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THE GREAT DEPRESSION

PREPARED BY: JOY JASMIN M. IBRANI BY02

Great Depression
An economic slump in North America, Europe, and

other industrialized areas of the world. It began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world.

Causes of Great Depression


Stock Market crash on October 29, 1929 (Black

Tuesday)
People tried to sell their stock, but no one was buying. Banks closed

The Dust Bowl


Great Plains were hit hard with both a drought and horrendous dust storms. Small farmers were already in debt and when their crops are damaged, they cant feed themselves and at the same time cant pay their debt.

Causes of Great Depression


Reduction in Purchasing Across the Board

Individuals stopped purchasing items abroad. This led the reduction in the number of items produced and thus a reduction in the workforce.

People Stopped Spending Money During The Great

Depression

Effects of Great Depression


International commerce took a vital step of reducing

tax revenues, profits and personal incomes. Raising tariffs on imports Millions of business investors losing large sums of money and several others closing down their business completely. End up on depending on government charities

Effects on Other Countries


Adolf Hitler of German became vivid because of the

poor financial situation in Germany. Japan- invaded China and developed mines, and industries in Manchuria. Germany and Japan -brought the rise to power of militarist. United States and the Great Britain- intervened resulting to the creation of welfare systems.

The End of the Great Depression


Franklin D. Roosevelt- established the New Deal NEW DEAL
AAA (Agricultural Adjustment Administration)- aimed at helping farmers CCC (Civilian Conservation Corps) and WPA (Works Progress Administration)- attempted to help curb unemployment by hiring people for various projects.

The End of the Great Depression


Bombing of the Pearl Harbor and entrance of United

States into World War II. Both people and industry became essential to the war effort because of this.

Sources
http://americanhistory.about.com/od/greatdepressi

on/tp/greatdepression.htm http://www.effectsofthegreatdepression.com/ http://history1900s.about.com/od/1930s/p/greatde pression.htm http://www.thegreatdepressioncauses.com/effects.h tml

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