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THE CRISIS OF 1929 AND THE GREAT DEPRESSION, image, image, image, image,…
THE CRISIS OF 1929 AND THE GREAT DEPRESSION
AN ABRUPT END TO PROSPERITY
boom in the US
massive financial growth
stock market
get rich quickly
rise value
increase credit operations
New York Stock Exchange
world's economy
main indicator
overvalued
quickly burst
24- 29 october 2029
share price fell sharply
panic
much lower price
priority
get rid of shares
crash of the New York Stock Exchange
Consequences
banks
bankrupt
couldn't collect money
end of the period of prosperity
many companies
close down
fire workers
industrial production
declined
Savers
money dissapear
companies
lost
value
capital
companies
no longer given new credit
Great Depression
worst crisis
duration
reach
intensity
lasted
1930- 1932
acute phase
entire decade
economic difficulties
political difficulties
economic crisis was known
countries depend
US loans
canceled
Economic crises
part of capitalism system
happen in cycles
consumption
fell dramatically
less business activity
increase unemployment
affected almost all social classes
MEASURES TO OVERCOME THE GREAT DEPRESSION
affected industrialised countries
similar consequences
US economy
loss value
shares
stock market
decline
industrial production
fall of prices
increase
unnemployment
most affected
Germany
Austria
Great Britain
countries and colonnies
exported raw materials
efects of great depression
no longer
purchasing power
trade agreements
between countries
overcome crisis
each countrie
most appropiate
solutions
based on
economic nationalism
state interventions
main economic powers
Unites states
1933
Roosevelt
New Deal
state intervention
promotion of public works
Great Britain
3 million unemployed workers
state
not intervene
economy
restricted itself
decaluing pound %25
devaluation of the pound
change
traditional british free trade policy
free trade
commited
movement of goods
state
not intervene
regulate international trade
protectionism
establish customs tariffs imports
favour
countries own industry
