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The Great Depression

Facing the life of the great depression.

derek stockwell

on 23 April 2010

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Transcript of The Great Depression

The Great Depression Major causes of the great depression Bank failure Stock market crash Reduction in purchasing across the board American economic policy with europe Drought Conditions The Great Recession The major causes of the Great recession High interest rate Rapidly rising inflation dempens the economy by reducing the purchasing power of the consumers money, money shortage, causes run on the bank and a financial panic. Similarity in the two crises Bank Failure Run on the bank Come to find out the the banks are an big issue President obama signed legislation to jumpstart our economy, the american recovery and reinvestment act. less than a month after, the plan will save or create 3.5 millione new jobs, and gives 95 percent of working americans a tax cut. He Provided a shot in the arm to keep afundamentally strong economy healthy, and it will help keep economy sectors that are going through adjustments, such as the housing market, from adversely affecting other parts of our economy. The two previous leaders of our country. How did they help the economy? FDR. The president during the great depression He used the new deal to restore american self-confidence, help prop up the economy, establish social welfare measures, and touch every aspect of american life.
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