The Great Depression

1
The Great Depression

• Jeremy Rabaino
• Jose Morales
• Xochilt Yahuaca
• Gabby Velazquez

2
Causes of the Great Depression

• Multiple Theories
• Postwar Debts
• Marxist Economics
• Stock Market Crash

3
Postwar Debts

• After World War I, many countries were in debt.
  The victors of the First World War needed money
  and needed a loan from the United States.

4
Marxist Economics

• A rise in wages leads people to believe that they
  should use fewer resources. Production is lowered
  due to profits, which causes unemployment.
  Unemployment worsens the level of under
  consumption.

5
Stock Market Crash

• In 1929, share prices in the stock market dropped
  tremendously which set off a chain of
  bankruptcies. The crash shook economics
  worldwide, and even affected countries over seas.
  The crash is also known as Black Tuesday.

6
International Effects

• Germany suffered from hyperinflation, which is an
  uncontrollable rise in prices.
• The United States raised its import duties, as
  did other countries. The high taxed reduced world
  trade by 62. Asia depended on raw supplies from
  the United States.

7
Life During The Depression

• Life in the 1930s was unbearable. Many families
  were evicted from their homes and moved to the
  West Coast in search of work. The migrants were
  discriminated by offensive terms such as Okies
  and Arkies.

8
The End Of The Depression

• In 1935, Roosevelt laid out a plan to stabilize
  the U.S. economics called the New Deal. The
  First New Deal was self-contradictory, pragmatic,
  and experimental. There were three steps on the
  road to balance economics Reform, Recovery and
  Relief.

9
Works Cited

• Causes of The Great Depression. 9 Dec. 2005.
• Wikipedia. 5 Dec. 2005     
• lthttp//en.wikipedia.org/wiki/Causes_of_the_Great_
  Depressiongt.
• The Great Depression. 9 Dec. 2005.
• Wikipedia. 5 Dec. 2005    
• lthttp//en.wikipedia.org/wiki/Great_depressiongt