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What would life be like without money?

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Page 1: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

What would life

be like without money?

Page 2: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Unit questions

• What caused the Great Depression?

• How did the United States get out of the Great Depression?

• How would you feel if you lost all of your money and were not able to make any more?

• Could we ever have another Great Depression in our country?

Page 3: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Great depression economics

ByAmanda wiggins

Page 4: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

overview

• Stock Market Crash• Run on Banks• Unemployment, Poverty,

and Foreclosure• New Deal Economic

Programs• Lasting Economic

Consequences

Page 5: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Stock Market CrashOctober 29, 1929 “Black Tuesday”

Page 6: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Run on banks

• Depositors lost $140 Billion

• About 10,000 banks failed

• Checks were no longer accepted

• Businesses couldn’t get credit for inventory

Page 7: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Unemployment

Page 8: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

foreclosure

• Many families lost their homes

• Numerous farmers lost their livelihood

• Scores of people became homeless due to foreclosure

Page 9: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Poverty

Page 10: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

New deal policies• Created jobs for the unemployed

• Reformed stock market practices

• Restored banking system

• Devalued the US dollar by 41%

• Provided affordable housing

Page 11: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Lasting consequences

• Federal Deposit Insurance Corporation (FDIC)

• Social Security Administration (SSA)

• Securities and Exchange Commission (SEC)

• No gold standard

• Minimum wage

• National debt

http://www.fdic.gov/about/learn/symbol/index.html
http://www.fdic.gov/about/learn/symbol/index.html
http://www.ssa.gov/history/briefhistory3.html
http://www.sec.gov/about/whatwedo.shtml#create
http://www.sec.gov/about/whatwedo.shtml#create
Page 12: What would life be like without money?. Unit questions What caused the Great Depression? How did the United States get out of the Great Depression? How

Could we ever have another Great

Depression in our country?


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