Worldwide Depression

1
Worldwide Depression- The Great Depression of
1929-1939
By Jessica Gregory And Patrick Franco
2
The Roaring 20s

• In the 1920s , there was an overproduction of
  manufactured goods. As a result, there were
  workers being paid good wages and they were
  spending more which increased the prices on these
  goods that is known as Supply and Demand. There
  were people who lived extravagant lives. They buy
  things on credit or with money earned in a
  booming stock market and that is known as the
  Roaring 20s.

3
The U.S. Economy

• In the United States after World War I, the
  booming stock market disguised many important
  problems in the 1920s. There were vital
  industries and agriculture that were in trouble.
  On the farms , farmers received low prices for
  their crops. Many couldnt pay the mortgages.
  There were mortgage payments for their income
  failed. A weakness in the U.S. economy was the
  growing trend among Americans buying things on
  credit.

4
The Great Stock Market Crash of October1929

• Do you know anyone who buys anything on credit?
  There were many people who were unable to keep up
  with their payments. Less and less money began to
  circulate. Manufacturers and banks went out of
  business.

5
The Great Stock Market Crash of October 1929

• The Great Stock Market Crash of October 1929,
  Known as Black Tuesday, speeded up the
  economic decline. Many of the investors bought
  stocks on margin. This meant that they bought
  stock on credit.

6
The Great Stock Market Crash of October 1929

• So when the stock prices terrified began to fall,
  investors were of not only of losing large sums
  of money that they bad already invested, but
  also of being saddled by huge debts.

7
The Great Stock Market Crash of October 1929
Millions were ruined as they found themselves
either the owners of a worthless stock or losers
of forfeited stock. Fortunes of the wealthy were
wiped out as well as the savings of the middle
class workers.
8
summary

• The document was about the disaster that WW1
  caused to the stocks as well as the businesses
  during the world between wars. The American
  economy backfired and people who were once
  wealthy became poor and people who were saving up
  lost their savings. The stock market crash of
  1929 was the worst time that America went through.