What would life be like without money?

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Presentation transcript:

What would life be like without money?

Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How would you feel if you lost all of your money and were not able to make any more? Could we ever have another Great Depression in our country?

Great depression economics By Amanda wiggins

overview Stock Market Crash Run on Banks Unemployment, Poverty, and Foreclosure New Deal Economic Programs Lasting Economic Consequences

October 29, 1929 “Black Tuesday” Stock Market Crash October 29, 1929 “Black Tuesday”

Run on banks Depositors lost $140 Billion About 10,000 banks failed Checks were no longer accepted Businesses couldn’t get credit for inventory

Unemployment

foreclosure Many families lost their homes Numerous farmers lost their livelihood Scores of people became homeless due to foreclosure

Poverty

New deal policies Created jobs for the unemployed Reformed stock market practices Restored banking system Devalued the US dollar by 41% Provided affordable housing

Lasting consequences Federal Deposit Insurance Corporation (FDIC) Social Security Administration (SSA) Securities and Exchange Commission (SEC) No gold standard Minimum wage National debt

Could we ever have another Great Depression in our country?

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