The Great Depression
par Jess Ashmore
1. Unemployment
1.1. In the 1920's the U.S was based on the employment cycle.
1.2. Supply and demand had to be the same no more no less.
1.2.1. Over production occurred and the was to much more product then needed.
1.3. People lost their job because of it.
2. Election 1932
2.1. 1 out of 4 were unemployed
2.2. US income was half of what it was in 1929
2.3. US elected Franklin Rosevelt
3. Stocks Crashed
3.1. October 29th 1929
3.1.1. lasted until 1942
3.2. Everyone that held stocks panic
3.2.1. caused the US economy to die
3.3. Unemployment rose
3.3.1. No Govt. help
3.4. Productivity lessened
3.4.1. Result; more unemployment