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THE GREAT DEPRESSION - Coggle Diagram
THE GREAT DEPRESSION
FACTS
In America in 1933, 25% of Americans (12,830,000) were unemployed
Around 11,000 banks failed during the Great Depression, leaving many with no savings
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The stock Market lost 90% of it's value. The stock market recovery took 25 years after the depression
CONSEQUENCES
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Prostitution, crime rate and suicide rate were at an all time high
Less money for wages
After the depression, the stock market was rarely used.
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CAUSES
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STOCK MARKET CRASH
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After the market crash, people rushed to the banks to withdraw their funds
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SMOOT HAWLEY TARIFF
was created to protect American farmers from foreign competition by increasing taxes on certain foreign goods.
25 other countries increased their tariffs on American trade. Which caused global trade to drop down.
SIGNIFICANCE
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Franklin D Roosevelt created the "New deal", it promoted recovering the economy and put Americans back to work by using judicial activism
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