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Signs of Economic Trouble

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Presentation on theme: "Signs of Economic Trouble"— Presentation transcript:

1 Signs of Economic Trouble

2 1928- Economy appears healthy

3 Danger signs 1. 1920s- too much spending
2. Uneven prosperity (top 1% saw 63% increase in wealth in 1920s/ bottom 93% saw 4% decrease in wealth) 200 companies controlled 49% of economics 3. Higher and higher interest rates People purchased things they could not afford

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6 4. High tariffs (Smoot-Hawley) on imports led to high prices
5. World Wide depression- Versailles Treaty

7 6. Stock speculation- high risk stocks hoping to make big $$$
7. Decrease in demand (warehouses full of merchandise)

8 Squatter in abandoned warehouse

9 8. Farmers- Had struggled throughout the decade
Debts for purchases of machinery No longer demand for crops from Europe No govt aid

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11 Texas farm

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