Deflation during the Great Depression

Deflation during the Great Depression

More Options: Make a Folding Card

Storyboard Description

This storyboard does not have a description.

Storyboard Text

  • The 1930 bank failures led to credit freezing up
  • A frozen credit system meant that there was less money in circulation, This led to deflation. 
  • Without money in circulation, prices of goods drop and big businesses layoff workers
  • people aren't able to purchase goods, so prices drop even further and inventory builds up. 
  • Help us banks!
  • Banks weren't lending money, so business couldn't meet payroll. Businesses went bankrupt which meant more people unemployed
  • No!
  • More people unemployed meant even more money not in circulation which means no one could afford to buy the goods and services to keep business afloat. 
Explore Our Articles and Examples

Try Our Other Websites!

Photos for Class – Search for School-Safe, Creative Commons Photos (It Even Cites for You!)
Quick Rubric – Easily Make and Share Great-Looking Rubrics
abcBABYart – Create Custom Nursery Art