The Great Depression

Brandon Nugent

What is the great depression?

The great depression was a drastic decline in the world economy resulting in mass unemployment and widespread poverty that lasted from 1929 until 1939.

How it all began

It all started when the stock market crashed causing wall street to go into panic mode wiping out millions of investors and a steep increase in unemployment.

Banks start to fail

Crowd gathering around a bank after it fails to take in deposit and take out loans because they had no more money. During the 1920s, there was an average of 70 banks failing each year nationally, this happened a lot during the depression

Franklin D. Roosevelt elected as president of the untied states in 1932 election, delivering hope that he will get them out of the great depression and rescue them from their hopelessness and despare

Can you compare the great depression to modern day america?

We are in a recession which is called the modern day great depression it is slowing down the economy and causing unemployment and dept. So yeah in some ways you could compare the great depression to modern day america

What is the great recession?

Recession is a slowdown or a massive contraction in economic activities. A significant fall in spending generally leads to a recession.

The Great depression vs. The great reccesion

as you can see the great recession isn't as bad as the great depression but it still isn't that much better

Alot of these signs are up because of the recession and people cant afford to pay for there houses

Article on financial panics during the recession

American dream lost

In both the great depression and recession people are trying to chase their american dream but are stopped short due to the economy. After all the hard work some people put in, to try and reach their dream was all wasted and they couldnt even live their dream

Work Cited

Marshall, Jim. "financial panics." American History. ABC-CLIO, 2014. Web. 19 Mar. 2014.

"Home for sale." Image. iStockPhoto. American History. ABC-CLIO, 2014. Web. 19 Mar. 2014.

"Great Depression and the Election of 1932." Video. "Eleanor Roosevelt, First Lady of the World," National Park Service. American History. ABC-CLIO, 2014. Web. 19 Mar. 2014.

"Crowd at bank failure." Image. Federal Deposit Insurance Corporation. American History. ABC-CLIO, 2014. Web. 19 Mar. 2014.

"Soup kitchen during the Great Depression." Image. Franklin D. Roosevelt Library. American History. ABC-CLIO,2014. Web. 19 Mar. 2014.