The Great Depression

[object Object],What is a Depression? ,[object Object]

[object Object],A Booming Economy?

[object Object],Causes of the Depression ,[object Object],[object Object]

[object Object],Causes of the Depression ,[object Object],[object Object],[object Object]

[object Object],Causes of the Depression ,[object Object],[object Object],[object Object],[object Object]

BANK You start a savings account Your money Your money Bank invests money Bank makes loans Your money Profit on investment Interest paid to your account People repay loans You may close your account

BANK You start a savings account Your money Your money Bank invests money Bank makes loans Your money Profit on investment People repay loans After the Crash, banks lose $ on investments After the Crash, people can’t repay loans

People go to withdraw money that the bank does not have. Result: The bank collapses!

[object Object],Effects of the Depression ,[object Object]

Effects of the Depression ,[object Object],[object Object]

[object Object],Effects of the Depression

The Great Depression

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The Great Depression