Great Depression

U.S.A.

Contents
Description
Social, Economic and Political Effects: USA
The Great Depression
Black Tuesday and Black Thursday
Recovery
References

The Crisis
The Great Depression was a severe period
of worldwide economic crisis, in the years
preceding the World War II.
It was the longest, most widespread and
deep crisis in the 20th century.

S.E.P. Consequences

Higher crime rate

Suicides

Malnutrition

Education was not a government priority

+ Labor unions

+ Development of a Welfare State

S.E.P. Consequences
Trade Collapse
Reduction in government spending
Employee distress
Breakdown of the
Financial machinery
Effect on Agriculture

How it began
Firstly, with the found of gold in Alaska, South America
and Canada the U.S. who held the gold standard at the
time received a great influx of wealth.
This led to consumer confidence and the people found
that investing in the stock market was a great
opportunity to become rich quickly.

Preamble
As the economic situation was doing better and
better, getting a loan was relatively easy and
people started asking for loans to invest the money
in the stock market.
A great amount of money was invested in the stock
market and the economy grew to a point never
seen before.

1920s Peak

Fragile Situation

People invested money that they didnt

actually have

The money sitting in stocks and shares

exceeded the circulating money.

Eventually the people

sell
their shares to pay
would have to

for their loans.

Black Thursday
On the morning of Thursday, October 24,
1929, stock prices dropped. Too many
people were selling their stocks.
12.9 million shares were sold.
>Emergency bailouts
>Recovery

Black Tuesday
October 29, 1929, "Black Tuesday", is
known as the worst day in stock market
history.
Since everyone was selling and nearly no
one was buying, stock prices collapsed.

Over 16.4
million shares
of stock were
sold.

CRISIS 1929-1939

The New Deal

Civil Conservation Corps
Works Progress Administration
National Industrial Recovery Act
National Recovery
Administration
Federal Emergency Relief
Administration
Home Owners Loan Corporation

Franklin D. Roosevelt

Relief, Recovery and Reform

World War II:

The

way out of the crisis

References
http://history1900s.about.com/od/1930s/p/greatd
epression.htm
http://wiki.answers.com/Q/Why_did_the_stock_ma
rket_crash_in_1929
http://thehistoryofthestockmarket.tripod.com/bla
ck-tuesday-and-black-thursday.html
http://history1900s.about.com/od/1920s/a/stock
crash1929.htm
http://www.stock-market-crash.net/1929-crash/
http://www.buzzle.com/articles/effects-of-the-gre
at-depression.html
http://budgeting.thenest.com/difference-between