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Great Depression by Mind Map: Great Depression
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Great Depression

NYC Stock Market Crash -1929

Quick loans

BUYING ON MARGIN

STOCK SPECULATION

Panic selling

Ripple effect on Economy

Uneven dist. of wealth

Middle class

Pres. Hoover

ECONOMIC CYCLE

Unemployment increased

Productivity went down

Buying went down

New Technology

Better production

No new Jobs

Global Economy

What the world became

TARIFF WARS

BANKERS’ PANIC 1931

Soviets sold cheep wheat to other country's to get back money.

Then the Austrians borrowed money for the Germans causing the Germans borrow money from the Americans causing it to wipe out American citizens accounts.

Americans React to Hoover-

Unpopular

He doesn't get involved with Americans problems.

Frustration

Veterans (WW1) Frustrated

1-4 PEOPLE WERE UNEMPLOYED 1932-

There was an election.

Income was 50% of it was in 1929

"Repubs. nominated Hoover • no hope"