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The Great Depression - PowerPoint PPT Presentation


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The Great Depression. Causes of the Crash. Overspeculation Buying on margin (10% down) Overproduction Catch - 22 Overextension of credit!!!!!! Installment buying Consumer debt Uneven distribution of wealth. Overproduction - Agricultural slump (declining demand for crops)

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Presentation Transcript
slide1

The

Great Depression

causes of the crash
Causes of the Crash
  • Overspeculation
    • Buying on margin (10% down)
  • Overproduction
    • Catch - 22
  • Overextension of credit!!!!!!
    • Installment buying
    • Consumer debt
  • Uneven distribution of wealth
slide3
Overproduction

- Agricultural slump (declining demand for crops)

Farm surpluses

Tax and tariff policies

Overexpansion of credit

Overspeculation in stock market

Uneven distribution of wealth

Technological unemployment

Causes of the Great Depression

slide5

Expansion (A speedup in the pace of economic activity)

Peak (The upper turning of a business cycle)

Contraction (A slowdown in the pace of economic activity)

Trough (The lower turning point of a business cycle,

where a contraction turns into an expansion)

slide13

Congressional Action?

House vote _________

Senate vote ________

hawley smoot tariff 1930
Hawley-Smoot Tariff 1930
  • Highest protective tariff ever
  • Retaliatory tariffs from foreign countries
  • US foreign trade suffered

Depression deepened

slide21
Herbert Hoover

1929 – 1933

Republican

“rugged individualism”

Allow the economy to

recover on it’s own

indirect relief

brilliant but with

bad luck

Franklin Delano Roosevelt

1931 – 1945

Democrat

New Deal

3 R ’s

direct relief

“pump priming”

Election of 1932

slide22

1932 Election

What's the best

way to fix

the economy?

slide24

Soup Kitchens

paid for by "bad guy" Al Capone

slide29

Civilian

Conservation

Corps

slide34

National

Youth

Administration

slide37

Works

Administration

Progress

slide51

1936

Election

slide52

The "Drought".

One cause of the...

slide59

The family

"outing"!?