The Great Depression

By: Andrew Gaynor, Mary Woods, Ross Woods

What caused the Great Depression?

There are multiple things that started the Great Depression. The main cause was the stock market crash in 1929 where stockholders lost more than $40 billion dollars. The other causes were Bank failures, Reduction in Purchasing across the board, American economic Policy with Europe, and Drought conditions.

Why was it so bad?It was so bad because it wasn’t a small problem. It was world wide and lasted up to 3 years.

What happened to people

Due to inflation billions were left homeless and out of work. Those who were employed only got half their usual paycheck.

What programs assisted recovery?

The programs that were created by President Roosevelt to assist the recovery of the Great Depression was the First New Deal, the Second New Deal, Works Progress Administration(WPA), U.S. Housing Authority, and Farm Security Administration

Work cited• Taylor, nick. “The great Depression

in the 1930’s”• http://topics.nytimes.com/top/

reference/timestopics/subjects/g/great_depression_1930s (28 march,2012)

• Frank G. Steindl “Economic Recovery in the Great Depression”

http://eh.net/encyclopedia/article/Steindl.GD.Recovery (28 march, 2012)

• Martin Kelly “Top 5 causes of the Depression” http://americanhistory.about.com/ad/greatdepression/tp/greatdepression.htm

• Kathy Gill “What caused the Great Depression” http://uspolitics.about.com/od/economy/tp/what_caused_great_depression.htm