1. THE GREAT DEPRESSION BEGINS
CHAPTER 14
THE
GREAT
DEPRESSION
BEGINS
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2. HERBERT HOOVER ELECTED PRESIDENT IN 1928
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3. HOOVER WINS EVERY REGION EXCEPT THE DEEP SOUTH
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4. THE NATION’S SICK ECONOMY
SECTION 1
THE
NATION’S
SICK
ECONOMY
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5. THE CAUSES OF THE GREAT DEPRESSION
A-K-A
THE CAUSES OF THE GREAT DEPRESSION
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6. MAH - CH 14 - THE GREAT DEPRESSION
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7. MAH - CH 14 - THE GREAT DEPRESSION
TROUBLED INDUSTRIES
TEXTILES
(CLOTHING)
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8. TEXTILE MILL IN NORTH CAROLINA
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9. MAH - CH 14 - THE GREAT DEPRESSION
TROUBLED INDUSTRIES
MINING
&
LUMBERING
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10. MAH - CH 14 - THE GREAT DEPRESSION
CHINESE
MINERS
IN COLORADO
HYDRALIC
MINING
IN CALIFORNIA
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11. MINE NEAR ATHENS,OHIO 1929 WAGES $2.45 / DAY
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12. MAH - CH 14 - THE GREAT DEPRESSION
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13. OHIO COAL MINING PRODUCTION
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14. MAH - CH 14 - THE GREAT DEPRESSION
TROUBLED INDUSTRIES
FARMING
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15. MAH - CH 14 - THE GREAT DEPRESSION
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16. HARVESTING WHEAT IN NEBRASKA
STACKING OATS
IN COLORADO
HARVESTING WHEAT IN NEBRASKA
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17. STEEL COMPANIES & RAILROADS
TROUBLED INDUSTRIES
STEEL COMPANIES
&
RAILROADS
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18. MAH - CH 14 - THE GREAT DEPRESSION
RAILWAY WORKERS
RAILWAY
STATION IN
COLORADO
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19. MAH - CH 14 - THE GREAT DEPRESSION
TROUBLED INDUSTRIES
NEW
HOME
CONSTRUCTION
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20. OTHER ECONOMIC PROBLEMS
CONSUMERS SPEND LESS
LIVING ON CREDIT
INSTALLMENT PLAN
STOCKS “ON MARGIN”
HIGH INCOME GAP
UNEVEN DISTRIBUTION OF INCOME
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21. MAH - CH 14 - THE GREAT DEPRESSION
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22. MAH - CH 14 - THE GREAT DEPRESSION
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23. MAH - CH 14 - THE GREAT DEPRESSION
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24. MAH - CH 14 - THE GREAT DEPRESSION
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25. CURRENT INCOME DISTRIBUTION
October 18th, 2009
Top 1% own 38.1% Top 2-4% own 21.3% Top 5-10% own 11.5%
Top 10% own 70.9%
Bottom 90% own 29.1%
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26. MAH - CH 14 - THE GREAT DEPRESSION
Top 1% = 40% U.S. Wealth (2010)
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27. MAH - CH 14 - THE GREAT DEPRESSION
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28. MAH - CH 14 - THE GREAT DEPRESSION
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29. INCOME BASED ON EDUCATION
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30. 1920’S “BULL MARKET” STOCK PRICES... INCREASED GREATLY
THE STOCK MARKET
1920’S
“BULL MARKET”
STOCK PRICES... INCREASED GREATLY
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31. THE STOCK MARKET CRASHES
OCTOBER 29, 1929
“BLACK TUESDAY”
STOCK PRICES… DECLINE RAPIDLY
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32. MAH - CH 14 - THE GREAT DEPRESSION
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33. MAH - CH 14 - THE GREAT DEPRESSION
WALL STREET OCT 29, 1929
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34. MAH - CH 14 - THE GREAT DEPRESSION
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35. MAH - CH 14 - THE GREAT DEPRESSION
THE
GREAT
DEPRESSION
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36. MAH - CH 14 - THE GREAT DEPRESSION
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37. MAH - CH 14 - THE GREAT DEPRESSION
FINANCIAL COLLAPSE
A RUN ON BANKS
BUSINESSES CLOSE
PRODUCTION DROPS
MORE UNEMPLOYMENT
***G.D. IS WORLDWIDE
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38. MAH - CH 14 - THE GREAT DEPRESSION
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39. MAH - CH 14 - THE GREAT DEPRESSION
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40. “THE UNEMPLOYED UNION” PROTESTING FOR JOBS
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41. MAH - CH 14 - THE GREAT DEPRESSION
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42. MAH - CH 14 - THE GREAT DEPRESSION
World industrial production, now vs. then
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43. MAH - CH 14 - THE GREAT DEPRESSION
Volume of world trade, now vs. then
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44. MAH - CH 14 - THE GREAT DEPRESSION
World equity markets, now vs. then
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45. MAH - CH 14 - THE GREAT DEPRESSION
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46. MAH - CH 14 - THE GREAT DEPRESSION
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