Want to create interactive content? It’s easy in Genially!
4SE 8. THE ROARING TWENTIES AND THE CRASH OF 29
clioygea
Created on March 24, 2025
Start designing with a free template
Discover more than 1500 professional designs like these:
Transcript
the roaring twenties and the crash of 29
Unit 8
Start
03. STOCK MARKET CRASH
04. THE GREAT DEPRESSION
05. THE NEW DEAL
02. THE ROARING TWENTIES
index
THE ROARING TWENTIES
DURING WWI
AFTER WWI
The country that benefited most from World War I was the United States
THE ROARING TWENTIES
02
The causes
OVER- PRODUCTION
STOCK MARKET BOOM
MASS CONSUMPTION
03
STOCK MARKET CRASH
STOCK MARKET CRASH
Many shareholders knew that the stock price was much higher than its real value and that it would not continue to rise forever.
The facts
03
Within a few years, the stock market crash spread to industry, commerce, and agriculture, leading to a general economic crisis known as the Great Depression.
04
THE GREAT DEPRESSION
SOCIAL REFORMS
ECONOMIC REFORMS
In 1932, one of the worst years of the Great Depression, Franklin D. Roosevelt won the US presidential election. The new president proposed a new political program to overcome the crisis called the New Deal. These policies argued that the government had to revitalize the economy through economic and social reforms.
05
THE NEW DEAL
+ INFO...
American growth continued throughout the 1920s: it was the decade of prosperity and the consolidation of the American way of life based on consumerism. The United States became a paradise for millions of immigrants from around the world seeking the American dream.
Reducing work week
Increasing wages
Increasingemployment
The New Deal revived the American economy and significantly reduced unemployment. In 1934, productivity reached 1929 levels after four years of decline. People had more money, so demand and spending increased. Despite the improvements, the United States did not emerge from the crisis until the beginning of World War II, when the new needs for rearmament and supplies of the warring countries made the United States the main supplier to the Allies.
Economic prosperity meant rapid growth in the stock market. Investors bought shares to make very short-term profits. The investment frenzy led many investors to take out loans to buy shares.
The economic reforms were accompanied by social reforms
Public works
Increasing wages
BANKRUPTCY OF BANKS
THEY CAN´T PAY LOANS
NO MONEY FOR EVERYONE
Everyone went to banks to withdraw their money
INVESTORS IN RUINS
To prevent falling prices and stimulate demand, the New Deal proposed a series of economic reforms:
Control over banks
Agricultural surpluses
Public companies
PRICES
PRICES
EXPORTS
EXPORTS