The Great Depression. 1929-1939. Stock market crash Banks foreclosed Collapse of Farm Economy-Dust Bowl. Many found being broke humiliating. The Roaring 20’s. The new concept of ______________ People were buying: Automobiles Appliances Clothes Fun times reigned Dancing Flappers
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Many found being broke humiliating.
What will happen?
(could no longer cover payroll)
= Farmers can not pay loans back to the bank
= Farmers are __________
Workers Can not afford to buy goods
Workers Make Money
Able to buy goods
Factories Hire Workers
Factories Fire Workers
Factories Cut Production
Factories need workers to make goods
Overproduction / Reduction in Purchasing
Farms and factories overproduced beyond the demand.
from wage cuts
and lay offs.
little or no
money to spend.
Out of the Dust: money.
Dust Bowl of
“The Dust Bowl”
“National Bank Holiday”
= restored public _______________
DEAL like baskets.
The End like baskets.