Causes of the Great Depression - PowerPoint PPT Presentation

Loading...

PPT – Causes of the Great Depression PowerPoint presentation | free to download - id: 848d89-MjRmY



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Causes of the Great Depression

Description:

Causes of the Great Depression Homburg Inflation Most Europeans countries emerged from WWI with inflated currencies After German hyper-inflation, Europeans feared ... – PowerPoint PPT presentation

Number of Views:64
Avg rating:3.0/5.0
Slides: 19
Provided by: bob1336
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Causes of the Great Depression


1
Causes of the Great Depression
  • Homburg

2
Inflation
  • Most Europeans countries emerged from WWI with
    inflated currencies
  • After German hyper-inflation, Europeans feared
    inflation as a source of social and political
    instability.
  • Most European governments refused to run budget
    deficits when the depression struck

3
German economy
  • 1914- German Mark was 5 to 1
  • 1922- German Mark was 162 to 1
  • End of 1922- Mark was 7000 to 1
  • 1923- German Mark was 294,000 to 1
  • End of 1923- Mark was 4.4 trillion to 1!!!

4
(No Transcript)
5
(No Transcript)
6
Definitions
  • Gross Domestic Product (GDP)-  refers to the
    market value of all final goods and services
    produced within a country in a given period.
  • Recession- Decline in Gross Domestic Product
    (GDP) for two or more quarters
  • Depression- Economic downturn where GDP declines
    by more than 10

7
  • The depression originated in the U.S. starting
    with the stock market crash of 1929. It quickly
    spread to almost every country in the world
  • GDP declined by more than 30 percent from 1929-33
  • Unemployment in the U.S. rose to 25
  • Crop prices fell by 60

8
U.S. Stock Market Crash 1929
  • Share prices were rising throughout the 1920s.
    People speculated prices would rise further
  • Many people borrowed money to buy more stocks
  • The market turned and people began panic selling

9
(No Transcript)
10
Agriculture Problems
  • Agricultural problems- better farming and
    transportation led to increased supply and lower
    prices
  • Tariffs often prevented the export of grain among
    European countries
  • Farmers would borrow money to buy machinery and
    land, they could not make payments because of
    falling prices

11
GDP
12
(No Transcript)
13
Unemployment
14
(No Transcript)
15
  • A recession is when your neighbor loses his job.
    A depression is when you lose yours. (Ronald
    Regan)

16
The Great Depression vs. The Great Recession
17
  • The Great Depression
  • GDP declined by more than 30 percent from 1929-33
  • Unemployment in the U.S. rose to 25
  • The Great Recession
  • 8.4 million job losses
  • Unemployment in the U.S. is 8.5-15.6
  • GDP declined by as much as 2.9

18
John Maynard Keynes
About PowerShow.com