The Great Depression

The Great Depression

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  • Going out of business
  • -33%
  • In the 1920s, the American agriculture sustained the prosperity of the world.
  • Some warning signs were banks going out of business due to the inflation and not playing off bank loans.
  • Black Thursday is when the stock prices started to decrease by 33% and people started to panic so they sold all their stocks for very cheap.
  • After the stock market crashed, the value of money decreased, people and farmers lost a lot of land and money and banks closed down because they did not have money.
  • Unemployment rates were at an all time high and world trade dropped by 65%.
  • Franklin Roosevelt started a government program that provided jobs for the unemployed and gave money to farms and businesses.
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