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

1929

Stock Market Crashed

Great Depression would last till 1942

Stocks

Buying and selling stocks to make quick money

Stock Value increased

Gave false sense for America in security

Panic Selling

Many Banks called in loans

Bankers panic

Economic Cycle

Unemployment Went Up

42% Below poverty line

In 1932 1 of 4 was unemployed

National income was 50% of what it had been in 1929

Purchasing Power Productivity went down

Farmers refused to sell milk at low prices

The New Deal

Banking Holiday

Banks shut down until they are "healthy"

Nationalization vs. Privatization

Agricultural Adjustment Act

Passed in 1933 to Aid farmers

Civilian Conservation Corps

Set to establish work for young men in 1933