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The Great Depression was an economic disaster dating from 1929 to the late 1930s. It was mostly relevant in North America and Europe, but it also affected other industrialized areas.

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What was happening during this time period?

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What was happening during this time period?

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By 1932, unemployment was at 25% (around 12-13 million people were unemployed). Even those who did have jobs had pay cuts, sometimes up to a third or more.

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Before the stock market crashed, the value of the US stock market had grown immensely (almost doubled). On October 24th 1929, the stock market began its fall. A few days later on October 26th "Black Tuesday" caused a massive drop in stock prices, with 16 million shares being affected. By 1932, stocks had lost 85% of their value.

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In the 1920s, around 600 banks failed each year. When the stock market crashed in 1929, it caused more banks to fail. In total, around 9,000 banks failed in the 30s.

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 How did the GreatDepression affect thepeople’s outlook of theworld as a whole?

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 How did the GreatDepression affect thepeople’s outlook of theworld as a whole?

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During the great depression, times were tough for just about everybody. It seems like it united people since their struggles were similar. Everybody had to work together to get enough money for their needs. It divided people as well, since jobs were scarce but the need for work was high.

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Economic crisis- a situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis Financial crisis- any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value
Industrial- to develop industries in (a country or region) on a wide scale

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http://www.english.illinois.edu/maps/depression/about.htm
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https://www.khanacademy.org/humanities/ap-us-history/period-7/apush-great-depression/a/the-great-depression
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http://www.sahistory.org.za/article/what-was-great-depression-and-why-did-it-start-usa
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http://www.history.com/topics/bank-run
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http://www.u-s-history.com/pages/h1525.html