6. 1. **Mass Unemployment:** Explore the staggering rise in joblessness as businesses collapsed, leaving
millions without work.
2. **Bank Failures:** Discuss the widespread closure of banks, leading to a severe financial crisis and loss
of savings for many Americans.
3. **Poverty and Homelessness:** Highlight the drastic increase in poverty levels and the surge in
homelessness during this challenging period.
4. **Industrial Decline:** Examine the impact on industries, such as manufacturing and agriculture, as
demand plummeted and production sharply declined.
5. **Trade Decline:** Explore how international trade slumped, contributing to the economic downturn as
global markets contracted.
6. **Housing Crisis:** Discuss the housing market collapse and the widespread foreclosure of homes,
forcing families into dire living conditions.
7. Stock Market Crash of “The Wall
Street” Resulted “The Great
Depression Era of 1929”
The Wall Street Crash of 1929 marked a catastrophic financial downturn in the United
States. It involved a rapid and severe decline in stock prices, leading to widespread
economic hardship. The crash triggered the Great Depression, characterized by mass
unemployment, bank failures, and a profound impact on global economies. The event
revealed vulnerabilities in the financial system and prompted significant government
intervention to stabilize the economy.
The Wall Street Crash of 1929 resulted from a speculative frenzy, inflated stock values,
and inadequate market oversight. As optimism turned to panic, investors rapidly sold off
stocks, causing a devastating market collapse. The absence of effective regulatory
measures amplified the impact, triggering a chain reaction of bank failures,
unemployment, and the onset of the Great Depression.
8. Era of Great Economic Depression
Began
The onset of the Great Depression can be traced back to the dramatic events
surrounding the Wall Street Crash of 1929. In the Roaring Twenties, a period of
economic prosperity and booming stock market speculation, investors engaged in
reckless buying, often on margin, contributing to an unsustainable bubble. However, on
October 29, 1929, this bubble burst, and the New York Stock Exchange experienced a
catastrophic collapse. The ensuing panic prompted a massive sell-off, erasing vast
amounts of wealth in a matter of days. The repercussions were felt far beyond Wall
Street, as banks failed, businesses shuttered, and unemployment surged. The absence
of effective regulatory mechanisms exacerbated the crisis, setting the stage for a
prolonged period of economic hardship and social upheaval known as the Great
Depression.
9. Timeline
Stock Market
Crash of 1929
On October 24,1929”Black
Thursday ” Stock Market crash
begins
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