by kelly eva 1920-1929 american economy ---- the great depression
TRANSCRIPT
By Kelly
Eva
1920-1929 american economy ----the great Depression
introduction
1921 Warren Gamaliel Harding
1929 The Great Depression
BACKGROUND
World War I : People
Creditor Country
Gold reserves
The Laissez-faire Economy Policy
John Calvin Coolidge
WW1 supported the material basis
Technical revolution
Market stimulation
The main causes
The gap between the rich and the poor
The stock market crash
Market bubble
During the era of Hoover President , scalping stock was the popular speculation in the country.
From January 1925 to October 1929, the stock listed on the New York stock exchange list from 4.43 million shares increased to 10 million shares.
This time, almost all kinds of stock increased in value in severalfold , the more rise, the more people refused to sell them.
Phenomenon
Population
Overproduction
Bankrupt
agriculture
The unemployment ratein Germany,Austria and Poland rose to 20% while output fell by 40%.
By November 1932 every European country had increased tariffs or introduced import quotas.
Central Europe
1933, 30% of Glaswegians were unemployed due to the severe decline in heavy industry.
In some towns and cities in the north east, unemployment reached as high as 70% as ship production fell 90%.
United Kingdom
Hundreds of thousands of Americans found themselves homeless and they began congregating in the numerous Hoovervilles that had begun to appear across the country.
United States
WWI
STOCK MARKET
Agriculture
CONCLUSION
Thank You