greatdepression/tp/greatdepression.htm,[object Object]

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The great depression

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