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The Great Depression

AB
The Great Depression time period1929-1940
the worst year during the G.D1932
Stock Market Crash dateOctober 29, 1929
Stock Market Crash also nown asBlack Tuesday
Businesses failed due toWar Bomb was over
Consumerthe person that buys goods
Consumerismthe act of purchasing goods
Important Basic IndustriesRailroad, Lumber, Mining
Buying on creditAllowed people to spend more
Creditbuy now, pay later
When banks failedpeople lost thier money
25% failed in 1933Banks
increased 3%-25%unemployment rate during G.D
Speculationguessing
Buying on Marginusing other people's money to play the stock market
Tariffa tax
Hawley Smoot Tariff Acthigh tax on imported goods
Farming failed becausethey over produced the land and couldn't sell the goods
Causes of the G.DFailed industries (farming, bank, etc)



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