What else do we know that’s “Great”?

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Presentation transcript:

What else do we know that’s “Great”? Great A______________: Great Com______________: Great M_____________:

Causes of the Great Depression The stock market crash of 1929 and subsequent collapse of stock prices

Causes of the Great Depression Federal Reserve’s failure to prevent widespread collapse of the nation’s banking system in the late 1920s and early 1930s, leading to severe contraction in the nation’s supply of money in circulation.

Causes of the Great Depression Hawley-Smoot Act (1930): a very high protective tariff that produced retaliatory tariffs in other countries what’s a tariff? when have tariffs been a problem before?

Impact of the Great Depression Unemployment and homelessness Collapse of the financial system (bank closings caused investors to lose all the money they deposited). Dorothea Lange’s Migrant Mother depicts a mother and her children after the father went looking for work during the Great Depression.

Impact of the Great Depression Demand for goods declined steeply

Impact of the Great Depression Political unrest (growing aggression of labor unions) Farm foreclosures and migration as people looked for work