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THE GREAT DEPRESSION OF THE 1930S, image, image, image, image, image -…
THE GREAT DEPRESSION OF THE 1930S
The Great Depression of the 1930s
began with the
and continued for a decade
Wall Street Crash of 1929
This economic crisis
led to a fall in prices
deflation
put an end to the prosperity
of the roaring twenties
The crisis soon
spread to Europe
and other parts of the world
because
the United States stopped investing
asked other countries
to repay the loans they had received
after the war
Companies closed
Banks collapsed
because
of a lack of liquidity
due to a
fall in sales
lack of credit
Wages
Millions of people
were forced to live off charity
government support
fell
unemployment increased
the New Deal
Attempts at a solution
Governments
The measures were:
to give subsidies
to agricultural producers so
that they could pay off
their loans
to carry out
public works
to create employment
to limit
agricultural
industrial
production
to prevent a fall in prices
to establish government
control
of the stock market
to avoid the large scale
sale of shares
of the banks
to safeguard citizens' savings
to establish
a minimum wage
provide unemployment compensation and
unemployment was at 30%
disability insurance
old-age and widow's benefits
to help alleviate the misery
of the working class
of all countries tried to
end the crisis by
state intervention in the economy
In the United States
President Franklin Roosevelt
implemented the New Deal
in 1933
This was a series of
economic
social
measures adopted
by the government
in order to try
to stimulate demand
After 1938
the United States economy
began to recover
although full employment
was never reached again
There was a decrease
in the standard of living
generating discontent
with the liberal capitalist system
which most people blamed
for the crisis
The world economy
was affected
because the United States
reduced imports
Other countries
to save national production
adopted protectionist measures,
such as
increasing taxes
on foreign products
