Transcript The Great Depression

The Great Depression
A Virtual
Field Trip
A Day of Reckoning
 On
Black Tuesday, October 24,
1929, the Stock Market collapsed.
Wall Street Stock-Market Crash Of 1929

The crash
precipitated the
Great
Depression, the
worst economic
downturn in the
history of the
United States.
A Day of Reckoning
 In the words
of a gray
haired Stock
Exchange
guard, "They
roared like a
lot of lions
and tigers.
A Day of Reckoning

They hollered and
screamed, they
clawed at one
another. The
trading floor of the
New York Stock
Exchange was
like a bunch of
crazy men.
A Day of Reckoning

Every once in a
while, when Radio
or Steel or Auburn
would take
another tumble,
you'd see some
poor devil
collapse and fall
to the floor."
Wall Street Stock-Market Crash Of 1929

The stock
market was in
shambles.
Many banks
couldn't
continue to
operate.
Farmers fell
into
bankruptcy.
Outcomes of the Crash
 The Wall
Street Crash
brought the
Roaring
Twenties to an
end and led to
a Depression
in America.
The Lowest Point

The Great Depression was probably
the lowest point in American
economic history.
Wall Street Stock-Market Crash Of 1929
 It
had
devastating
effects on
the country.
The Lowest Point

In fact, it was
so bad that
most of the
world was
hurt
economically
at the time.
Stocks
 One of the
reasons this
happened was
how people
had invested
in stocks
during the
1920s.
Foolish Investments

Many people
used credit
to invest,
and some
companies
they
invested in
were
worthless.
Foolish Investments

When investors
started to wise up,
lots of people sold
stock quickly, the
prices went down
fast, and almost
everybody lost
money.
1930s

The 1930s were
times of great
depression
resulting in
sweeping
changes.
Wall Street Stock-Market Crash Of 1929
 A quarter of
the working
force, or 13
million people,
were
unemployed in
1932, and this
was only the
beginning.
Out of Business!

Many
companies went
out of business,
and by 1933,
one out of every
four people in
America had
lost his or her
job.
A Way Out

Financial
institutions
collapsed.
Starving People

Some people
starved trying
to find work,
while others
did all they
could to just
hang on a little
longer. Some
could only find
food in soup
lines.
New Deal

When Franklin D.
Roosevelt accepted
the Democratic
nomination for
president of the United
States in 1932, he
pledged to create "...a
new deal for the
American people."
New Deal

The New Deal
became the
term that
described all of
Roosevelt's
later efforts to
help the tens of
millions of
people.

The New Deal developed government
programs to help the needy.
A Way Out

It wasn't until
World War II
started that the
U.S. and world
economies
straightened
out.