The Great Depression lasted from 1929 to 1939 and was caused by the stock market crash of 1929. The crash sent panic on Wall Street and wiped out many investors. Over subsequent years, consumer spending and investment dropped sharply. By 1933 unemployment had reached about 25% and GDP dropped nearly 30%. The effects of the economic crisis were felt worldwide as other nations also experienced declines in production, falling prices, stock market collapses, rising unemployment, and increased bankruptcies. The Great Depression marked the worst economic downturn in modern history, with millions unemployed in the US and many living in poverty in shantytowns. The Depression ultimately ended during World War II as war spending revived the economy and reduced unemployment.

1. THE GREAT
DEPRESSION
BY: Michael Grade 11

2. What was The Great Depression
 The Great Depression was the worst economic downturn in the history of
the industrialized world.
 It lasted from the stock market crash of 1929 to 1939.

3. What caused The Great Depression
 It began after the stock market crash of October 1929,
 Sent panic to the Wall Street and wiped out millions of investors.
 Over several years:
 consumer spending and investment dropped
 By 1933, when the Great Depression reached its lowest point,

4. Where/ Who was it caused by
 The stock market, centered at the New York Stock Exchange on Wall Street
in New York City
 There was a scene reckless speculation where everyone from millionaire
tycoons to cooks and janitors poured their savings into stocks.
 Result of that was that the stock market underwent rapid expansion and
reached it peak in August 1929

5. Other countries
 During those production crisis in the US other countries also faced similar
crisis.
 Countries like Austria, United Kingdom, Germany, France and Italy faced:
 Drastic decline in production
 Fall in prices
 Collapses in the stock market
 Increase in unemployment
 Bankruptcies

6. Effect of the Great Depression
 some 15 million Americans were unemployed and nearly half the country’s
banks had failed.
 Caused steep declines in industrial output and employment as failing
companies laid off workers
 By 1933
 9,000 banks failed
 30,000 companies went out of business
 12 million people had no work
 Income dropped from $2,300 to $1,600

7. Life during the Great Depression
 People were evicted from their homes ended up in the streets
 The poor dug through garbage cans or begged
 Many people were forced to build shacks out of scrap material in which to
live
 The place was called shantytowns which consisted of little shacks where poor
people across the nation.
 Line of people waiting to receive food from charity became a common
sight.

9. How it ended
 The Great Depression ended with the arrival of the World War II.
 Government spending on the war accelerated the recovery from the Great
Depression and reduced unemployment.
 The factories had to make supplies for the war so business started to become
busy once again.
 A lot of factories closed during the Great Depression had to be reopened.

10. THANK YOU