The Great Depression A Virtual Field Trip. A Day of Reckoning On Black Tuesday, October 24, 1929,...

The Great Depression

A Virtual

Field Trip

A Day of Reckoning

On Black Tuesday, October 24, 1929, the Stock Market collapsed.

Wall Street Stock-Market Crash Of 1929 The crash

precipitated the Great Depression, the worst economic downturn in the history of the United States.

A Day of Reckoning In the words

of a gray haired Stock Exchange guard, "They roared like a lot of lions and tigers.

A Day of Reckoning

They hollered and screamed, they clawed at one another. The trading floor of the New York Stock Exchange was like a bunch of crazy men.

A Day of Reckoning Every once in a

while, when Radio or Steel or Auburn would take another tumble, you'd see some poor devil collapse and fall to the floor."

Wall Street Stock-Market Crash Of 1929 The stock

market was in shambles. Many banks couldn't continue to operate. Farmers fell into bankruptcy.

Outcomes of the Crash The Wall Street

Crash brought the Roaring Twenties to an end and led to a Depression in America.

The Lowest Point

The Great Depression was probably the lowest point in American economic history.

Wall Street Stock-Market Crash Of 1929

It had devastating effects on the country.

The Lowest Point

In fact, it was so bad that most of the world was hurt economically at the time.

Stocks One of the

reasons this happened was how people had invested in stocks during the 1920s.

Foolish Investments Many people

used credit to invest, and some companies they invested in were worthless.

Foolish Investments

When investors started to wise up, lots of people sold stock quickly, the prices went down fast, and almost everybody lost money.

1930s

The 1930s were times of great depression resulting in sweeping changes.

Wall Street Stock-Market Crash Of 1929 A quarter of

the working force, or 13 million people, were unemployed in 1932, and this was only the beginning.

Out of Business! Many

companies went out of business, and by 1933, one out of every four people in America had lost his or her job.

A Way Out

Financial institutions collapsed.

Starving People Some people

starved trying to find work, while others did all they could to just hang on a little longer. Some could only find food in soup lines.

New Deal When Franklin D.

Roosevelt accepted the Democratic nomination for president of the United States in 1932, he pledged to create "...a new deal for the American people."

New Deal The New Deal

became the term that described all of Roosevelt's later efforts to help the tens of millions of people.

The New Deal developed government programs to help the needy.

A Way Out

It wasn't until World War II started that the U.S. and world economies straightened out.