1. By Kelly Eva 1920-1929 AMERICAN ECONOMY ---- THE GREAT DEPRESSION

2. INTRODUCTION 1921 Warren Gamaliel Harding 1929 The Great Depression

3. BACKGROUND World War I ： People Creditor Country Gold reserves

4.  The Laissez-faire Economy Policy  John Calvin Coolidge  WW1 supported the material basis  Technical revolution  Market stimulation THE MAIN CAUSES

5. THE GAP BETWEEN THE RICH AND THE POOR

6.  The stock market crash MARKET BUBBLE

7.  During the era of Hoover President, scalping stock was the popular speculation in the country.  From January 1925 to October 1929, the stock listed on the New York stock exchange list from 4.43 million shares increased to 10 million shares.  This time, almost all kinds of stock increased in value in severalfold, the more rise, the more people refused to sell them. PHENOMENON

9.  Population  Overproduction  Bankrupt agriculture

10. The unemployment ratein Germany,Austria and Poland rose to 20% while output fell by 40%.GermanyAustriaPoland  By November 1932 every European country had increased tariffs or introduced import quotas. Central Europe

11.  1933, 30% of Glaswegians were unemployed due to the severe decline in heavy industry.Glaswegians  In some towns and cities in the north east, unemployment reached as high as 70% as ship production fell 90%. United Kingdom

12.  Hundreds of thousands of Americans found themselves homeless and they began congregating in the numerous Hoovervilles that had begun to appear across the country. United States

13. WWI STOCK MARKET Agriculture CONCLUSION

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