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THE GREAT DEPRESSION
Uxue Aguinalde
Created on February 7, 2024
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Transcript
The Great Depression
START
INDEX
Expansion trough Europe
Context
1.
4.
Video (Stock Market Crash)
2.
Measures
5.
Causes
3.
Interventionists Governments?
6.
Creators: Naia Fervenza, Luka Acero, Jon Escudero and Uxue Aginalde.
CONTEXT
1929 STOCK MARKET CRASH
After the WW1 all European countries were destroyed. The USA was well establshed in economy, she lent money creating the 'perfect plan'. Which failed and in 1929 it was the official beginning of the period known as 'The Depression'. This period finished in 1939.
WHAT CAUSED THE DEPRESSION?
USA LEND MONEY AND incrEASED INDUSTRIAL PRODUCTION
EUROPEAN INDUSTRY AND ECONOMY STARTED RECOVERING
OVERPRODUCTION IN THE USA
Decrease in prices --> Less profits
VALUE OF COMPANIES DECREASED
Unemployment increased
CRISIS IN THE USA
Plenty of money in the USA
Banks lent money too easily.
IDEA OF BUYING STOCKS WIDESPREAD
Common people buying stocks was normal.
PEOPLE ASKING FOR LOANS TO BUY STOCKS
VALUE OF STOCKS DECREASE WHEN USA ENTERED IN RECESSION
10
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UNEMPLOYMENT
EXPANSION TROUGH EUROPE
01
Europe borrowed money from the USA, but when she entered into recession...
02
USA wanted to call off the loans given to Europe.
03
This meant a big depression, bank closed and economy collapsed.
04
All the countries involved in this crisis.
EXPANSION TROUGH EUROPE
01
Europe borrowed money from the USA, but when she entered into recession...
02
USA wanted to call off the loans given to Europe.
03
This meant a big depression, bank closed and economy collapsed.
04
All the countries involved in this crisis.
MESURES AFTER DEPRESSION
MEASURE 03
MEASURE 02
MEASURE 01
Redistribution of workforce
A beter use of the land in farming
Supervision of all banking and credits
MEASURE 04
MEASURE 05
Control the Stock Market
Make the dollar strong
INTERVENTIONIST GOVERNMENTS
Capitalist ideology: Don't to intervene in the economy of the coutnry, the economy will regulate itself with the law of offer and demand.
Even the USA was a Capitalist country, after the depresion government decided to take those measures above.
CONSEQUENCES
Rise of authoritarian regimes
Impossible sustaining situation
Germany Nazism by Adolf Hitler
Suicide commiting
Italy Fascism by Mussolin ni