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E GREAT DEPRESSION

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Page 1: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

THE GREAT DEPRESSION

Page 2: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

LIST OF CAUSES

•Black Tuesday/Thursday

• Farmers

•Banks

•Government Response

• Tariffs

Page 3: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

“BLACK THURSDAY ”

• October 24, 1929

• Stock prices initially “crashed”

• Slightly recovered

Page 4: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

BLACK TUESDAY

• October 29,1929

• “Official/Final” Crash- Prices did not recover

• $25 Billion lost immediately~ $319 Billion in today’s money

Page 5: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

WHY DID THIS HAPPEN?

• Farmers heavily affected during the “roaring” 20s

• Production remained the same/increased

Page 6: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

BANKS

• Numerous banks “failed”- Went out of business

• Many people lost all of their money

Page 7: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

POOR GOVERNMENT RESPONSE

• Poorly managed

• Hoover believed that the country would repair itself

Page 8: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

TARIFFS

• A tax on imported goods

• Many politicians believed that tariffs were the best thing for our economy by protecting against foreign imports

• Made problems worse as foreign countries entered the depression too.

Page 9: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

DESPAIR!!

Page 10: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs

QUESTIONS?

•ASK THEM!!


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