GNP

By Carson Vickroy, Travis Chin, and Deep Mistry

What is GNP?

GNP is a measure of the total economic output (in dollars in the case) produced within a country's borders.
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During the 1920’s, the United States economy was healthy and progressing, with a few minor economic setbacks. It was not until the 1929 Wall Street Crash that a steady economic decline was seen, although once it happened the economy quickly plummeted.


Causes of the Great Depression

Causes of the Great Depression

Picture of people during the Great Depression

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US Gross Domestic Product (current dollars)



The Great Crash, 1929-1933

in 1929: $103.6 billion

in 1930: $91.2

in 1931: $76.5

in 1932: $58.7



From 1929 to 1932 business production greatly fell. Overproduction and inflated prices meant that stock prices collapsed as the overpriced goods somewhat inevitably collapsed and were sold at bottom prices.