The causes of the Great Depression-
What are the causes of the Great Depression?
Stock Market Crash
Overproduction
Dust Bowl
Bank Failure
Stock market crash
People started investing money that they didn't have.
There was about 40 billion dollars lost
Led to Black Tuesday.
Led to many banks closing down forever.
Bank Failure
About 9,000 banks failed
Banks were using money that they didn't have
Worried people tried to get their money back.
Bad Bankig practices.
Overproduction
All prices started to fall
This led to unemplyment
No one would by anything, so people started getting fired.
Dust Bowl
There were bad farming methods
Light Topsoil
Aeolian Processess
Dirty 30's
Tuesday: The 1930's continued to present.
Impact the Great Depression had on People
What impacted the United States during the Great Depression.
Impacts
Delines in output
Many people lost their savings becasue banks closed down.
Lots of deflation happened.
Suicide Rate
In 1920 Suicide rates jumped over 20%
Highest rate went up on a 4 year period.
Unemployment rate
Highest rate of unemployment was 25 percent.
Jumped in the 1940's. Unemployment rate went down.
Crime rate
It started high at first (Early 1930's)
Once unemployment rate went down, crime rate went down as well.
Hooverville
A town that was made out of cardboard boxes. These people lost all of their money and lived here.
Wednesday- 1930's continued to present.
Continuation of Tuesday
Apple stands
Poor people would sell apples for money and use that money.
This was for the people that could not make money.
Herbert Hoover
What impact did Hoover have on the economy
Why did people dislike Hoover?
Hoover
He grew up poor
Believed that if he worked hard, he would become rich
At first, he thought the Governmnet would fix itself.
The Hoover Dam was built durning this time.
President Election
1932 election- Franklin D. Roosevelt
His vice president- Nance Garner
Roossvelt main goal was to increase employment and bring america back to greatness
Employment went 38% to 4% before his 1945
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