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THE CRISIS OF 1929 AND THE GREAT DEPRESSION - Coggle Diagram
THE CRISIS OF 1929 AND THE GREAT DEPRESSION
AN ABRUPT END TO PROSPERITY
boom in US economy based on massive financial growth
unprecedented speculative operations on the stock market
increase in credit operations
without sufficient repayment guarantees.
New York Stock Exchange
main indicator of the world economy
financial bubble grew and quickly burst
On 24 and 29 October 1929
Black Thursday and Tuesday
the share price fell sharply.
Investors sold huge amounts of shares
crash of the New York Stock Exchange.
end of the period of prosperity
short-lived Roaring Twenties.
Great Depression (1930-1932)
worst crisis the capitalist system had ever endured.
MEASURES TO OVERCOME THE GREAT DEPRESSION
in USA (1933)
President Roosevelt proposed a shock plan
‘New Deal
proposed state intervention
involved
promotion of public works
subsidies for firms
control of banking
more social welfare
