1920’s “Crash and Depression”. 1929-1933 “The Great Depression Begins”
GREAT DEPRESSION 1929
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Transcript of GREAT DEPRESSION 1929
GREAT DEPRESSİON 1929
Ali Uçar
WHAT IS GREAT DEPRESSION?• In US started with the collapse of the stock market,
as soon as possible spread to the whole economy and It called as great depression crisis affecting the whole world.
SITUATION BEFORE GREAT DEPRESSION• Developing economy.• Restructuring.• High technology and production.
UNEQUAL DISTRIBUTION OF WEALTH
01020304050607080
1929
TOP 1%BOTTOM 99%
CAUSES OF THE GREAT DEPRESSİON• Republican domestic and
international economic policies
• Stock and real estate speculation
• Unregulated banking practices
• Overproduction of goods• Decline of the farming
industry• Unequal distribution of
wealth• THE STOCK MARKET CRASH
DURING DEPRESSION• Industrial production• Nominal prices• Prices of agricultural products• Total Prices• Rate of unemployed
• Government intervention
• Federal farm board• National credit
organization• Federal home loan
bank act and reconstruction finance corp
OUT OF CRISIS• Government intervention• Banking Act • Agricultural Adjustmend Act • Natıonal Industrial Recovery
Act • Wagner Act• Social security law• Tennessee Valley
Administration
John Maynard Keynes
CONCLUSION
• Mass unemployment• Some countries collapsed • Government or regime change• A major cause of world war II.• Interventions to economic life• Planned economy period
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