The Great Depression. Essential Question: The stock market crash of 1929 ended the economic boom of the 1920s and started the Great Depression of the.

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Presentation transcript:

The Great Depression

Essential Question: The stock market crash of 1929 ended the economic boom of the 1920s and started the Great Depression of the 1930s. What were some other causes of the stock market crash of 1929? Low wages Farm prices were depressed Buying with credit Overproduction of goods Investors sold their stock

The Great Depression The stock market crash of 1929 marked the end of the economic boom of the 1920s and the start of the Great Depression

Major factors that contributed to the depression Not everyone could buy the products that came from American factories. Wages were low Farm prices were depressed Many American consumers bought using credit Factories overproduced causing them to lay off workers

Factors When investors saw the economy slowing, they suddenly began selling off their stock. This sale was made worse because some investors had borrowed in order to buy stocks and could not pay off their original loans The Stock Market Crash Resulted

The Great Depression

After the Crash Unemployment continued to rise Laid off workers Decreasing wages Decreasing buying power Decreasing prices Caused businesses to fail. Failed businesses laid off more workers continuing the downward spiral

The Great Depression

Many African Americans had migrated from the south hoping to find a better life, job opportunities and to escape the prejudice in the south. A

The Dust Bowl The Dust Bowl conditions of the Midwest led others, such as the Oakies, to migrate to California where they sought jobs as migrant workers

Hoovervilles

Stock Market Crash y/991029onthisday_big.html#article Read the New York Times Article from Oct. 29,1929 Right click to open hyperlink

1929

2008

The Great Depression

2008