The Great Depression The 1930s. Essential Question: What factors caused the Great Depression?. Cause #1 Speculative Bubble of Stocks. Stock : ownership in a company (a share) Stock market : buying and selling of shares Bull Market : steady rise in stock prices over a long period of time
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What factors caused the Great Depression?
stock prices over a long period
in stock prices over a
long period of time.
Why would someone invest in this market?
How would someone get more money to invest in the stock market
Hoovervilles - name given to towns constructed by homeless people on unused/public land (shantytowns)
13 million lost jobs
Unemployment is over 20%
Farm prices down 53%
40% of banks have failed
deposits have been lost
US unemployment rate is at 7.2%
2.6 million jobs lost in 2008
WWI Vets Want an Advance
Army Attacks Army
2 Dead, Very Bad Press
Elected in 1932, 36, 40, & 44 (4 terms)
Chaired the committee that
drafted the UN Declaration
of Human Rights
Flint, MI (1937)