Please enable JavaScript.
Coggle requires JavaScript to display documents.
THE CRISIS OF 1929 AND THE GREAT DEPRESSION, image, image, OIHANE…
THE CRISIS OF 1929 AND THE GREAT DEPRESSION
AN ABRUPT END TO PROSPERITY
consumption fell, much less business activity
generalisation of the crisis= the Great Depression
many companies closed down, fired their workers-> end of the period of prosperity
get rid of shares which were dropping in value-> crash of the New York Stock Exchange
New York Stock Exchange (main indicator of the world economy)= overvalued, share price fell sharply
during the 20s US economy: massive financial growth
MEASURES TO OVERCOME THE GREAT DEPRESSION
state intervention
promotion of public works
US, 1933: President Roosevelt 's plan to revive the economy
social welfare
control of banking
solutions
state intervention
economic nationalism
Great Britain
state not intervene in the economy
devalue the pound by 25%
favoured exports, invigorated the domestic market
3 million unemployed workers
countries and colonies that exported raw materials also suffered
drastic reduction in exports
free trade and protectionism
especially affected industrialised countries
decline of industrial production, bankruptcy
fall of prices, salaries and increase in unemployment
loss of value of shares on the stock markets
OIHANE TXARROALDE 4.E
