1. Boom and Bust

2. Causes of the Great Depression Overproduction (1 st in agriculture, then elsewhere) Overproduction (1 st in agriculture, then elsewhere) Trade Protectionism Trade Protectionism Unpaid War debts Unpaid War debts Growing consumer debt (consumer debt = GDP) Growing consumer debt (consumer debt = GDP) Stock Market speculation / Market bubble / Buying on Margin Stock Market speculation / Market bubble / Buying on Margin Stock Market Crash, Investor Panic and Fear Stock Market Crash, Investor Panic and Fear Banks runs, bank failure, loss of personal savings Banks runs, bank failure, loss of personal savings Hoovers poor response to Black Tuesday Hoovers poor response to Black Tuesday

3. Effects of the Great Depression Bank Failure Bank Failure Lack of investor confidence Lack of investor confidence Business closure / slowdown Business closure / slowdown Layoffs / high unemployment Layoffs / high unemployment Farm and home foreclosures Farm and home foreclosures Personal bankruptcies Personal bankruptcies