The Great Depression was caused by the stock market crash of 1929 and the following bank failures. As banks failed and people lost their savings, consumer spending declined sharply. This led to reduced production, mass unemployment, and further economic decline in a vicious cycle. The drought in the 1930s exacerbated the crisis by hurting farmers. President Hoover was initially hopeful the depression would end quickly but failed to turn the economy around. His successor, Franklin D. Roosevelt, introduced the New Deal which aimed to stimulate the economy through government work programs with some positive effects. The depression lasted until WWII mobilization increased production and jobs.

1. The Great Depression
By Angela Fasana

2. CAUSES
Of the great depression

3. The crash of wall street
Also known as black Thursday
28th of October 1929
Stocks dropped by 150 points
Biggest drop ever recorded
Caused by banks lending too much money

4. Banks fail
Banks were in debt
More then 9000 banks failed
People lost all their savings
remaining banks wouldn’t lend money anymore

5. No shopping
People had no money
The didn’t buy any goods
Shopkeepers didn’t earn anything
And a loop formed, going round and round

6. No trade with other
countries
High taxes were put on imports
To encourage people to buy American goods
Foreign goods were too expensive
Nobody bought it
Eventually trade stopped

7. Drought
Didn’t cause the depression but made things
worst
Happened in the Mississippi valley
Many had to sell their farms for little money
Farm goods became very expensive

8. PRESIDENTS
During the depression

9. Herbert
Hoover
• From 1929 to 1933
• republican
• 31st president of the US
• Was hopeful that the
depression would solve
quickly
• Created Hoovervilles

10. Franklin D.
Roosevelt
• From 1933 to 1945
• Democrat
• 32nd president of the US
• Tried to help the economy
• Created the New Deal

11. The new deal
Government funded projects
Were supposed to help the country get out of the
depression
Based on European style government
Has some positive effect

12. EFFECTS
Of the great depression

13. Lack of productivity
• The national product of the US dropped by 50%
• The hourly wages also dropped by 50%
• The unemployment t rate went up by 25% in four
years

14. Prices drop
People didn’t have money to buy things
So shopkeeper had to lower their prices
Many goods remained stored and unsold
Shopkeeper had to owner their prices
They didn’t have enough money to pay employs

15. Other countries
Affected
Italy
UK
Australia
Germany
France
• Had been given money
by the us to rebuild after
WWI.
• When the depression
started the US took the
money back
• Crisis in Germany
brought Hitler to power
Not Affected
Japan
China
Russia

16. End of the depression
POSSIBLE CAUSES
The New Deal
Some believe it ended the depression by giving jobs
WWII
It created jobs because rebuilding was necessary
It kick started the economy

17. THANK YOU
For watching