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Great Depression

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by

Saadia Hussain

on 6 April 2016

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Transcript of Great Depression

Causes and Responses to the Great Depression
1929-1940

Helping Europe After WWI
Great Depression - Cause
Overproduction + Buying on Credit
Global Depression
When the US economy fails, the whole world's economy gets hurt
Needed money to rebuild country
Gave money to help
Lose Profit
Fire Workers & Businesses Close
Unemployment Increases
People Don't Have Money
US stops giving Europe money + wants Europe to pay them back
Responses
Germany
Hitler created new jobs (public works - construction)
Rebuilt military
United States
New Deal created new jobs (public works - construction)
The 1920s
Europe
destroyed economically after WWI
United States
had an economic boom
Inventions
Refrigerator
Sliced bread
Radio
Cars
Europe
United States
Depression - a period of extreme economic downturn
United States
Europe
1929 - US stock market crashes
Banks close
People lose their money
Depression Cycle
Russia
Hit the least
Government take over industrialization
Full transcript