By Carson Vickroy, Travis Chin, and Deep Mistry
What is GNP?
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
Picture of people during the Great Depression
People standing in line for food because they are out of work
People rallying because there are not enough jobs
Countless people lost their homes due to the lack of an income
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