Chapter 30: The Great Depression

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High School Diploma (Chapter 30: The Great Depression) History Diapositivas sobre Chapter 30: The Great Depression, creado por Michelle M el 08/03/2016.
Michelle M
Diapositivas por Michelle M, actualizado hace más de 1 año
Michelle M
Creado por Michelle M hace más de 8 años
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Resumen del Recurso

Diapositiva 1

Diapositiva 2

    Shaky Stock Market Causes Bank Crises
    Pie de foto: : Bank Runs Resulted from Stock Market Crash. Bank looked like an unsafe place to keep money. Due to bad lending on their part.
    Promise of Financial Gain: Speculative and Enthusiasm in Stock market.                                                                                       -Bull Market and Buying on Margin resulted. After Black Tuesday, Bear Market                                            -Bank Runs

Diapositiva 3

    Too Much For Sale Too Little to Spend
    Pie de foto: : Overproduction and Underconsumption
    Industries used the assembly-line method of mass production Overproduction resulted                                                              -Companies overproduced because they could. By 1929, buying spree coming to end                                     -Everyone had bought what they needed or already wanted by then. Underconsumption was a result of debt and lack of necessity in materials                                                                    -Unemployment resulted from underconsumption Underconsumption affected Farmers first                                  -After WW1 Consumptions of Products decreased and prices dropped

Diapositiva 4

    Gov. Actions Makes a Bad situation Worse
    Pie de foto: : Federal Reserve and Congress blamed for bad actions
    Federal Reserves controls nation's money supply                    -One way of doing this is by setting discount rate Before Stock Market, Feds kept rates low to keep money circulating through economy 1931, began raising discount rates                                          -Turned recession into an economic calamity Congress Passed Hawley-Smoot Tariff Act                                 -Triggered a trade war that ended up causing the Great Depression to spread around the globe.
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