The document provides an overview of the causes and results of the Great Depression between 1929-World War II. The key causes included the US economy's influence on world trade and loans which destabilized when the US stock market crashed in 1929. This led European economies to fail as they were unable to pay back loans to the US. As a result, unemployment rose to 30% in some nations, thousands of banks failed, global trade declined sharply, and agricultural and industrial production plummeted worldwide.

1. A BRIEF Look at the
Global Economic Depression
“The Great Depression”
Beginning in 1929 and
lasting into World War II

2. the
Global Economic Depression
“The Great Depression”
Causes & Results

3. Causes of the Depression of the 1930s
1. World economy was heavily
influenced by US loans and trade during
& after WWI.
In the 1920s, the US economy boomed …but
• industry & agriculture overproduced as
European nations rebounded after WWI
which caused prices to decline &
unemployment to increase
• demand decreased for consumer goods (gap
between rich and poor in the US)

4. 2. the American stock market “crashed” &
businesses & banks began to fail

5. • 3. Demands for
payments by the US on
international loans and
reparations destabilized
European economies.

6. The Results of the Great Depression
1. Banks failed . . .
– Austria’s national bank
went bankrupt
– All German banks closed
for a month
– Over 2000 banks failed in
the US
2. Agricultural and
Industrial production
dropped

8. 3. Unemployment
increased and wages
dropped
– In US and Germany
unemployment reached
30%
– In Britain 2.8 million
were unemployed
4. Global Trade slowed
– Value of exports from
Latin America dropped
50%
– Southeast Asian rubber
exports dropped over
50%
– Japan’s total exports