1. “Prosperity and Depression of 1920's -
1930's in the USA.”
Presenter: Cyorny Iliya, 1LM3

2. Depression

3. A severe and prolonged downturn
in economic activity

5. • A short rise in
price of a stock
which already
suffered a fall.

6. High level of unemployment

7. Banks were closed

8. People lost their investments

11. Herbert Hoover
• a shanty
town

13. Hobo

14. Causes
• malfeasance
by bankers
and
industrialists
, or
incompeten
ce by
government
officials

15. • underconsu
mption and
over-
investment
(causing an
economic
bubble)

16. • These
manipulations
caused a
disbalance
between
demand and
supply

17. National recovery administration

19. Harry Hopkins
• Hopkins made it his
mission to strengthen
ties between the
Roosevelt
administration and the
business community.
While Roosevelt
believed in complete
reform (The New
Deal), Hopkins took a
more administrative
position; he felt that
recovery was
imperative and that
The New Deal would
continue to hinder
recovery.