The-Great-The-Great-Depression1Depression1Pre-question When we talk about the US Great Depession, what can you figure out1、What is the Great Depression?4、Effects of the Great Depression5、Turning point and recovery 2、Causes of the Great DepressionOutline 3 、 Start of the Great DepressionTime :1929-1930s or early 1940sOrigination : United Stated Involved countries: North America, Europe, and other industrialized areas of the world Evaluation : It was the largest and most important economic depression in modern history. The Great Depressiona.Overproduction in manufacturing: Factories produced too much and people were notable to buy all of the new products.b.Overproduction in agriculture: When WWI ended, there was not as much need forfood in Europe.Causes of the Great Depressionc.Margin Buying in the Stock Market: An individual could purchase a share of a companys stock and then use the promise of that shares future earnings to buy more shares. d.Bad Banking Practices: Virtually no federal regulations existed to controlbanks; Corruption was rampant; many bankersbought stocks on margin with customers savings. Causes of the Great DepressionStart of the Great DepressionThe depression originated in the U.S., around September 4, 1929 and became worldwide news on October 29, 1929 (known as Black Tuesday). The Dow Jones Industrial Average (DJIA) fell steadily over a ten-day period. Black Tuesday: October 29, 1929 DJIA declined 13%. Investors panicked and dumped an unprecedented 16 million shares.Stock Market Crash in 1929Stock Market Crash in 1929Sept. 3, 1929DJIA：381.17July 8, 1932DJIA：41.22Effects of the Great DepressionUSA:USA:A: Personal income, tax revenue, profits and prices A: Personal income, tax revenue, profits and prices droppeddroppedB: international trade plunged by more than 50%. B: international trade plunged by more than 50%. C: Unemployment in the U.S. rose to 25%C: Unemployment in the U.S. rose to 25%D: Farming and rural areas suffered as crop prices fell D: Farming and rural areas suffered as crop prices fell by approximately 60%.by approximately 60%.Other nations:Other nations:GermanyGermany : :poor economy conditions led to the rise to poor economy conditions led to the rise to power of the dictator power of the dictator Adolf Hitler Adolf Hitler JapanJapan : the Japanese: the Japanese invaded Chinainvaded China ,developing ,developing industries and mines in industries and mines in ManchuriaManchuria（满洲里）（满洲里） Herbert HooverThe 31stU.S. President(1929-1933)FDRThe 32stUS President1933 1945Turning point and recoveryWhat is his policy ?About the New Deal1、What is the New Deal?2.Effects of the New DealThe New Deal did in fact help millions of Americans survive the Great Depression. It helped create jobs, build houses and shelters for the homeless, and distribute food to the hungry. It also raised agricultural commodity prices, put banks back on solid footing, and greatly improved the national infrastructure. Effects of the New DealQuiz Time Starting markCauses Policy PlaceEffects 1929-1930sUS and Europe countries Black Tuesday The New DealUSA and other nationsManufactureAgricultureStock marketBank practice结束！结束！