THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response...
-
Upload
corinne-severs -
Category
Documents
-
view
213 -
download
0
Transcript of THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response...
![Page 1: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/1.jpg)
THE GREAT DEPRESSION
![Page 2: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/2.jpg)
LIST OF CAUSES
•Black Tuesday/Thursday
• Farmers
•Banks
•Government Response
• Tariffs
![Page 3: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/3.jpg)
“BLACK THURSDAY ”
• October 24, 1929
• Stock prices initially “crashed”
• Slightly recovered
![Page 4: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/4.jpg)
BLACK TUESDAY
• October 29,1929
• “Official/Final” Crash- Prices did not recover
• $25 Billion lost immediately~ $319 Billion in today’s money
![Page 5: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/5.jpg)
WHY DID THIS HAPPEN?
• Farmers heavily affected during the “roaring” 20s
• Production remained the same/increased
![Page 6: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/6.jpg)
BANKS
• Numerous banks “failed”- Went out of business
• Many people lost all of their money
![Page 7: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/7.jpg)
POOR GOVERNMENT RESPONSE
• Poorly managed
• Hoover believed that the country would repair itself
![Page 8: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/8.jpg)
TARIFFS
• A tax on imported goods
• Many politicians believed that tariffs were the best thing for our economy by protecting against foreign imports
• Made problems worse as foreign countries entered the depression too.
![Page 9: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/9.jpg)
DESPAIR!!
![Page 10: THE GREAT DEPRESSION. LIST OF CAUSES Black Tuesday/Thursday Farmers Banks Government Response Tariffs.](https://reader035.fdocuments.in/reader035/viewer/2022062619/5518c93f55034638098b4ce6/html5/thumbnails/10.jpg)
QUESTIONS?
•ASK THEM!!