Create your own awesome maps

Even on the go

with our free apps for iPhone, iPad and Android

Get Started

Already have an account?
Log In

The Great Depression by Mind Map: The Great Depression
0.0 stars - reviews range from 0 to 5

The Great Depression

When it started

1920's

Tuesday October 29, 1929. The stock market crashed.

When it ended!

1942

American's in the end started to have protest movements.

Stock Market

The public invested in stock and they expected money in return.

Because the economy was so good in the 1920 the bank just gave out loans and didn't care.

They only had to pay 10% of the stocks actually value which is called "Buying On Margin"

They needed long term investments so they could pay bills. Because of all of this it gave everyone a false sense of security and everything would be okay.

In the beginning of October 1929 everyone lost confidence in the banks and the market collapsed. Because of this it had a ripple effect on the economy.

Economy

The Economic Cycle *Since people could not afford to buy such things, making of such things were cut back. The purchasing power went down.

Productivity and unemployement

For the factories to produce such things the people had to be there to demand for such things.

The only jobs that were available were electricians and mechanics. But no other jobs were added to the economy.

Land owning/ the community

42 % of Americans were below the poverty line. 58% fell above the poverty line which was the in the middle class. Because of the middle class and they losing their jobs it ruined the whole country.

President Hoover

he didn't think that he government played a role in the economy.

He made the policy of Voluntary NON - Coecive Cooperation (tax breaks)

Hoover Moratrium

He wanted the Europeans to purchase american goods.

Laws

In 1931 they had the Tariff Wars

They made the Smoot Hawley to protect the U.S. industry

Bankers' Panic

We borrowed from the German banks. It was called the Bank of INT'l settlement

Americans Reaction to Hoover

The government did not like Hoover, but they persuaded Congress to Establish the Reconstruction Finance Corporation,

He had them have the power to make emergency loans to banks.

Rugged Individualism

1932 Election

1 out of every 4 Americans were unemployed.

Nat'l income was 50% of what it has been before,.

Repubs. was nominated and Hoover really didn't have a chance.

The winner by a huge amount was Franklin Delano Rooservelt.