The Great Depression.

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Presentation transcript:

The Great Depression

The Stock Market Crash Black Tuesday: Prices began falling as people are selling all their stock. Nobody is buying and all paper wealth disappeared. Most stock became worthless

Banks and businesses Banks went bankrupt who bought lots of stock in companies Healthy banks closed their doors when they ran out of cash Without loans businesses couldn’t get cash to keep doors opened 85,000 businesses failed by 1933

Poor are growing Businesses that stayed open cut employees People with jobs started to earn less 12 million Americans out of a job by 1933 Fewer people could afford consumer goods causing more factories to close.

Black Tuesday Video