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The Wall Street Crash and the Great Depression - Coggle Diagram
The Wall Street Crash and
the Great Depression
A period of economic crisis :
In the USA
In 1920s industries grew rapidly and rich people invested in stocks
Prices went up beyond their real value and investors started to sell their shares
On 29th October 1929 (Black Thurday) Wall Street crashed
Consequences
Banks closed down
Companies went bankrupt
Millions of people lost their jobs: unemployement
Poverty
People stopped spending
1 more item...
Measures
The New Deal by President F.D. Roosvelt (1932)
Social and economic reforms
Relief for the unemployed and poor
Recovery of the economy
Reform of the financial system
Programme of state economic involvement
In Europe
Fall in the export of raw materials
No more American loans
No export to American market
Economic consequences of the war
Large scale unemployment
Poverty
Hardship