The Great Depression

1. Stocks Crashed

1.1. October 29th 1929

1.1.1. lasted until 1942

1.2. Everyone that held stocks panic

1.2.1. caused the US economy to die

1.3. Unemployment rose

1.3.1. No Govt. help

1.4. Productivity lessened

1.4.1. Result; more unemployment

2. Unemployment

2.1. In the 1920's the U.S was based on the employment cycle.

2.2. Supply and demand had to be the same no more no less.

2.2.1. Over production occurred and the was to much more product then needed.

2.3. People lost their job because of it.

3. Americas Reaction

3.1. Hoover was very unpopular

3.2. People were forced to live in hoovervills (living in a dump with little food to go around).

4. Election 1932

4.1. 1 out of 4 were unemployed

4.2. US income was half of what it was in 1929

4.3. US elected Franklin Rosevelt