Consequences of the crisis of 1929

Far-right parties grow

Because of the drop in the price of the products due to the market saturation and the freezing of the purchasing power of buyers, businessmen don't collect the necessary benefits to reinvest in the production

Production weapons to combat the crisis

A generation of intellectuals and artists was created with a pessimistic view of life

In Europe, due to the crisis, they are going to raise authoritarian parties that propose total control of the economy by the State, in that line Hitler rises to power in 1933

The states, which until then had left the economy free will intervene to trying to avoid a repeat of a crisis

Rise in crime

Economic disaster such as the bankruptcy of the banks and the closure of many companies

Democrats dominate over Republicans

Establishment of a direct link between the president and the citizens, thanks to the use of the radio to carry out talks about the situation in the country.

Increased state intervention in the economy, such as the social security system

Improvement and expansion of the country's infrastructure, (construction of 1 million kilometers of highways, 77,000 bridges, 285 airports, and 120,000 public buildings)

A moderate drop in unemployment

The increase in industrial production

By Norah Gomez Bejar from 4B

NEW DEAL

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consequences of the crisis of 1929

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NEW DEAL

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