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Depression VS Recession

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Vanessa washington

on 26 April 2010

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Transcript of Depression VS Recession

Double click anywhere & add an idea Bank failures
Through 1930's 9,000 banks failed. Bank deposit were uninsused and thus as failed people simply lost their savings Stock Market Crash
Many people believe that the stock market crash occued on black tuesday, October29, 1929.Two months after the original crash in october stockholders lost more than $40 billion dollars. Reduction in purchasing across the board
This lead to number of items produced and thus a reduction
in the workforce.

Drought Conditons
The drought that occured in the Mississippi Valley in 1930 was so bad that they could not even pay their taxes or other debts and they had to sell their farms for no profit to themselves. American Economic policy with Europe
As business began failing,the government created
the smoot-harley tarrif in 1930 to help protect american
major causes of the Great Depression.. major causes of the Great Recession.. Leaders of the Great Depression.. Franklin Rooservelt Herbert Hoover Inflation
unemployment rate bankruptcies gross dometic foreclosure Leaders of the recession Barack Obama George Bush
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