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The Great Depression

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The Great Depression Dates: 1929-1941 The period of economic hard times that followed the Great Stock Market Crash of 1929 Prosperity of the 1920 s hid weaknesses ... – PowerPoint PPT presentation

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Title: The Great Depression


1
The Great Depression
  • Dates 1929-1941
  • The period of economic hard times that followed
    the Great Stock Market Crash of 1929
  • Prosperity of the 1920s hid weaknesses in the
    economy

2
The Election of 1928
  • Calvin Coolidge chose not to run for a second
    term
  • Republican Herbert Hoover won election

3
Signs of Economic Trouble
  • Clothing Industry ? no more elaborate dresses
  • Coal Mining ? dwindling demand
  • Rail Roads ? cars were more popular
  • Farmers ? post WWI demand decrease rising debt

4
Compare
  • The 1920s
  • Booming!
  • Low unemployment rates 2-3
  • The 1930s
  • Busting!
  • High unemployment rates 7-10

5
The Economic Cycle
6
The Crash
  • By August 1929, some investors worried that the
    boom would soon end.
  • Investors Panicked and began selling their stock.
  • This increase in selling caused the stock prices
    to fall.

7
The Crash
  • Black Thursday
  • October 24, 1929
  • Marked the beginning of the stock market crash
  • Black Tuesday
  • October 29,1929.
  • Marked the heaviest day of selling stocks.
  • Stocks became worthless

8
New York Stock Exchange
9
Buying on Margin
  • 1. Occurs when an investor does not have enough
    money to buy stocks
  • 2. Investors pay only part of the cost of the
    stock when investors make the purchase, borrowing
    the rest from their stockbroker.

10
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11
The Great Depression
  • Causes
  • 1. Overproduction
  • 2. Wages did not keep up with prices (inflation)
  • 3. People were not buying goods
  • 4. Factories closed or laid off workers
  • 5. Weakness in the banking system

12
Impact the Depression had on Families
  • Unemployment soared
  • Less work hours
  • Pay Cuts
  • Many jobless lost their homes ? Hoovervilles and
    Hobos
  • Selling random items on the street
  • Beggars for money
  • Pick through garbage
  • Marriage and birthrate dropped
  • Families split up
  • Drifters
  • Children stopped going to school
  • People went hungry

13
Bread Line
14
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