1. Worst Banking
Crises in History:
Great Depression
By GorillaPay.net
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2. Learn From Our Mistakes
• Seeing as we are experiencing the after effects of
two crises in less than a decade, it would do well for
everyone to learn from our mistakes.
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3. The Great Depression
• It is known as the worst financial crisis in our
history, and hopefully it never will get worse than
that.
• It lasted for more than a decade in some parts of
the world and caused unemployment to reach
record heights of upwards of 25%
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4. Causes of the Great Depression
• Stock Market Crash
• Bank Failures
• Great Mississippi Valley Drought
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5. Stock Market Crash
• In 1930 the U.S. stock market fell from a peak of
nearly 400 points to close to 200 points in little
more than a month.
• This enormous plunge in the market, some say,
was a symptom rather than a cause.
• What they all agree upon, however, is that it was a
starting point; a starting point that cost investors 4
billion dollars.
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6. Bank Failures
• Over 9,000 banks failed throughout the 1930s.
• When the banks failed, people lost their savings
and therefore stopped spending.
• Banks that were able to pull through the crash and
subsequent years stopped loaning new money and
therefore decreased influx of money again.
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7. Great Mississippi Valley Drought
• This drought was of such large proportion and
wide spread influence that many farms went
bankrupt.
• These farms were either seized or sold for no
profit. Those that did survive had to cut
employees, labor, and productivity to minimums;
once again reducing expenditures.
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8. Hopefully, it Won’t Happen Again
• If it is always there so say about the great
depression is that we do not want this to happen
again to any of us.
• We have to learn from our mistakes and not let
them happen ever again.
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