The Great Depression

1. The Great Depression By: Monica Alabado,Elizabeth Zin, Victor Santiago, and Jan Mercardo

2. What is the Great Depression? The Great Depression was the world-wide economic slump which began in the US following the wall street crash of October 1929, and put hundreds of millions out of work across the capitalist world throughout the 1930s.

3. Information about the Great Depression Great Depression took place from 1930 to 1939. Stock fail 40% & 9,000 banks went out of business. 9 million saving accounts were wiped out 86,000 businesses failed. Unemployment rate went from 9% to 25%. 15 million jobless people.

4. Causes of the Great Depression Unequal distribution of wealth. High tariffs and war debts. Over production in industry and agriculture. Stock market crash and financial panic.

5. Effects on the Great Depression Widespread hunger, poverty, and unemployment. Worldwide economic crisis. Democratic victory in 1232 election. FDR�s New Deal.

6. Problem of the Great Depression Thousand went hungry. Living conditions changed when multiple families crowded into small houses or apartment. Divorce went down because couples could not afford separate household and others postponed wedding plans.

7. Stock Market Crash Stock Market Crash that began on a black Friday in October 1929. 16,000,000 shares were sold. Prices on the stock market collapsed completely. When the value of stocks fell, those who had invested in them lost money.

8. New Deal �New Deal�was the program on which Franklin D. Roosevelt was involved.This state to reduce unemployment,introduce welfare for the poor and deal with the difficulties of the Great Depression.

9. President Hoover Hoover took office in March 1929 and he was involve in the Great Depression. He believed that state and local government should help those in need. His idea was to help business recover so that they could provide jobs for the unemployed.

10. Primary Source �I saw and approached the hungry and desperate mother, as if drawn by a magnet. I do not remember how I explained my presence or my camera to her, but I do remember she asked me no questions. I made five exposures, working closer and closer from the same direction. I did not ask her name or her history. She told me her age, that she was thirty-two. She said that they had been living on frozen vegetables from the surrounding fields, and birds that the children killed. She had just sold the tires from her car to buy food. There she sat in that lean- to tent with her children huddled around her, and seemed to know that my pictures might help her, and so she helped me.�

11. Timeline 1920:An average of 600 banks failed each year. 1929:The Stock Market crashes and the start of the Great Depression. 1932:Many banks close and unemployment is 25%. 1933:The New Deal starts. 1939: Banks become more profitable and fewer banks fail.

12. Key Point Summary The Great Depression effected the entire nation because of the economic problem. People were afraid of losing jobs and unemployment cause people to became depressed. Thousands of people went starvation and attempted suicide. When the economic was down building closed, lots of produced that no profits because of unemployment and people didn�t have money. The Great Depression is one of the most tragic and saddest year in our history.