Section 2A - The Great Depression

Section 2A - The Great Depression - Section 2A The Great...

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1 Section 2A The Great Depression
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2 Overview The key aspects of the Great Depression Why was the Great Depression so lengthy and severe Lessons from the Great Depression
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3 Key Aspects of the Great Depression The Great Depression was characterized by: Large reductions in output Soaring unemployment Farm and home foreclosures Bank failures Extensive human suffering
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4 The Great Depression
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5 Declines in Real GDP
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6 High Rates of Unemployment
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7 Foreclosures, Bank Failures, and General Human Suffering
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8 Was the Great Depression caused by the stock market crash of 1929? Stock prices plunged in September-October 1929 But they recovered during the five months from mid-November 1929 through mid-April of 1930. However, they then continued to decline through the 1930’s. Why?
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9 Why was the Great Depression so long and severe? 1. Contraction of the money supply 2. The Smoot-Hawley tariff 3. Huge tax increases 4. Price controls, regulations, and constant policy changes
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10 1. Contraction of the Money Supply
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Section 2A - The Great Depression - Section 2A The Great...

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