Depression and Hyperinflation

Depression and Hyperinflation

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Storyboard Text

  • Depression
  • Hyperinflation
  • I'm buying a loaf of bread.
  • Depression
  • During Depressions, people, including banks, spend money that they don't have. Then when the stock market falls people start selling everything. People lost trust in banks so they went to get their money out. The banks didn't have enough and so when they gave back all the money they had they closed.
  • $50
  • When hyperinflation occured after WWI in Germany, people had to put money in a wheelbarrow to be able to carry it to the store just to buy a loaf of bread.
  • People flood banks trying to get their money back but the banks don't have enough money to give back.
  • When hyperinflation occurs the prices of everyday items, like this bread, will skyrocket.
  • Also during a hyperinflation people like this women would have to get payed every single day after work or else the next day the money they earned would be worthless.
  • During depression life can be really hard. There will be highunemployment, low production, and low trade/commerce.
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