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The Roaring Twenties and the economic crisis d ) The causes of the De pression

The Roaring Twenties and the economic crisis d ) The causes of the De pression. d) The causes of the De pression. Prosperity of the 20s hid serious problems:. d) The causes of the De pression. Confidence without foundation: The population had a mentality of

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The Roaring Twenties and the economic crisis d ) The causes of the De pression

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  1. The Roaring Twenties and the economic crisisd) The causes of the Depression

  2. d) The causes of the Depression • Prosperity of the 20s hid serious problems:

  3. d) The causes of the Depression • Confidence without foundation: • The population had a mentality of “ “ • This optimism was encouraged by the media and politicians • Unfortunately, all the new luxuries of the "Roaring Twenties" led to _______________________________

  4. d) The causes of the Depression • Despite a steady paycheck, bank credit had to finance, more and more, purchases of population. • Therefore, a considerable debt was disastrous

  5. d) The causes of the Depression • ________________________________________________________________________________________________ • _________________ pushes the value of the shares higher • In the fall of 1929, the value of the shares on the Stock Exchange is no longer in relation to their actual value • ______________________________________________

  6. d) The causes of the Depression 2. Overproduction: • During the boom years, companies have increased their production through new technologies. • __________________________________________________________________________________________________________________

  7. d) The causes of the Depression Consequences:

  8. d) The causes of the Depression 3. Speculation in the stock market: • ________________________________________________________________________________________________ • Many underestimate the risks • ________________________________________________________________________________________________ • Buy more shares for the sole purpose of selling them as soon as possible at a higher price; that is speculation

  9. d) The causes of the Depression • ________________________________________________________________________________________________ • Strong demand pushes the value of the shares higher ________________________________________________________________________________________________ • By the end of October, prices began to fall sharply

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