The Great Depression

1
The Great Depression
The Great Depression
The Great Depression
The Great Depression

• By
• Trenton Albrecht

2
Leading to Depression
3
Markets worsen

• Interest rates lowered
• More investment in stocks
• Market is based on false money
• More supply than demand

4
Black Thursday

• October 24, 1929
• Stock markets crash
• Decline by 80 by 1932
• Were booming in the early twenties

5
Banks collapse

• 600 per year in the twenties
• 11,000 from 1929-1932
• Business frauds revealed

6
Policies are Harmful

• Tight money policy
• Increased tariffs
• Chained out to other countries
• Hurt the economy in the end

7
The Dirty Thirties

• Abundance of extremes in the midwest
• Tornadoes
• Droughts
• Blizzards
• Dust storms

8
The Depression Peaks
9
Health Impacts

• Many are hungry
• Inadequate medical care
• Had to provide for themselves

10
Unemployment

• 25 are unemployed
• 15-25 in other countries
• Especially in Germany
• Hitler promised to fix

11
Deflation

• Money deflates by 30
• Lowered consumer confidence
• Money is saved up

12
Presidents

• Hoover
• Monetarist
• We would recover naturally

• Roosevelt
• Keynesian
• We needed government intervention

13
Coming Out of the Depression
Dumb holes
14
Sweden beats us all!!!

• Sweden comes out of the depression from its
  liberal government. In 1932, Labor returned to
  power. The Swedish Finance Minister was heavily
  influenced by a group of economists led by Gunnar
  Myrdal, who had been advocating Keynesian-like
  solutions for years. The Labor government
  promptly ran large deficits, and within two years
  had spent itself out of the Depression.

15
The New Deal

• Set of programs by Roosevelt
• Started government programs to create new jobs
• Part of Roosevelts 100 days

IT'S NEW!!
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World War II Saves Us

• Brings new jobs in the military
• Helps create world-wide expansion
• Increases consumer confidence
• Recession ends

17
What a bunch of losers

• Alarmed by Roosevelt's plan to redistribute
  wealth from the rich to the poor, a group of
  millionaire businessmen, led by the Du Pont and
  J.P. Morgan empires, plans to overthrow Roosevelt
  with a military coup and install a fascist
  government. The businessmen try to recruit
  General Smedley Butler, promising him an army of
  500,000, unlimited financial backing and generous
  media spin control. The plot is foiled when
  Butler reports it to Congress

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Have a nice day!!!(or else)Typing this at
945 11-23-2003I bet I am vastly over time by
now I am a horrible studentI put a bribe in
the Kleenex box Mrs. Decker!