Understanding the Great Depression: Causes, Effects, and Impact on Society
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The Great Depression, spanning from 1929 to 1939, began with the Wall Street crash, leading to devastating economic consequences. Unemployment soared from 8 to 15 million, with severe impacts on various communities—40% of Mississippi farms were auctioned, and Harlem's unemployment rate hit 50%. This crisis affected countless lives, forcing people out of jobs and homes, severely impacting even children. Contributing factors included oversupply, dwindling demand, and a financial crisis in Europe. Dive into the complex dynamics of this pivotal era to understand its lasting legacy.
Understanding the Great Depression: Causes, Effects, and Impact on Society
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Presentation Transcript
The Great Depression By: Yazan Abdolkarim And Yazan Abu-Mahfouz
What is the Great Depression Took place from 1929-1939 Wall street crash Unemployment went from 8 million to 15 million
Who did the great depression affect • 40% of the farms in Mississippi were put on the auction block. • Harlem had an unemployment rate of 50%. • And property owned by blacks went from 30% to 5%.
How did it affect people. • People got laid off. • Put out on the streets • It even effected children.
How severe was the great depression. • Unemployment went from 4 million to 8 million. • moved to shacks made from boxes. • Moved to caves.
What caused the wall street crash. • Too much supply, not enough demand. • Prices went down. • America gave loans to Europe. Later realized needed money back. • European banks caused a financial crisis.
