Causes of the Great Depression

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Presentation transcript:

Causes of the Great Depression Overproduction Real Estate Speculation Buying on Credit Stock Market Speculation--Crash of 1929 Hoover’s ‘Trickle Down’ Economics Norris-LaGuardia Anti Injunction Act Reconstruction Finance Corporation (RFC) Bonus Army

When everyone wants their money all at the same time, a problem comes up (The Crash—Black Tuesday and Thursday).

The Crash-Black Tuesday and Thursday What were people doing on this day? When was it finally over? October 24, 1929- Black Tuesday Hundreds of people began widely selling their stocks-Panic October 29, 1929-Black Thursday

Streets the day the NY stock market crashed

A crowd gathers outside New York’s American Union Bank during a bank run in 1931.

Hungry Americans waiting in line for food during the Great Depression

Unemployment line in New York City

Causes of the Great Depression Overproduction Real Estate Speculation Buying on Credit Stock Market Speculation--Crash of 1929 Hoover’s ‘Trickle Down’ Economics Norris-LaGuardia Anti Injunction Act Reconstruction Finance Corporation (RFC) Bonus Army Group work: Answer the aim using specific examples from each document.