world History -HIS205 (NSU)

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The Great
Depression
Name
Md. Ashraful Amin Emon
Mehnaj Jabeen Tisha
Sornaly Ahmed
Supriya Saha
Yaron Nezleen Amin

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The Great depression

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Introduction
 Economical depression refers to economical downturn.
 Economical depression in USA was Worst economic downturn in the history of the
industrialized world.
 Occurred in USA but influenced the world economy.
 Called Great Economical Depression for its global impact.
 Timeline is from 1929 to 1939
 By, 1933 15 million unemployed Americans
 There were some domestic and global reasons behind it.
 There were serious social, cultural, economic, political and other impacts due to it.
 It was a curse for the entire world.

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• worst economic downturn
• stock market crash
• wiped out of investors
• steep declines in industrial output
• curse for world economy
• devastated the U.S . Economy
• homelessness increased
• unemployment rose up
Background History

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• Stock Market Crash in USA
• Bank Failures in USA
• Drought conditions in USA
Causes of Great Depression

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• Economic Policies
• Job Less People
• Collapse in Investment
• Gold Standard

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Social and culture effects of
great depression
1. The great depression brought a rapid
rise in the crime-rate
2. Health care in general not a priority
for Americans
3. Higher education remained out of
reach for many Americans
4. Divorce rate dropped steadily.
5. There were many classic films that
debuted and books that got published
during the time of great depression
like FRANKSTEIN, IT
HAPPENED IN ONE NIGHT and
GONE WITH THE WIND.

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IMPACTS
• 1.Declining of
Economy
• 2.Political
• 3.Social
• 4.Long Term
Impact

9. ECONOMICA
L IMPACTS
• Unemployment rose to 25%
• Farmers lost their lands
• Devastated US economy -
Housing prices plummeted
30%, international trade
collapsed by 65%, and prices
fell 10% per year.
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Unemployment Rate rises
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NET EXPORTS BECOME NEGATIVE
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US INVESTMENT PURCHASES DECREASES
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NEGATIVE RATE OF INFLATION
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ULTIMATELY GDP DECREASES
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15. POLITICAL IMPACTS
•Election of Franklin D. Roosevelt in 1932
•Affected politics by shaking confidence in unfettered capitalism
•Laissez –faire economics advocated by President Herbert Hoover failed
•Franklin Roosevelt’s Keynesian economics promised that government
spending would end the Depression.
•The New Deal worked. In 1934, the economy grew 10.8% and
unemployment declined.

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1.New Deal
2.World War II
Closure and conclusion
The great depression was a time of
miseries. Many Americans got
affected. Financial and agricultural
decline deeply injured, America and
its people along with the world. So it
was surely like a nightmare that the
world want to never see again.