1. The Great Depression
• Submitted to: Ms Parul Sood
• Submitted by: Yash Srivastava
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2. Bad News !!!!
Did you put your money in the bank? Did you reinvest it? Did you spent it on
lavish things ?
Lets now assume the year in 1929 rather than 2022 and examine the monetary
choices you made .
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3. The beginning of the Great Depression:
BLACK THURSDAY and BLACK TUESDAY
• On October 29 ,1929 the prices of stock suddenly
plunged and within hours investors lost more than
$ 5 billion. This day is called as BLACK THURSDAY.
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4. The Great Depression
Worst longest economic collapse in the history of the modern industrial world , lasting
from the end of 1929 until the early 1940s.
Beginning in the United States , the depression spread to most of the world industrial
countries , which in the 20th century had become economically dependent on one another.
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5. Effects of the great depression…….
rapid decline in the production /sale of goods .
a sudden, severe rise in unemployment; In 1933 at the worst point in the depression ,
15 million Americans i.e, one-quarter of the nations workforce- was unemployed.
Business and banks closed their doors.
People lost their jobs , homes , and savings
Many depended on charity to survive.
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6. What caused the Great Depression ?
International problem weekend the economy .
After world war 1 the United States became the worlds chief creditor as European country struggled to pay war debts .
These huge debts made the international banking structure extremely unstable by the late 1920s.
American farmers –who represented one quarter of the economy-were already in the economic depression
during the 1920s, which made it difficult to take part in the consumer buying spree.
farmer had expanded their output during World War 1, when demand for farm goods was high and production in Europe was cut sharply.
But after the war , farmer found themselves competing in an oversupplied international market.
Prices fell , and farmers were often unable to sell their products for a profit.
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7. Advantages …….
• UNDERNEATH the misery of the great depression ,the united states
economy was quietly making enormous strides during the 1930s .
Television and Nylon stockings were invented . Refrigerator
and washing machines turned into mass- market products .
Railroads became faster and roads smoother and wider.
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8. Limitations …..
• Unempoyment rose to 25 % and homelessness increased
• Housing prices plummeted , international trade collapsed and deflation soared.
• It took 25 years for the stock market to recover .
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9. Conclusion…….
1929-1941. The longest and the deepest
downturn in the history of the united states and
the modern industrial economy lasted more
then decade , beginning in 1929and ending
during World War 2 in 1941 .
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10. Thankyou all for your cooperation…
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