The Great Depression

Debriana Dawson

Summary

  • On October 29, 1929 the stock market crashed, and it began the Great Depression.
  • The Great depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices dropped, wile international trade plunged by more than 50%.
  • Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.
  • Franklin D. Roosevelt started the New Deal to help the economy but it failed.
  • In 1942 we entered World War ll and it got us out of the Great Depression because women entered the workforce as the men entered the armed forces.


key person invalid in the Great Depresion

Franklin D. Roosevelt was the most important person in the Great depression.Roosevelt immediately acted to restore public confidence, proclaiming a bank holiday and speaking directly to the public in a series of radio broadcasts or "fireside chats." His ambitious slate of New Deal programs and reforms redefined the role of the federal government in the lives of Americans.


Events

  • Stock market crashed in 1929
  • Roosevelt installed; begins "First 100 Days" of intensive legislative activity in 1933
  • During this time, America will experience the greatest economic boom it has ever known, because of World War ll. In 1945


citation

  • "Great Depression." Wikipedia. Wikimedia Foundation, 01 Feb. 2014. Web. 14 Jan. 2014.
  • "Franklin D. Roosevelt." History.com. A&E Television Networks, n.d. Web. 12 Jan. 2014.