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The Great Depression by Mind Map: The Great Depression
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The Great Depression

Stock Market Crashed - Oct. 29th 1929

Panic selling. Everyone sells at once.

Market doesn't recover until 1954

1920's had a lot of money, banks quick to make loans

Stock Market-

People bought stock in hope of getting money

Investor had to pay 10% value of stock

Poor Got Poorer

Unemployment Rose

People could afford less

Production Cutback

Further unemployment

Problem One

In the 20's U.S. economy was based on purchasing power and employment

Economy doubled around 25' because of technology

No new jobs were made however, and this leaded to overproduction.

Problem Two

Uneven distribution of wealth

Middle class depended on jobs

When jobs got cut, middle class had low savings

Low Savings = Low Consumption = Bad Economy


Pulled Government out of economy

Had France buy American goods instead of being in war debt.

This action stimulated U.S. economy

He was unpopular but tried to get a better standing

Was to late for make emergency banks and loans

Tariff Wars

higher taxes on imports & exports

Caused people to stick to their own countries goods

Bankers Panic

Soviet Union sold wheat 1/2 price of U.S.

Hoped to pay back banks but price was too low

The New Election

25% unemployment

National Economy is 50% of what it was 2 years earlier

Hoover Renominated

FDR Won Election by a Landslide


Social Security Act

AAA had farmers cut back on production


Election of 1936